TSYS inks contract with largest credit-card issuer in Luxembourg

The largest credit-card issuer in the European nation of Luxembourg has renewed its contract with card and payments processor TSYS.

Columbus-based TSYS said Tuesday that Advanzia Bank wants it to continue handling its consumer credit cards. It will also offer various other services to include fraud, risk management, verification and contactless card support.

Advanzia has MasterCard customers throughout Luxembourg, Germany, France and Austria. The bank was founded in 2005, with TSYS involved with it since 2006. Though contract details were not released by TSYS, the duration often is 10 years.

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TSYS does business in more than 80 nations around the world.

This story was originally published December 6, 2016 at 12:00 PM with the headline "TSYS inks contract with largest credit-card issuer in Luxembourg."