Global Payments’ TSYS signs multi-year agreement with UMB Bank

By Megha Bhattacharya

Payment technology and software solutions provider Global Payments announced that TSYS, its Issuer Solutions business, has signed a multi-year agreement with UMB Bank, a subsidiary of UMB Financial Corporation. The collaboration will see TSYS offering a range of processing and support services for UMB Bank’s consumer and commercial credit, debit and healthcare card portfolios.

“We selected TSYS because of their commitment to technology and continued investment in innovation,” said Uma Wilson, Executive Vice President and Director of Product Management at UMB. “Building a better customer experience through digital enablement across all our platforms combined with scalability is important as we continue to grow our business.”

Headquartered in Kansas City, Missouri, UMB offers commercial banking services, including comprehensive deposit, lending and investment services, personal banking services such as wealth management and financial planning services, and institutional banking services which includes asset servicing, corporate trust solutions, investment banking, and healthcare services.

“We’re excited about this new partnership with UMB Bank, a financial institution with an outstanding reputation and wide array of offerings,” said Gaylon Jowers, President, Issuer Solutions and Senior Executive Vice President, Global Payments. “Our leadership in developing innovative products and driving digital growth, along with our commitment to partnership and passion for customer service, were integral in making this strategic win possible.”

Recently, Global Payments announced an expansive multi-year partnership with Google to deliver innovative cloud-based products and capabilities, enabling best-in-class digital merchant customer experiences globally. Global Payments will be migrating its merchant acquiring technology to Google Cloud, and will provide merchant acquiring services to Google to extend its global market reach. By this integration, Global Payments is looking forward to maintaining the highest level of reliability, scalability, and security, while boosting its speed of innovation and ability to seamlessly deploy transaction services on-demand worldwide. Additionally, the companies will be launching a series of strategic go-to-market and co-sell activities together.