Contract extension includes new PIN debit services
COLUMBUS, Ga.--(BUSINESS WIRE)--
(NYSE: TSS) announced today that it has renewed its payments
agreement with Missouri-based Commerce
Bank. The multi-year agreement includes renewed processing for
Commerce’s consumer, commercial and retail credit card portfolios, as
well as its signature debit portfolio. In addition, the agreement allows
TSYS to further serve Commerce Bank by providing PIN debit services.
“We continue to enjoy the high level of customer service and flexibility
that we’ve come to expect from TSYS to service our numerous platforms,”
said Carl Bradbury, Commerce Bank director of consumer card products.
“We have seen significant growth in our cards portfolio throughout our
relationship and look forward to continuing that trend over the course
of this new extension.”
“Commerce Bank has been a valued client since the mid-1990s,” said Bill
Pruett, president of North America Services, TSYS. “It serves as
affirmation when a long-time client not only extends their contract, but
also continues to add to the scope of your relationship the longer they
are with you.”
As part of the agreement, TSYS will continue to provide Commerce Bank
with additional services such as fraud prevention, risk management and
full customer support.
Financial terms of the agreement were not disclosed.
About Commerce Bank
Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ:
CBSH), a $23.1 billion regional bank holding company, as of December 31,
2013. For almost 150 years, Commerce Bank has been meeting the financial
services needs of individuals and businesses. Commerce Bank provides a
diversified line of financial services, including business and personal
banking, wealth management, financial planning, and investments through
its affiliated companies. Commerce Bank operates in more than 360 retail
locations in the Central United States and has a nationwide presence in
the commercial payments industry. Commerce Bancshares also has operating
subsidiaries involved in mortgage banking, leasing, credit-related
insurance, private equity and real estate activities.
For additional information, please visit www.commercebank.com.
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, Georgia, with local offices
spread across the Americas, EMEA and Asia-Pacific. TSYS provides
services to more than half of the top 20 international banks, is a
member of the Civic 50 and has been 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.
TSYS Media Relations
Cyle Mims, +1-706-644-3110
Shawn Roberts, +1-706-644-6081