TSYS

TSYS Will Continue To Provide Payments Processing For Valley National Bank

TSYS announced in a press release that it has signed a long-term agreement with Valley National Bank to continue providing issuer processing services for the bank’s consumer credit and debit card portfolios.

“TSYS has been a trusted provider for Valley for two decades,” said Thomas Sparkes, first senior vice president of Valley National Bank. “They have provided a tremendous level of support and product expertise over the years, affording our customer base the best service we could ask for.”

With headquarters in Wayne, N.J., Valley National Bank operates more than 200 branch locations serving northern and central New Jersey, Manhattan, Brooklyn, Queens and Long Island, and Florida. It has more than $22 billion in assets.

TSYS will also continue to provide Valley National Bank with additional services, such as data analytics, fraud prevention and customer support.

“Our relationship with Valley National Bank is one that we can be proud of as a company,” said Allen Pettis, president of North America issuer solution for TSYS. “The level of trust and collaboration between our two businesses has made it easy for us to provide the elite service that they have come to expect for their cardholders.”

Financial terms of the long-term agreement were not disclosed.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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