Bank / Credit Union

Global Payments to provide credit card processing for Truist Financial

photo provided by iStock

May 6, 2020

Global Payments Inc., a payment technology and software solutions provider in Atlanta, Georgia has announced that TSYS, the company's issuer solutions business, has signed a long-term agreement with Truist Financial Corporation to process consumer, commercial and small business credit cards.

Truist, the sixth largest U.S. commercial bank, will have access to TSYS' card and statement production capabilities and TS2, the company's processing platform, according to a press release.

Prior to SunTrust's merger with BB&T in 2019, to form Truist Financial, SunTrust had been a longtime TSYS customer.

"The decision to select Global Payments and TSYS as critical strategic partners in our payments business aligns with our commitment of creating better financial experiences that we set forth when Truist was formed," said Brad Strock, executive vice president, card and direct to consumer lending for Truist, in the release.

Truist's conversion-related activities utilizing TSYS services will begin in late 2021.