Retail bank Virgin Money has selected TSYS’s platform to provide value-added capabilities for customers in the United Kingdom under a long-term agreement the companies announced March 27.
Retail bank Virgin Money has selected TSYS’s platform to provide value-added capabilities for customers in the United Kingdom under a long-term agreement the companies announced March 27.
The company is launching its own credit card business following the purchase of £1 billion (US$1.66 billion) in assets from MBNA. TSYS will provide a flexible and reliable card processing solution for Virgin Money with value- added capabilities being provided through various partners, including TSYS Managed Services EMEA.
“Virgin Money is continuing to build its range of banking services for customers and to offer real competition on the high street,” Michele Greene, Virgin Money director of banking, said in the announcement. “TSYS was selected as our preferred long-term partner to help us build our credit card operation because of their strong capabilities in the UK and their flexible and secure solution that can grow and adapt with us as we build a successful business in the future.”
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