Lloyds Banking Group has renewed its agreement with payment solutions provider TSYS to continue to process the bank’s UK commercial card portfolio.
TSYS will continue to process the Lloyds Banking Group’s portfolio on the TS2 Commercial platform following the contract extension.
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It will also provide additional customer services to the bank through TSYS Managed Services including customer servicing, collection and fraud management.
Lloyds Banking Group head of commercial cards Jennie Hill said: “Having worked with TSYS since 2007, we are continually shown the strength and resiliency of TSYS’ commercial card platform. We look forward to continuing to work with TSYS, benefiting from the continued investment in the platform so we can offer the best solutions for our customers.”
TSYS International group executive Rob Hudson said: “Lloyds Banking Group is a key commercial card issuer in the UK and helps us to continue our position as the leading European commercial card processor. We will continue to support Lloyds Banking Group and work together to further grow the business and our relationship.”
Lloyds Banking Group, which was formed in January 2009, has the largest private shareholder base in the UK. The group has more than 30 million customers and approximately 75,000 employees. Operating a multi-brand strategy, the group’s main brands include: Lloyds Bank, Bank of Scotland, and Halifax, and has more than 2,000 branches throughout the UK.
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By GlobalData
