TSYS, a US-based credit card processor, merchant acquirer and bank credit card issuer, has inked a multi-year renewal agreement with U.S. Bank.

Under the terms of the agreement, TSYS will continue to support the lender’s commercial card payment services in the US, Europe and Canada.

TSYS will also support the acquiring business of the US-based bank as part of the agreement.

TSYS executive vice president for relationship management Keith Pierce said: "U.S. Bank has been a valued TSYS client for more than 25 years, and we are excited to continue this relationship for many years to come.

"Our relationship has expanded through the years allowing us to work together in a far more comprehensive way as we find ways to help U.S. Bank grow its business and better serve its cardholders."

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