TSYS to Provide Debit Payment Services for KBC Bank Ireland
TSYS to Provide Debit Payment Services for KBC Bank Ireland
COLUMBUS, Ga. & LONDON--(BUSINESS WIRE)-- TSYS (NYS: TSS) today announced that it has signed a multi-year payments agreement with KBC Bank Ireland (KBC) to launch its debit card portfolio in Ireland. The KBC portfolio will be processed on TS2®, TSYS' industry-leading outsourced processing platform, and customer service support will be provided by TSYS Managed Services EMEA.
KBC has provided business and personal banking services to customers throughout Ireland for 40 years. Its parent company, KBC Group, is one of Europe's largest financial services providers, with operations also in the U.S. and Southeast Asia.
"Debit is the fastest growing payment instrument in Europe and presents an opportunity for TSYS to bring its extensive experience to this sector," said Kelley Knutson, executive vice president, TSYS. "We are committed to developing our debit proposition in TSYS' home markets, and by working with KBC, we not only gain a new customer but also the opportunity to share best practices as we grow together in the Irish payments market."
"KBC is providing a real alternative in Irish banking and over the last 18 months we have been expanding our presence and introducing new and innovative products. The ability to launch a debit card is seen as the next critical stage in our growth," said Edward Dillon, head of retail products for KBC Bank Ireland. "We are pleased to partner with TSYS, the leading debit processor in Ireland, to work together to launch our debit card portfolio."
TSYS' debit solution is part of its core business and can support all card processing needs along with value-added services. TSYS Managed Services EMEA will further support the portfolio with customer service support, dispute and chargeback handling and fraud and strategy management.
About KBC Bank Ireland
KBC Bank Ireland has been operating in Ireland for 40 years and has been a member of the KBC Group since 1978. As one of Ireland's leading banks, KBC provides business and personal banking services to customers throughout Ireland. Our 700 employees in Dublin, Cork, Limerick, Belfast and Galway are dedicated to working in partnership with our customers to ensure their financial needs are met.
A member of one of Europe's largest banking groups, KBC is committed to delivering responsible but innovative banking that is grounded in customer and shareholder value.
About TSYS
At TSYS, (NYS: TSS) , we believe payments should revolve around people — not the other way around. We call this belief "People-Centered PaymentsSM." 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 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
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
shawnroberts@tsys.com
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TSYS International
Victoria Winn, +44.1904.562.577
victoriawinn@tsys.com
KEYWORDS: United States Europe North America Georgia Ireland
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