Global Payments Gets Truist Credit Card Processing

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Global Payments Gets Truist Credit Card Processing

The Total System Services (Tsys) business unit of Global Payments will handle credit card account processing services for Truist, the bank holding company formed by the 2019 merger of BB&T and SunTrust. Outstanding credit card receivables at Truist exceeded $5.64 billion at year-end 2019. The Truist Visa/Mastercard credit card portfolio ranks 16th largest in the U.S. Conversion of BB&T’s credit card portfolio, which is almost entirely comprised of Visa cards, will occur in the 4th quarter of 2021. Tsys will begin processing the accounts in 2022. In the meantime, accounts that oper...

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