As part of the new agreement, Advanzia will convert its portfolio from TSYS’ Prime platform to its TS2 processing platform.
Advanzia issues over 1.5 million MasterCard credit cards to consumers in both Luxembourg and Germany, transacting all of its business online with no physical bank branches.
Advanzia Bank CEO Marc Hentgen said that this conversion is the largest and probably most critical project for Advanzia so far. TSYS has a proven track record, which gives the bank confidence that they will be able to migrate the portfolio without any impact to cardholders.
TSYS managing director of Europe Bob Evans said that the TS2 platform will enable the bank to take advantage of the latest developments that are required in the markets in which they operate.
Terms of the multi-year agreement were not disclosed.
