TSYS extends credit card pact with U.K.'s Tesco Bank

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Total System Services has extended a multi-year agreement to support Tesco Bank's credit card business in the U.K.

Tesco Bank, which markets its services to people who shop at Tesco grocery stores, provides 8.1 million bank accounts and insurance policies to customers, according to a Tuesday press release. It uses the TS2 platform from TSYS for customer account management. The companies did not disclose other terms of their deal.

“This is a great example of how TSYS values long term client relationships,” said Rob Hudson, group executive of TSYS International, in the release. “Tesco’s market-leading retail experience together with TSYS’ payments expertise has proven to be a dynamic combination in providing an outstanding cardholder experience.”

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