TSYS has entered an agreement to provide payment services to UK-based 118 118 Money’s new consumer credit card programme.
The UK lender, which introduced credit card scheme to complement its current loan products, selected TSYS to market the new product over the coming months.
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Under the agreement, TSYS will offer card processing services, customer service support as well as fraud and risk management solutions.
Commenting on the new programme, 118 118 Money chief marketing officer James Poole said: “The launch of the 118 118 Money Card signals a move from the brand to update its product offering to account for the needs of the digitally-savvy generation.
“Based on insights from our customers on what they want from their financial services provider, the unique new proposition has been designed and developed to address the needs for transparent and simple credit in the UK, while remaining extremely accessible and easy-to-use.”
TSYS group executive and managing director of International Markets, Rene Kruse noted: “TSYS supports 118 118 Money’s goal to be the financial services provider of choice for near-prime customers in the UK.
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By GlobalData“We feel 118 118 Money’s experience as a lender combined with our expertise in the payments world, will create a successful relationship for years to come.”
