Payment technology and software solutions firm Global Payments has signed a multi-year payments agreement with TD Bank Group in the US, through its issuer solutions business TSYS.
Under the agreement, TSYS will continue to offer a range of processing and support services for TD Bank’s consumer and commercial card portfolios.
TSYS’ payments processing platform has been utilised by the banks since 2005.
Financial terms of the agreement have not been disclosed.
TD Bank Group, which includes TD Bank in Canada and TD Bank, America’s Most Convenient Bank, said to serve around 26 million customers and has over 14 million active digital customers.
TSYS Issuer Solutions president, and Global Payments senior executive vice president GaylonJowers said: “This important client renewal highlights the durability of our customer relationships globally and the importance of our market leading technologies as sophisticated and complex financial institutions accelerate the digitization of their critical businesses.
“The strategic, long-term working relationship between our companies enables us to better support TD Bank Group as its business continues to expand, and we look forward to maintaining a high level of service and providing cutting-edge solutions for their customers for many years into the future.”
Global Payments acquired TSYS last year for $21.5bn in an all-stock deal.
In May, US-based based bank holding company Truist Financial signed a long-term partnership deal with Global Payments for credit card processing services.