TSYS, the global credit-card processor based in Columbus, announced Tuesday that it has extended its exclusive contract agreement with Canadian Tire Financial Services to provide processing and other payment card program services.
Canadian Tire is a family of businesses that includes retail, financial services and real estate investment trust. In a release, TSYS said the multi-year extension includes Canadian Tires MasterCard branded and private label retail portfolios.
TSYS provides Canadian Tire with many additional services outside of traditional issuer processing. It also provides fraud and risk management, portfolio analysis and a rewards and loyalty program. Canadian Tire has been a client of the credit-card processor since 1998.
Bonnie Agosthino, vice president of CTC and CTFS Delivery for Canadian Tire, said TSYS has been a great partner through the years, working closely with the company to understand its needs. Their commitment to technology and customer service helps us better serve our customers now, and we are confident TSYS will continue to do so in the future, she said.
Bill Pruett, president of the North America services segment for TSYS, said Canadian Tire is one of the longest tenured clients in the Canadian market. As one of the marquee brands in Canada, its important to us that they have a flexible, innovative payments program that meets the needs of their customers throughout the country," he said.