TSYS has inked a deal with Scotiabank’s direct banking arm Tangerine to offer processing and risk management services for the bank’s new consumer credit card portfolio.
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Tangerine, previously ING Direct, was rebranded following its acquisition by Scotiabank in 2014.
The bank now provides the new Tangerine money-back credit card, which helps users earn 2% money-back rewards on all purchases in two categories of their choice as well as 1% money-back rewards on all other purchases, without any annual fee.
TSYS North America services segment president Bill Pruett said: "The Canadian market is important to our North American strategy.
"We are committed to a long relationship with Tangerine providing innovative products and services that give their accountholders more accessibility and flexibility while delivering the superior service their customers deserve."
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By GlobalDataTangerine president and CEO Peter Aceto added: "We are pleased to be working with TSYS as a trusted partner to provide our new Money-Back Credit Card to Canadians. Their experience and expertise will serve us well as we move forward with our revolutionary new card that allows Canadians to spend and save at the same time."
Both the parties have not disclosed financial terms of the agreement.
