TSYS Extends Deal To Process Lloyds Banking's UK Commercial Card Portfolio

(RTTNews) - Total System Services Inc. or TSYS (TSS), a payment solutions provider, announced Wednesday that Lloyds Banking Group plc (LLOY.L, LYG) has renewed its agreement with TSYS to continue to process the bank's UK commercial card portfolio.

TSYS, which has worked with Lloyds Banking since 2017, said it will continue to process the Lloyds Banking's portfolio on the TS2 Commercial platform, whilst also providing additional customer services through TSYS Managed Services including customer servicing, collection and fraud management.

Lloyds Banking has more than 30 million customers and approximately 75,000 employees.

Rob Hudson, group executive, TSYS International, said, "Lloyds Banking Group is a key commercial card issuer in the UK and helps us to continue our position as the leading European commercial card processor. We will continue to support Lloyds Banking Group and work together to further grow the business and our relationship."