TSYS Signs Processing Agreement with First Citizens
TSYS announced today that it has signed an agreement with First Citizens Bank to exclusively manage its commercial and consumer credit card processing needs. The multi-year agreement also includes fraud detection services, as well as card and statement production. First Citizens Bank has been a client of TSYS Acquiring for more than 10 years. TSYS say they believe that First Citizens can leverage the technology to expand the size and profitability of its credit card portfolios. Terms of the multi-year agreement were not disclosed.