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TSYS Signs Payments Agreements With Two Credit Unions

Stocks in this article: TSS

TSYS (NYSE: TSS) today announced that it has signed a multi-year agreement with St. Mary’s Bank — the nation’s first credit union — to provide payments services for its consumer credit card portfolio.

“Partnering with TSYS to expand and enhance our consumer credit offerings seemed like a natural fit,” said Steve Macek, director of Consumer Lending, St. Mary’s Bank. “Their people-centered approach, coupled with the flexibility of their processing solution, was exactly what we were looking for in a partner.”

Earlier this year, Oregon Community Credit Union also entered into a long-term payments agreement with TSYS to include its consumer credit card portfolio.

“We are excited to add St. Mary’s Bank and Oregon Community Credit Union to the growing list of community and regional financial institutions that have chosen to bring their consumer credit card business to TSYS,” said Philip W. Tomlinson, chairman and chief executive officer of TSYS. “Our TSYS Program Solutions division has worked hard to develop an end-to-end solution that brings value to institutions of all sizes from community banks and credit unions to regional institutions and global banks.”

Financial terms of the agreements were not disclosed, but both credit unions will utilize TSYS’ industry leading TS2 ® platform.

About TSYS

TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.

TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks. For more information, please visit us at www.tsys.com.

About St. Mary’s Bank

Founded in Manchester, New Hampshire, in 1908, St. Mary’s Bank is the nation’s first credit union. As a not-for-profit, member-owned credit union, St. Mary’s Bank makes progressive financial products and services available and affordable to consumers and businesses. Members enjoy excellent service, competitive rates, low fees, and state-of-the-art banking services. Headquartered in Manchester, New Hampshire, St. Mary’s Bank has branches in Manchester, Hudson, Londonderry, Milford, and Nashua. Call 1-888-786-2791 or visit www.stmarysbank.com for more information.

About Oregon Community Credit Union

Oregon Community Credit Union, founded in Eugene, OR in 1956, is the second largest state-chartered credit union in Oregon, providing a full range of investment services; mortgages, auto and home equity loans; credit and debit cards; and checking, savings, certificates and money market accounts. Oregon Community Credit Union is headquartered in Eugene, OR and operates 10 branches in Eugene, Springfield and Salem, OR, serving more than 104,000 members. Membership is open to anyone who lives or works in Benton, Clackamas, Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington and Yamhill counties. Oregon Community Credit Union is an Equal Housing Lender and is Federally Insured by NCUA. Visit OregonCommunityCU.org for more information.

Copyright Business Wire 2010

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