Mexican banking company Banco INVEX has renewed its payments agreement with TSYS, a US-based credit card processor.

The new multi-year agreement will cover processing services for INVEX’s consumer and commercial credit card portfolios.

Under the extended deal, TSYS will continue to provide INVEX with services including data analytics, fraud prevention and risk management tools.

INVEX head of the card business Jean Marc Mercier said: "We look forward to continuing our business relationship with TSYS, and are excited about consolidating our consumer line of business onto the more robust TS2 platform."

TSYS president of the North America services segment Bill Pruett said: "INVEX has been a valued client for more than 10 years, and this renewal is an example of our ongoing commitment to the Latin American market as we move forward and look for ways to continue our growth in the region as well as the support of our existing client base."

Financial terms of the transaction have not been disclosed.