TSYS (NYSE: TSS) appear today it has active a abiding arrangement addendum with Regions Bank to abide accouterment processing casework for the bank’s chump and baby business acclaim agenda portfolios. As allotment of the new agreement, TSYS will additionally activate accouterment processing casework for Regions’ bartering acclaim agenda portfolio, and will abutment the bank’s bartering ePayables alms through TSYS’ Basic Acquittal Precept (VPP) belvedere — a cardinal basic agenda payables band-aid for B2B payments.
TSYS’ VPP enables the bearing of secure, virtual, single-use annual advice in real-time with added ascendancy over annual and transaction parameters. It reduces risk, improves operational ability and makes it easier for both accounts payable and accounts receivable to accommodate transactions. Basic cards alter primary annual numbers on concrete purchasing cards, authoritative them a flexible, defended acquittal adjustment that allows businesses to abode austere banned about what anniversary basic annual cardinal can be acclimated for back authoritative a purchase.
“We accept formed with TSYS for abounding years and are actual accustomed with the company’s charge to addition and chump service, as we aggrandize our accord into the bartering agenda business,” said Brett Couch, arch of Regions Procurement and Corporate Real Estate. “We’re aflame to accept new opportunities to abound that allotment of our business application TSYS’ accurate payables belvedere and cartoon on their acquaintance in the bartering agenda market.”
“We are captivated that Regions has absitively to not alone abide accomplishing business with us, but additionally accretion our accord to accommodate articles and casework for their bartering agenda business,” said Gaylon Jowers, admiral of Issuer Solutions, TSYS. “Our bartering offerings affection a best-in-class payables belvedere that will acquiesce Regions to accomplish basic cards an important allotment of their operations affective forward.”
Terms of the abiding acceding were not disclosed.
About Regions Financial Corporation
Regions Financial Corporation (NYSE: RF), with $125 billion in assets, is a affiliate of the S&P 500 Index and is one of the nation’s better full-service providers of chump and bartering banking, abundance management, and mortgage articles and services. Regions serves barter beyond the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates about 1,500 cyberbanking offices and 2,000 ATMs. Additional advice about Regions and its abounding band of articles and casework can be begin at www.regions.com.
TSYS® (NYSE: TSS) is a arch all-around payments provider, alms seamless, defended and avant-garde solutions beyond the payments spectrum — for issuers, merchants and consumers. We accomplish because we put bodies and their needs at the affection of every accommodation to advice them alleviate acquittal opportunities. It’s an access we alarm People-Centered Payments®.
Our address are amid in Columbus, Ga., U.S.A., with about 13,000 aggregation associates and bounded offices beyond 13 countries. TSYS generated acquirement of $4.9 billion in 2017, while processing added than 27.8 billion transactions. We are a affiliate of The Civic 50 and were called one of the 2018 World’s Most Ethical Companies by Ethisphere magazine. TSYS is a affiliate of the S&P 500 and commonly posts all important advice on its website. For more, visit tsys.com.
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