Total System Services (TSS) said it has signed a new long-term agreement with U.S. Bank. As part of the agreement, TSYS will continue to support the bank's commercial card payment services, as well as become its exclusive partner in providing card processing services for the bank's Consumer Directed Healthcare, or CDH, benefit cards, issued by its Healthcare Payment Solutions business line. Terms of the multi-year agreement were not released.
The CDH agreement will allow U.S. Bank cardholders to eventually access multiple spending accounts, cash and lines of credit from a single card.
U.S. Bancorp (USB), with $264 billion in assets, is the parent company of U.S. Bank.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.