The Austin, Texas-based BancVue Ltd, a product development and marketing company that serves community financial institutions, announced a strategic partnership Sept. 7 with TSYS, one of the world's largest outsourced payment services companies. BancVue will provide TSYS' electronic payment services to community financial institutions and will be announcing further details of product plans in the near future, according to a company release.
"We couldn't be more excited to bring TSYS' best-in-class card products to the community financial institutions marketplace," said Gabriel Krajicek, chief executive officer of BancVue. "This partnership will go a long way toward supporting our mission of bringing innovative and market-ready products that empower our clients to offer card products that are competitive with the megabanks."
The news follows a Sept. 2 release that announced BancVue had acquired a credit card portfolio from the FDIC representing nearly 700 agent bank relationships. The purchase effectively doubled BancVue's client base.
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