The agreement marks Tsys’ entry into the Italian market while also providing full connectivity to the domestic bank network and local clearing houses. This relationship aligns with Tsys’ strategy to expand its capabilities across Europe as a pan-European processor.
Fabio De Ferrari, GM of Cedacri, said: “Cedacri was looking for a true partner to help offer our banking clients issuing services and card processing services. Tsys has the right solution with TS Prime, strong experience across Europe and an interest to invest and develop together in the Italian market, enabling growth for our clients.”
Bob Evans, group executive of Tsys, said: “The payments environment in Italy is changing, with banks looking for alternatives to the traditional in-country processors. Italy is a key European market and this partnership with Cedacri provides a great foundation for Tsys to develop its long term presence in this region.”
Tsys is a provider of outsourced payment services, offering issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions.