TSYS, a provider of payment services and B+S Card Service, a Germany-based provider of card payment solutions, have signed an agreement for TSYS to provide B+S Card Service with back-office merchant acceptance services across Europe.
TSYS’ TS Prime platform will be utilised, offering B+S Card Service a fully flexible, scaleable and enhanced cross-border merchant acquiring capability.
The conversion is planned for the first quarter of 2011 and will be supported from TSYS’ European datacenter, based in the UK. TSYS will also support B+S Card Service with risk and fraud detection and information management solutions.
Michael Pip, managing director of B+S Card Service, said: “As we continue to expand our presence across Europe, TSYS was selected as the right partner to assist us with further developing our innovative merchant acquiring capabilities. Through TSYS, we will be able to develop our existing business, expand into new markets and deliver the high-quality service that our customers expect.”
Bob Evans, group executive of TSYS International, said: “By working with B+S Card Service, TSYS intends to be a leader in the European acquiring market. TSYS has a strong presence in the issuing market across Europe, and this further enhances our offering and expands our presence at a time when the European payments market is seeing great changes.”
TSYS offers a range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, debt management, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions.
B+S is an associated company of the Deutscher Sparkassenverlag in Stuttgart and is a member of the Sparkassen-Finanzgruppe. The company provides a range of services to facilitate card payments.