COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) today announced it has signed a payments agreement with Atlanticus to support its loan origination platform, Fortiva, extending a 17-year relationship.
“For more than 17 years, Atlanticus and TSYS have delivered industry leading, consumer friendly financial services to our customers,” said Jeff Howard, chief executive officer of Fortiva. “Working together has enabled us to serve more than 17 million customers and fund over $25 billion in loans. Throughout our history, TSYS has been an integral part of our success and we look forward to our continued relationship.”
“We are pleased to once again extend our relationship with Atlanticus and Fortiva, as they have been a valued TSYS client for many years,” said Bill Pruett, president of TSYS’ North America Services segment. “We will continue to work with them to ensure we are providing the cardholder solutions and outstanding customer service that they expect from TSYS, and that we help them in any way we can to continue to grow their business.”
As part of the agreement, TSYS will continue to provide Atlanticus and Fortiva with additional services such as card and statement production as well as fraud prevention and risk management.
Financial terms of the long-term agreement were not disclosed.
Atlanticus Holdings Corporation (NASDAQ: ATLC) is a financial holding company with investments primarily in companies focused on providing financial services. Through its operating subsidiaries Atlanticus endeavors to offer a broad array of valuable financial products and services related to personal loans, retail credit, credit card lending, auto lending, loan servicing and portfolio acquisitions.
Fortiva, a wholly owned subsidiary of Atlanticus Holdings Corporation, is the leading provider of consumer loans dedicated to helping customers with less than perfect credit achieve their dreams. With 20 years of underwriting experience and having funded over $25 billion in less-than-prime loans, Fortiva’s family of brands includes: Fortiva Retail Credit, Fortiva Personal Loans and Fortiva Credit Card. Across all of its brands, Fortiva leverages instant decisioning capabilities, deep underwriting and a paperless process to provide a best-in-class program for its partners and low-cost alternatives to its customers. Headquartered in Atlanta, GA, Fortiva serves customers throughout the United States, Puerto Rico and the U.S. Virgin Islands. And, through Fortiva Retail Credit, serves clients in a number of industries including Home Improvement, HVAC, Furniture, Electronics, Elective Medical, Dental and Educational Services. Visit us at www.fortivafinancial.com.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief People-Centered Payments®. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2015 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, visit us at www.tsys.com.