Global payments provider TSYS is making headlines today with news of its renewed agreement with German-based Degussa Bank.
Terms of the long-term multi-year agreement were not released at this time, and both parties have been working together since 2010, but the two entities have put out a joint press release sharing the initial tidbits of the partnership. In this deal, TSYS will be providing financial products and services to both Degussa Bank’s corporate and business customers.
Degussa Bank Chief Digital Officer Dieter Bourlauf commented in the news release about the agreement and shared why it chose to continue the business relationship. “We are excited to extend our agreement with TSYS. Their strong track record of success and stellar reputation in the commercial card industry, combined with the quality service we have experienced since our original conversion onto their platform, gives us confidence that they will continue to help our commercial card program grow and flourish.”
With all of the various facets of a bank, the ability to work with a third-party solution like TSYS enables a more optimized internal and external experience.