TSYS to Begin Processing BofA Consumer Credit Cards
July 23, 2012
Columbus, Ga.-based TSYS recently agreed with Bank of America on a six-year deal to provide processing services for BofA’s consumer credit-card portfolios in the U.S. The company already handles the megabank’s commercial card portfolios globally.
“We have managed various aspects of their business over the years, and they are one of our most respected clients,” Philip W. Tomlinson, chairman and CEO of TSYS, says of Bank of America. “This reinforces my belief that TSYS brings value to institutions of all sizes from community banks and credit unions to regional institutions and global banks.”
TSYS plans to complete the conversion of Bank of America’s consumer card portfolio from its in-house processing system in mid-2014.