Tsys to Process US Bank's Corporate Card Payments in Europe
Tsys is to provide core processing services to Elavon Financial Services, a subsidiary of US Bank. It will begin issuing corporate cards in Europe this summer. US Bank had announced in March 2011 that it would begin issuing corporate cards to European-based employees of its North American multinational customers through Elavon.
US Bank will use Tsys’ TS2 commercial card platform, which currently supports clients across a number of European countries with multiple languages and currencies. TS2 is capable of serving a client’s portfolio across more than one continent – a critical advantage for institutions planning rapid, international growth.
“Partnering with a stable and dependable partner like Tsys gives our customers added reassurance of world-class service,” said Alan Gibson, director of European commercial payments for Elavon. “This represents an extension of a longstanding relationship that dates back more than 20 years. With Tsys, we have confidence in our ability to follow our customers anywhere they are doing business, around the world.”
The main focus for US.Bank initially will be to have Elavon issue cards to customers in the UK, Ireland, France, Germany, Spain and Italy. The bank plans to offer settlement options in euros and British pounds, and will support its customer language requirements in English, French, German, Italian and Spanish. The cards will meet European technology standards, including full chip and PIN capability.