Total System Services Inc. will continue to process payments for U.K.-based Nationwide Building Society, considered the largest building society in the world based on its assets and 15 million members.
TSYS will process Nationwide's U.K. consumer payment card portfolio and support all of its payment operations, the Columbus, Ga.-based payments processor announced May 29.
Nationwide has used TSYS' outsourced payments processing TS2 software since 2008, providing financial services to more than 2 million cardholders.
"Nationwide continues to enjoy the flexibility and power of TS2, which has enabled
us to grow our business while still maintaining the high standard of service our customers expect," Adam Slater, senior manager of credit card for Nationwide Building Society, states in a press release.
TSYS is a major player in the U.K. consumer payments market, and retaining Nationwide as a key client reinforces the company's market leading position, Kelley Knutson, TSYS' executive vice president, says in the release.
"The strong relationship between our two companies enables us to better support Nationwide as its business continues to expand," Knutson adds.
TSYS did not disclose terms of the agreement.