Printer Friendly

Navy Federal Renews TSYS Processing Agreement.

COLUMBUS, Ga. -- Navy Federal Credit Union and TSYS announced today an agreement to renew their longstanding relationship to continue offering credit card processing products to members, as a major component of Navy Federal's consumer and credit card lending operation.

"Navy Federal's credit card program has been recognized in independent consumer reviews as one of the best in the country," said David Tillery, senior vice president, Consumer and Credit Card Lending for Navy Federal Credit Union. "The rich functionality and capabilities TSYS brings our business will help us continue to build our program and strengthen our cardholder relationships."

TSYS provides core processing services for Navy Federal's Visa([R]) and MasterCard([R]) credit card products. Services provided under the agreement include statement processing, card embossing, accounting and settlement, fraud prevention services, member service and collection operating systems, correspondence and risk mitigation. TSYS Loyalty provides tailored marketing and program design, analytics, rewards processing, redemption and fulfillment solutions that serve the unique needs of Navy Federal's members participating in nRewards([R]), goRewards([R]) and Flagship credit card programs. TSYS supports more than 850,000 active credit card accounts at Navy Federal.

"Our relationship with Navy Federal is one we're extremely proud of, and we're excited to have the continued opportunity to help them grow their card business," said M. Troy Woods, president and chief operating officer for TSYS. "This agreement is a strong indicator of the confidence our clients have in the service and innovative technology TSYS delivers."

About Navy Federal Credit Union

Navy Federal Credit Union is the world's largest natural person credit union with $39 billion in assets, 3.2 million members, 175 branch offices, and 7,100 employees worldwide. The credit union serves all Department of Defense military and civilian personnel and their families. For additional information about Navy Federal, visit

About TSYS

TSYS (NYSE: TSS) is one of the world's largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, debt management, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contact or log on to TSYS routinely posts all important information on its website.

COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 20, 2009
Previous Article:Chemed Corporation Announces Its Nominees for Election at 2009 Annual Meeting, Including the Addition of Two New, Highly Qualified Independent...
Next Article:Application Security, Inc. Announces AppDetectivePro 6.0: User Rights Review for Auditors and IT Advisors.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters