Advanzia Bank S.A. Renews Agreement with TSYS
TSYS today announced that Advanzia Bank S.A., the largest issuer of credit cards in Luxembourg, has renewed its agreement with TSYS to process its consumer credit card portfolio. As part of the new agreement, Advanzia will convert its portfolio from TSYS’ Prime platform to its TS2® processing platform.
Advanzia issues more than 1.5 million MasterCard credit cards to consumers in both Luxembourg and Germany, transacting all of its business online with no physical bank branches. Advanzia was established in 2005 and has been a client of Card Tech Limited, now TSYS Card Tech, since that time.
“This conversion is the largest and probably most critical project for Advanzia so far,“ said Marc Hentgen, Chief Executive Officer of Advanzia Bank S.A. “TSYS has a proven track record, which gives us confidence that they will be able to migrate our portfolio without any impact to our cardholders.”
“As one of the leading European processors, TSYS will provide Advanzia with the flexibility and support it needs to further grow the business,” said Bob Evans, Managing Director of Europe, TSYS. “Our TS2 platform will enable them to take advantage of the latest developments that are required in the markets in which they operate.”
Terms of the multi-year agreement were not disclosed.
About TSYS
TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes 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. For more information, please visit us at www.tsys.com .
About Advanzia Bank S.A.
Advanzia Bank is specialised in two products which concentrate on attractive features customers: a no fee MasterCard Gold credit card for payment transactions and a highly yielding interest rate deposit account for savings.
Advanzia Bank SA, is located in Munsbach, Luxembourg and started its operations in 2006. The card is available on either the bank’s webpage or through selected partners. The deposit account “Advanziakonto” is also available online and offers the customer an attractive interest rate which is capitalised on a monthly basis.
Contact:
TSYS Media Relations
Cyle Mims, +1-706-644-3110
cylemims@tsys.com
or
TSYS
Investor Relations
Shawn Roberts, +1-706-644-6081
shawnroberts@tsys.com
or
TSYS
International
Victoria Winn, +44 1904 562 577
victoriawinn@tsys.com
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