TSYS Signs Multi-Country Payments Agreement with Scotiabank

TSYS (NYSE: TSS) announced today that it has signed a multi-year, multi-country agreement to provide Scotiabank (NYSE: BNS) with both issuing and acquiring processing services on the TS Prime® platform from TSYS’ Latin American Data Centre in Brazil. As part of the agreement, Scotiabank will convert its consumer card and acquirer portfolios in Costa Rica and Panama to TSYS’ market-leading TS Prime processing solution. In addition to processing services, TSYS will also provide fraud, risk and portfolio management tools.

“This agreement underpins the next phase of our growth strategy within the Latin American region, offering cross-border processing services on our modern, agile, server-based TS Prime platform from our regional hub in Brazil,” said Ross Stewart, general manager of TSYS Latin America. “We look forward to building on this partnership with Scotiabank throughout the region, supporting both their issuer and acquirer businesses with technology and a service model attuned to their diverse markets.”

The TS Prime processing platform for Latin America is another strategic service from TSYS’ PRIMESM Business Solutions, which offers licensing, processing and hybrid managed service propositions to international markets.

About TSYS

TSYS® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.

Our headquarters are located in Columbus, Ga., U.S.A., with approximately 11,500 team members and local offices spread across 13 countries. TSYS generated revenue of $4.2 billion in 2016, while processing more than 25.5 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World's Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170928005343/en/

TSYSMedia Relations:Cyle Mims, [e-mail] Relations:Shawn Roberts, [e-mail]