News

TSYS, Lloyds re-up card processing agreement

July 19, 2016

Lloyds Banking Group, a U.K.-based provider of retail banking services, has renewed its agreement with TSYS for processing of the bank's U.K. commercial card portfolio.

TSYS will continue to process the Lloyds Banking Group's portfolio on the TS2 Commercial platform, and will provide additional customer services — including customer servicing, collection and fraud management — through TSYS Managed Services, a press release said.

"Having worked with TSYS since 2007, we are continually shown the strength and resiliency of TSYS' commercial card platform," said Jennie Hill, head of commercial cards at Lloyds Banking Group. "We look forward to continuing to work with TSYS, benefiting from the continued investment in the platform so we can offer the best solutions for our customers."

According to the press release, the Lloyd's group serves more than 30 million customers through a multibrand strategy with financial institutions that include Lloyds Bank, Bank of Scotland and Halifax. The group operates 2,000 branches throughout the U.K., the release said.