TSYS Signs Payments Agreement with Simmons First
11 Ottobre 2010 - 3:00PM
Business Wire
TSYS announced today that it has signed a multi-year agreement
with Simmons First National Bank to convert its consumer credit
card portfolio to TSYS in 2011. TSYS will provide core account and
transaction processing services, card and statement production,
fraud detection, on-line customer service technology and risk
management support.
Earlier this year, Simmons First also signed a merchant
processing services agreement with TSYS, and has extended their
existing agreement with TSYS for comprehensive cardholder loyalty
and rewards program management.
“TSYS has a great reputation in the payments industry for
providing great technology and outstanding service, and we were
looking for a partner for the long term,” said David Bush, senior
vice president, credit card division of Simmons First. “We’re
excited about our new relationship and the benefits we see in doing
business with TSYS.”
A “super-prime” credit card issuer, Simmons First National Bank
is a nationwide issuer and offers some of the most sought after
credit card products available to consumers today.
“TSYS is proud to partner with a bank like Simmons First with an
outstanding history and reputation,” said M. Troy Woods, president
and chief operating officer of TSYS. “We are looking forward to a
true partnership where Simmons First can leverage our products and
services to help increase the profitability of their credit card
portfolio.”
Financial terms of the agreement were not disclosed.
About Simmons First National Bank
Simmons First National Corporation is an eight bank financial
holding company with community banks in Pine Bluff, Lake Village,
Jonesboro, Rogers, Searcy, Russellville, El Dorado and Hot Springs,
Arkansas. The Company’s eight banks conduct financial operations
from 80 offices, of which 76 are financial centers, in 40
communities in Arkansas and one community in Missouri. The
Company’s common stock trades on the NASDAQ Global Stock Market
under the symbol “SFNC”.
About TSYS
TSYS (NYSE: TSS) is one of the world’s largest companies for
outsourced payment services, offering a broad range of issuer- and
acquirer-processing technologies that support consumer-finance,
credit, debit, healthcare, loyalty and prepaid services for
financial institutions and retail companies in the Americas, EMEA
and Asia-Pacific regions. For more information contact
news@tsys.com or log on to www.tsys.com. TSYS routinely posts all
important information on its Web site.
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