Company to Support Virgin Money’s Debit Cards in the UK
TSYS (NYSE: TSS) today announced thatit has reached a long-term agreement to provide debit processing services for Virgin Money customers within the United Kingdom. Virgin Money previously selected TSYS’ market leading TS2® platform to support its UK cards portfolio.
Virgin Money is a UK-based retail bank, providing savings, mortgages, credit cards, current accounts, currency services, pensions, as well as investment and protection products to over three million customers across the UK. TSYS will provide a flexible and reliable card processing solution for Virgin Money.
Mark Parker, chief operating officer for Virgin Money, said, “After the successful implementation of our credit card operation, TSYS has been selected to provide our debit card services having demonstrated they can provide a similar secure and resilient solution to support our current account proposition. We are building a flexible solution to enable us to issue contactless MasterCard debit cards and the new TSYS solution will help us to improve our service to current account customers and help them manage their money more easily.”
Kelley Knutson, executive vice president of TSYS’ International Services segment, said, “We are excited to broaden our already successful relationship with Virgin Money. The combination of our experience in international markets and the strength of the Virgin brand will continue to ensure the future growth of their card business. TSYS strives to develop and maintain strong relationships with key issuers in the UK and across Europe, and it is a privilege to work with high-profile, and capable, companies such as Virgin Money.”