Benzinga | May 4, 2021 07:40AM EDT

Global Payments Reported Renewal Of Its Deal With Barclays US Consumer Bank, No Terms Disclosed

Global Payments Inc. (NYSE:GPN), a leading worldwide provider of payment technology and software solutions, today announced it has renewed its agreement with Barclays US Consumer Bank, a subsidiary of the UK-based worldwide financial services provider Barclays.

Through its TSYS Issuer Solutions segment, Global Payments will continue to provide a wide range of processing and support services for Barclays consumer and commercial credit card portfolios. Additionally, Barclays will also utilize TSYS Foresight Score, the award-winning fraud solution predicated on the use of adaptive machine learning to stay ahead of constantly changing fraud activity.

"We view this partnership as a vital part of our effort to drive digital enablement throughout our business," said Danny Nealon, Chief Executive Officer, Barclays US Consumer Bank. "Global Payments' commitment to innovation -- coupled with our proven track record of success -- made this the right choice for our business as we accelerate our efforts to provide innovative products and services that our partners and customers have come to expect."

"Our partnership with Barclays is a testament to Global Payments' market leading digital technologies," said Gaylon Jowers, President, TSYS Issuer Solutions and Senior Executive Vice President, Global Payments. "As we advance our cutting-edge solutions and expand our cloud-native technologies, we are confident we will enable Barclays to deliver best-in-class customer experiences with unparalleled levels of security and resiliency. We look forward to providing Barclays with innovation that delivers for many years to come."

Terms of the long-term agreement were not disclosed.