Business Services Industry
BANK ONE SELECTS TSYS TO UPGRADE CREDIT CARD PROCESSING.
AsiaPulse News, March, 2003
(Full text of a statement. Contact details below.)
CHICAGO, Ill and COLUMBUS, Ga., March 3 /PRNewswire-FirstCall-Asianet/-- Largest Issuer of Visa Credit Cards Will Insource Processing in 2006
Bank One Corporation (NYSE: ONE) has selected TSYS (NYSE: TSS) to upgrade and eventually insource its credit card processing. The agreement provides for Bank One to move to the TS2 technology platform when its contract with First Data Corporation (NYSE: FDC) ends in 2004.
(Photo: http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO )
Under the unique agreement with TSYS, Bank One would shift its credit card processing to the TS2 platform in mid 2004 and TSYS would maintain all card processing functions, such as account transaction information,...
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