TSYS Signs Payments Agreements with Two Credit Unions
Signings Highlight Company’s Focus on Community and Regional Financial
COLUMBUS, Ga. -- December 12, 2012
TSYS (NYSE: TSS) today announced that it has signed a multi-year agreement
with St. Mary’s Bank — the nation’s first credit union — to provide payments
services for its consumer credit card portfolio.
“Partnering with TSYS to expand and enhance our consumer credit offerings
seemed like a natural fit,” said Steve Macek, director of Consumer Lending,
St. Mary’s Bank. “Their people-centered approach, coupled with the flexibility
of their processing solution, was exactly what we were looking for in a
Earlier this year, Oregon Community Credit Union also entered into a long-term
payments agreement with TSYS to include its consumer credit card portfolio.
“We are excited to add St. Mary’s Bank and Oregon Community Credit Union to
the growing list of community and regional financial institutions that have
chosen to bring their consumer credit card business to TSYS,” said Philip W.
Tomlinson, chairman and chief executive officer of TSYS. “Our TSYS Program
Solutions division has worked hard to develop an end-to-end solution that
brings value to institutions of all sizes from community banks and credit
unions to regional institutions and global banks.”
Financial terms of the agreements were not disclosed, but both credit unions
will utilize TSYS’ industry leading TS2^® platform.
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
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 St. Mary’s Bank
Founded in Manchester, New Hampshire, in 1908, St. Mary’s Bank is the nation’s
first credit union. As a not-for-profit, member-owned credit union, St. Mary’s
Bank makes progressive financial products and services available and
affordable to consumers and businesses. Members enjoy excellent service,
competitive rates, low fees, and state-of-the-art banking services.
Headquartered in Manchester, New Hampshire, St. Mary’s Bank has branches in
Manchester, Hudson, Londonderry, Milford, and Nashua. Call 1-888-786-2791 or
visit www.stmarysbank.com for more information.
About Oregon Community Credit Union
Oregon Community Credit Union, founded in Eugene, OR in 1956, is the second
largest state-chartered credit union in Oregon, providing a full range of
investment services; mortgages, auto and home equity loans; credit and debit
cards; and checking, savings, certificates and money market accounts. Oregon
Community Credit Union is headquartered in Eugene, OR and operates 10 branches
in Eugene, Springfield and Salem, OR, serving more than 104,000 members.
Membership is open to anyone who lives or works in Benton, Clackamas,
Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington and Yamhill
counties. Oregon Community Credit Union is an Equal Housing Lender and is
Federally Insured by NCUA. Visit OregonCommunityCU.org for more information.
TSYS Media Relations
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