TSYS and Banco CSF S.A. Extend Payments Agreement
Columbus, Ga., U.S., and Campinas, Brazil, January 27, 2015 — TSYS (NYSE: TSS) today announced that it has extended its existing card-processing agreement with Banco CSF S.A., the financial services arm of Carrefour in Brazil, through 2024. TSYS supports Carrefour’s 12 million hybrid and private-label cards in circulation in Brazil on its market-leading TS Prime® processing solution. The Carrefour portfolio has grown 64% since the Carrefour and TSYS card program began in 2012.
“TSYS has been working with Banco CSF S.A. for the past five years and we are pleased to further expand our strategic partnership into the future, we will continue to provide capabilities to one of the strongest and best-known retail brands in Brazil and the world,” said Gaylon Jowers, president of TSYS International. “Together, we have created an efficient, secure and scalable operating model for sustainable success. This agreement reinforces our joint commitment to the Brazilian payments market as we look forward to further developments of innovative solutions to provide Carrefour customers the best, most reliable and most creative solutions in the Brazilian payments market.”
TSYS will continue to support Banco CSF’s growing business through its in-country operating infrastructure utilizing its local teams based in Campinas for technical, delivery and business expertise, while leveraging its global footprint in technology, servicing and product capabilities.
About Banco CSF S.A.
Banco CSF SA is a Brazilian bank focused on consumer finance for Carrefour customers. Its owners are Carrefour (the world’s second largest retailer) and Itaú (the biggest Brazilian bank by market value). Banco CSF has significant market share within Brazil, it is currently the 7th largest credit card issuer in the market, and the leading issuer among financial arms of retailers.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief “People-Centered Payments®.” By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2013 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.
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