TSYS, a US-based credit card processor, has renewed its multi-year commercial payments agreement with Degussa Bank in Germany.

As per terms of the agreement, TSYS will provide a number of products and services to the corporate and business clients of Degussa Bank.

The bank delivers a low cost, efficient solution for its commercial clients.

TSYS has been providing services for the bank’s MasterCard and Visa products, as well as account decisioning and fraud and risk management services.

Commenting on the agreement, Degussa Bank chief digital officer Dieter Bourlauf said: “Their strong track record of success and stellar reputation in the commercial card industry, combined with the quality service we have experienced since our original conversion onto their platform, gives us confidence that they will continue to help our commercial card program grow and flourish.”

TSYS International group executive Rob Hudson said: “It is a great feeling when a valued client like Degussa Bank renews their agreement with TSYS.

“We established years ago that Germany was an important market to us, and with the Degussa Bank renewal and other recent renewals in the German market, TSYS proves how we can provide value in a number of different ways to German issuers.”