TSYS Signs Payments Agreement with Huntington Bancshares Incorporated
COLUMBUS, Ga.--(BUSINESS WIRE)-- TSYS (NYSE: TSS) today announced that it has signed a payments agreement with Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com) to develop a platform for the bank’s new line of credit card products.
“This is an important step for Huntington as we develop our own suite of credit cards for consumers and businesses. It is part of Huntington’s overall strategy centered on convenience, and provides additional payment solutions for our customers,” said Mary Navarro, Huntington’s director of consumer and business banking.
“Huntington is a prime example of a strong regional bank that has elected to reassert itself in the consumer credit and commercial card space,” said M. Troy Woods, president and chief operating officer, TSYS. “We feel that our industry-leading technology and renowned customer service are what Huntington is looking for in order to create and maintain a successful and profitable credit card program.”
Huntington will offer its cards through its recently developed partnership with MasterCard®, and expects to roll out the business card in the first half of 2013, with the consumer card shortly thereafter. In addition to providing processing services for both the consumer and business cards, TSYS will also provide Huntington with fraud prevention services, card and statement production and customer service support.
Headquartered in Columbus, Ohio, Huntington has $56 billion in assets and more than 11,000 employees. The bank has more than 660 local branches and an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,300 ATMs, throughout its six-state banking franchise: Ohio, Michigan, Indiana, Pennsylvania, West Virginia, and Kentucky.
Terms of the multi-year agreement were not disclosed.
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, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
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, and has been named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.
TSYS Media Relations
Cyle Mims, +1-706-644-3110
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
Huntington Media Relations
Matthew Samson, +1-614-480-3763
Source: TSYS and Huntington Bancshares Incorporated
Released April 24, 2012