TSYS announced Friday (Jan. 27) it named Philip McHugh as senior executive vice president and president of Merchant Solutions, effective as of May 1.
In a press release, the payment processing company said McHugh will report directly to Pam Joseph, president and chief operating officer of the company. “We are thrilled to have a visionary such as Philip join our executive leadership team at TSYS,” said Joseph in the release. “His global experience, his work across the full spectrum of payments and especially his extensive knowledge of the acquiring industry will be tremendous assets as we continue the growth of our merchant business.”
McHugh has more than 20 years of experience in international banking and payments. Most recently, he served as chief executive officer of Barclaycard Business Solutions. Prior to being CEO, he was chief financial officer for Barclaycard. McHugh also spent 10 years with Citigroup covering Latin America, including management roles with its credit card division in Brazil.
“Anyone who has worked in payments knows TSYS as a true leader in the space with a reputation of always focusing on their customers. They have great people, a great culture and exciting plans to grow,” said McHugh in the same press release. “I feel very privileged to join Pam and the rest of the TSYS team in continuing to build an amazing business.”
The appointment of McHugh comes just days after TSYS inked a long-term renewal of its payment services agreement with BBVA Compass in which it will continue to process the bank’s consumer, commercial and small business credit card portfolios. In a press release, TSYS said it will also continue to provide other services to BBVA Compass, including card and statement production, fraud and risk management, web and mobile service support and other services.