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Tsys Forms Strategic Alliance With Alaska Option

Tsys, a provider of outsourced payment services, has signed a multi-year strategic alliance agreement with Alaska Option to provide Visa and MasterCard credit and signature debit card programs, PIN-based ATM/POS network services, and fraud management solutions for credit unions.

The marketing alliance will offer credit and debit card services that will enhance the cardholder experience and provide additional revenue opportunities to credit unions. It will also allow institutions to reduce back office expenses through integrated settlement, dispute management and reconciliation processes.

Moreover, credit unions may now select to work with one payment provider for all of their card program and electronic funds transfer (EFT) payment needs.

Troy Woods, president and chief operating officer of Tsys, said: “Alaska Option is a well-respected, full service EFT network that we are proud to add as a partner with our Tsys Program Solutions division. We believe this relationship will enhance the product offerings of Alaska Option while creating additional opportunities for Tsys.”

John Shipe, president of Alaska Option, said: “Alaska Option is excited about its partnership with Tsys and our mutual ability to offer a comprehensive set of signature and PIN-based card services, ATM driving, and fraud management tools to credit unions and community banks. Our firms share a core set of values that center around providing outstanding service, convenience, and value to our customers.”