COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS), a leading global payments solutions provider, today announced it has extended its long-term agreement with Capital One Financial Corporation (NYSE: COF) to continue providing processing services for Capital One’s North American portfolio of consumer and commercial credit card accounts for multiple years.
According to the Nilson Report, Capital One was a top 5 issuer of U.S. General Purpose Credit Cards in 2016, ranking second with 89.4 million total credit cards. Additionally, Capital One ranked fifth in total purchase volume with more than $249 billion.*
“The strong sense of partnership we have developed with Capital One has allowed for a tremendous amount of growth and innovation over the years,” said Allen Pettis, Executive Vice President and President, North America Issuer Solutions, TSYS. “This agreement is a testament to the hard work, collaboration and open communication it takes to make a long-standing client relationship successful.”
*Nilson Report, February 2017, Issue #1104
TSYS® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management. 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 headquarters are located in Columbus, Ga., U.S.A., with approximately 11,500 team members and local offices spread across 13 countries. TSYS generated revenue of $4.2 billion in 2016, while processing more than 25.5 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World's Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.