TSYS, Canadian Tire Extend Processing Agreement

TSYS has extended its exclusive agreement with Canadian Tire Financial Services, a division of Canadian Tire, to provide processing and other payment card program services; the transaction processor announced this week.

The multi-year extension includes Canadian Tire's MasterCard-branded and private-label retail portfolios, TSYS said in the announcement. Canadian Tire has been a TSYS client since 1998.

“TSYS has been a great partner through the years, working closely with us to understand our needs as we continue to grow and expand our payments programs,” Bonnie Agosthino, Canadian Tire vice president, said in announcing the agreement. “Their commitment to technology and customer service helps us better serve our customers now, and we are confident TSYS will continue to do so in the future.”

TSYS said it provides Canadian Tire with a number of services outside of traditional issuer processing and merchant acquiring, including fraud and risk management, portfolio analysis and a rewards and loyalty program.

In April, TSYS released a report detailing Canadian consumers’ payment preferences

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