Global Payments Inc. (NYSE: GPN), a worldwide provider of payment technology and software solutions, announced on Tuesday its Issuer Solutions business, TSYS, has renewed its agreement with Wells Fargo Bank. Through the agreement, TSYS will continue to provide a range of processing and support services for the bank’s commercial card portfolio. Wells Fargo has notably utilized TSYS’ payments processing platform since 1995.
Speaking about the renewal agreement,Mary Mazzochi, Senior Vice President and Manager, Commercial Card Product Suite at Wells Fargo, stated:
“We continue to benefit from the flexibility and power of TSYS’ innovative payments solutions, along with the support of Global Payments, as we look to further simplify, streamline and digitize the overall experience for our commercial card customers.”
Gaylon Jowers, President, TSYS Issuer Solutions and Senior Executive Vice President of Global Payments, went onto add:
“We have had a great relationship with Wells Fargo for many years, and this agreement provides further validation of our market leading technologies, products and services for commercial payments that clients have come to expect from our company.”
Global Payments Inc. (NYSE: GPN) describes itself as a pure-play payments technology company delivering innovative software and services to its customers globally. The company noted its technologies, services, and employee expertise enables it to provide a broad range of solutions that allow its customers to operate their businesses more efficiently across a variety of channels around the world.
Terms of the agreement were not disclosed.