TSYS (TSS) Signs Agreement with Citibank (C)
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TSYS (NYSE: TSS) announced that China UnionPay Data Services Co., Ltd. ("CUP Data"), TSYS' joint venture with China UnionPay ("CUP"), has signed a debit card processing agreement with Citibank (China) (NYSE: C).
"Signing this agreement with Citi China is another example of how we continue to develop and strengthen our payment processing expertise," said Mr. Chai Hong Feng, chief executive officer of CUP Data. "We are excited to support Citi China in offering its customers a convenient and reliable debit card product."
TSYS is one of the world's largest companies for outsourced payment services, offering a broad 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.
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