COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) today announced it has signed an agreement with CreditShop LLC, a consumer finance company, to support its new credit card program. CreditShop recently introduced the new Mercury Mastercard to complement its existing personal loan products. In addition to card processing services, TSYS will also provide card production, fraud and risk management, and customer service support.
“We chose TSYS as our payment services partner after thoughtfully considering all options. Their world class processing platform and ability to support product innovations are key things that we intend to leverage as we grow our business,” said Dan Duncan, Chief Executive Officer, CreditShop.
“It’s always exciting to provide innovative products and services to new customers looking to expand their businesses,” said Allen Pettis, Executive Vice President and Chief Customer Officer, Issuer Solutions, TSYS. “With our experience in the credit card industry, and our reputation of outstanding customer service, we know that we can help CreditShop achieve their goal of providing better card products to underserved consumers.”
Terms of the long-term agreement were not disclosed.
TSYS® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our headquarters are located in Columbus, Ga., U.S.A., with approximately 12,000 team members and local offices across 13 countries. TSYS generated revenue of $4.9 billion in 2017, while processing more than 27.8 billion transactions. We are a member of The Civic 50 and were named one of the 2018 World's Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.
CreditShop LLC is a consumer finance company that develops and services credit cards and personal loans for near-prime and sub-prime consumers. CreditShop is currently the 24th largest servicer of Mastercard and Visa cards in the U.S. The company has offices in Austin, Texas and Wilmington, Delaware. For more information, please visit www.creditshop.com.