TSYS announced today that it has signed an agreement with First Citizens Bank to exclusively manage its commercial and consumer credit card processing needs. The multi-year agreement also includes fraud detection services, as well as card and statement production. First Citizens Bank has been a client of TSYS Acquiring for more than 10 years. TSYS say they believe that First Citizens can leverage the technology to expand the size and profitability of its credit card portfolios. Terms of the multi-year agreement were not disclosed.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.