TSYS Signs Payments Agreement with Virgin Money
Company to Support Virgin Money’s Debit Cards in the UK
Columbus, Ga., and London, 30 Nov., 2016 — TSYS (NYSE: TSS) today announced that it has reached a long-term agreement to provide debit processing services for Virgin Money customers within the United Kingdom. Virgin Money previously selected TSYS’ market leading TS2® platform to support its UK cards portfolio.
Virgin Money is a UK-based retail bank, providing savings, mortgages, credit cards, current accounts, currency services, pensions, as well as investment and protection products to over three million customers across the UK. TSYS will provide a flexible and reliable card processing solution for Virgin Money.
Mark Parker, chief operating officer for Virgin Money, said, “After the successful implementation of our credit card operation, TSYS has been selected to provide our debit card services having demonstrated they can provide a similar secure and resilient solution to support our current account proposition. We are building a flexible solution to enable us to issue contactless MasterCard debit cards and the new TSYS solution will help us to improve our service to current account customers and help them manage their money more easily.”
Kelley Knutson, executive vice president of TSYS’ International Services segment, said, “We are excited to broaden our already successful relationship with Virgin Money. The combination of our experience in international markets and the strength of the Virgin brand will continue to ensure the future growth of their card business. TSYS strives to develop and maintain strong relationships with key issuers in the UK and across Europe, and it is a privilege to work with high-profile, and capable, companies such as Virgin Money.”
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment providers, businesses and consumers. Our headquarters are in Columbus, Georgia, USA, and we operate in more than 80 countries with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management — delivered through partnership and expertise. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way toward the payments of tomorrow. We routinely post all important information on our website. For more, visit us at tsys.com.
About Virgin Money
- Virgin Money offers savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products to over 3 million customers across the UK.
- Virgin Money’s business ambition is to make “everyone better off” – this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders.
- More than 11,500 charities have registered with Virgin Money Giving and, by the end of June 2016, over £475 million had been raised for charity through the service since its launch in 2009, resulting in an estimated £15 million more raised for charity because of its not-for-profit model.
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