TSYS has signed a multiyear contract with DaimlerChrysler Services North America (DaimlerChrysler Services), the financial services arm of DaimlerChrysler AG, to provide processing for the company’s new co-branded Rewards Visa consumer credit card portfolio in the United States.
Under the agreement, DaimlerChrysler Services will utilize turnkey services through the TSYS family of companies for every component of its new consumer credit card business. TSYS furnishes the consumer card processing, collections and customer service. Columbus Bank and Trust, a subsidiary of Synovus Financial Corp., TSYS parent company, will provide funds settlement for cards.
DaimlerChrysler Services will offer brand-specific credit cards to Chrysler, Jeep and Dodge owners. Cardholders will earn one point for every dollar in purchases charged to the card and bonus points for purchases at partners including Chrysler, Jeep and Dodge dealerships. Points can be redeemed for certificates which are used in dealerships like cash for items such as dealership services, quality Mopar parts, a down payment on a new or used vehicle, or even an extended service contract.
DaimlerChrysler Services will offer cards on a pre-approved basis to approximately five million owners throughout the USA, as well as through credit card applications available at dealerships early this month. The accounts will be processed on TS2(R), TSYS’ state-of-the art processing system, allowing for increased functionality and client driven versatility.
About DaimlerChrysler Services North America
DaimlerChrysler Services North America provides brand specific financing for automotive dealer inventories and retail consumers and does business as Chrysler Financial, Mercedes-Benz Credit and Freightliner Financial. It serves as the headquarters for the operations in the United States, Canada and Mexico and has over 5,000 employees who manage a portfolio of $85 billion with nearly 4 million contracts. DaimlerChrysler Services North America is a division of DaimlerChrysler Services AG, located in Berlin, Germany.
TSYS ([http://www.tsys.com]) brings integrity and innovation to the world of electronic payments. TSYS serves as the integral link between buyers and sellers in the rapidly evolving universe of electronic payments. With more than 200 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, smart chip and retail cards anytime, anywhere through any medium or portal. TSYS and its family of companies offer a full range of acquiring and issuing services from accepting and settling electronic payments for goods and services, to credit applications, bankruptcy and collections. Based in Columbus, Ga., TSYS processes for 23 countries, in 14 currencies, in four languages and maintains operations in Canada, Mexico, Japan, and the United Kingdom. TSYS is an 80.8-percent-owned subsidiary of Synovus Financial Corp. ([http://www.synovus.com]), No. 8 on FORTUNE magazine’s list of “The 100 Best Companies To Work For” in 2001. For more information, contact firstname.lastname@example.org .