Payments giant Visa has entered into a seven-year partnership agreement with Irish financial services provider Permanent TSB (PTSB) for a new card portfolio.
The partnership is an extension of Visa and PTSB’s already existing card-issuing contract.
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Visa provides all consumer debit and credit cards as well as commercial debit cards issued by PTSB bank to its customers.
Permanent TSB said that the extended card portfolio contract with Visa will allow the bank to create and offer new digital payments solutions to cardholders.
The contract will also enable cardholders to continue availing the GoRewards loyalty offer provided by the bank.
Permanent TSB, a subsidiary of Permanent TSB Group Holdings, is a credit institution licensed and regulated by the Central Bank of Ireland (CBI).
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By GlobalDataCommenting on the partnership, Permanent TSB retail banking director Patrick Farrell said: “We have chosen to partner with Visa because of their combination of market-leading innovation, security and acceptance, building on a successful relationship that spans more than a decade.”
Visa Ireland country manager Philip Konopik said: “We are delighted to renew our relationship with Permanent TSB, having facilitated payments across the bank’s consumer and commercial card portfolio since 2010.
“Our innovative solutions such as our Card Linked Offers platform are helping to power Permanent TSB’s digital transformation strategy, as well as helping to boost loyalty and attract new customers.”
