TSYS Signs Processing Agreement with PartnersFirst

TSYS announced an agreement with PartnersFirst Affinity Services, a division of Torrey Pines Bank, to process its consumer credit card portfolio. In addition to core processing, PartnersFirst will leverage TSYS’ gold-standard technology for online credit card services and instant application; card, statement and letter production; and a full suite of customer care offerings.

The partnership between TSYS and PartnersFirst offers consumers a full spectrum of credit card services for the small and mid-sized affinity partner market.

“We are delighted to leverage TSYS’ superior state-of-the-art technology,” said Kevin Skirde, chief operating officer of PartnersFirst. “We take pride in being a market leader in customer affinity marketing, and believe this strong relationship with TSYS will bring the next level of affinity card services to our partners.”

“The customization, service quality and innovation of PartnersFirst are three important hallmarks that make them a great partner to do business with,” said M. Troy Woods, president and chief operating officer of TSYS. “Because of the ever-increasing popularity of affinity groups with many different interests, we feel this model is one that will benefit PartnersFirst and TSYS for years to come.”

Terms of the agreement were not disclosed.

PartnersFirst offers an innovative, partner-centric model serving affinity groups across a wide range of special interests and affiliations, including colleges and universities, professional associations, sports, outdoor sporting and wildlife conservation organizations, and many more. PartnersFirst brings a full spectrum of credit card services to the small and mid-sized affinity partner market, incorporating the major network associations, world-class processing platforms, and state-of-the-art targeted marketing capabilities. PartnersFirst Affinity Services is a division of Torrey Pines Bank.

TSYS (NYSE: TSS) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, debt management, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions.