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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