Lloyds Banking Group has signed a three-year
outsourcing deal with digital technology and turnkey solutions
provider Parseq to deploy the vendor’s debit and credit processing
software.

The multi-million pound deal is a renewal of the
existing contract between the vendor and the Lloyds TSB and
will extend to the Halifax and  Bank of Scotland brands
within Lloyds Banking Group.

Lloyds TSB, Halifax and Bank of Scotland will deploy
Parseq outsourcing solution for debit and credit processing and
call centre support services to customers from all business
segments.

Rami Cassis, CEO of Parseq, said that the vendor will
handle transactions“ worth billions of pounds per annum over the
next three years”.