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TSYS to offer payment processing services to Standard Bank

TSYS, a provider of outsourced payment services, has announced the completion of a contract to provide Standard Bank of South Africa with card issuing, merchant acquiring and related payment services for the multiple countries across Africa in which it operate.

Standard Bank’s issuer cardholder accounts and acquirer merchant accounts will be processed on TSYS’ global single source, multi-client processing solution supporting multiple countries, languages, currencies, functional requirements, regional infrastructure and regulations.

Barry Fergus, card director for African region at Standard Bank, said: We feel that TSYS’ technologies provide the versatility and scalability Standard Bank needed to continue to grow our presence in Africa.