TSYS, a payment technology company, has inked a multi-year payment agreement to offer payment processing services for FirstBank Puerto Rico’s consumer credit card portfolio.
The technology company said that FirstBank Puerto Rico has been its long-term client, with a relationship since 1980.
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Earlier to this agreement, TSYS had provided processing for the bank’s commercial card and debit card portfolios.
Additionally, FirstBank Puerto Rico has also contracted TSYS to provide fraud prevention, risk management and full customer support.
FirstBank Puerto Rico executive vice president and business group executive, Cassan Pancham, said: "When we made the decision to reacquire our consumer credit card portfolio from FIA Card Services, we were looking for the solution that best fit our current needs while allowing for future growth and innovation.
"We came to the conclusion that the best choice for us was TSYS, our long-time partner and an industry leader with a track record of success with our products."
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By GlobalData
