US-based credit card processor TSYS has renewed its payments agreement with Advanzia Bank, a credit card issuer in Luxembourg.

As per terms of the renewed agreement, TSYS will continue to process the bank’s consumer credit card portfolio.

Furthermore, TSYS will provide additional services including fraud and risk management, verification and contactless card support.

Advanzia manages a portfolio of MasterCard credit cards across the Luxembourg, German, French and Austrian markets, transacting all of its business online. Advanzia has been a TSYS client since 2006.

Advanzia Bank CEO Marc Hentgen said: “TSYS’ options-driven platform continues to give us the flexibility we need to grow and operate in a number of markets across Europe. We’re confident that its global experience will contribute to rapid growth within our card portfolios.”

TSYS International group executive Rob Hudson said: “Our TS2 platform continues to facilitate Advanzia’s expansion by keeping them on top of the latest developments across their industry.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We have enjoyed a great relationship for the last decade, and look to continued success with them in the future.”

Terms of the multi-year agreement have not been revealed.