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TSYS inks payments deal with St Mary’s Bank

US based payment technology provider TSYS has inked a multi-year agreement with St Mary’s Bank to offer payments services for its consumer credit card portfolios.

St Mary’s Bank consumer lending director Steve Macek said the partnership will boost its consumer credit offerings capabilities leveraging TSYS’ flexible processing technology.

The technology provider also signed a similar agreement with Oregon Community Credit Union. Both credit unions will implement TSYS’ TS2 platform to boost their operating efficiencies.

Terms of the transaction have not been disclosed.

TSYS chairman and chief executive officer Philip Tomlinson said, "Our TSYS Program Solutions division has worked hard to develop an end-to-end solution that brings value to institutions of all sizes from community banks and credit unions to regional institutions and global banks."

Headquartered in Georgia, TSYS operates in 85 nations and provides merchant payment-acceptance technologies and services in credit, debit, prepaid, mobile, chip, healthcare, installments and money transfer, among others.

Established in 1908, St Mary’s Bank is a member owned credit union, which offers financial products and services to consumers and businesses.

Formed in 1956, Oregon Community Credit Union delivers investment services, credit and debit cards, and checking, savings, certificates and money market accounts.