Under the terms of the deal, TSYS is to manage almost 1.5 million card accounts for Deutsche Bank. According to the companys representatives, the former is to add the accounts to its system in Q2 2009.
TSYS is a company for outsourced payment services, which provides issuer- and acquirer-processing technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies in North America, Europe and Asia Pacific. Deutsche Bank is present in 75 countries and offices in Europe, the Americas and the Asia-Pacific region.
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