|
|
Article: Total System to Process Canadian Tire Cards.(Total System Services Inc.)(Brief Article)
- Article from:
- American Banker
- Article date:
- December 15, 1997
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Total System Services Inc. announced a seven-year contract with Canadian Tire Acceptance Ltd. to process six million MasterCard private-label cards.
Canadian Tire of Welland, Ontario, previously processed its portfolio in-house. The Canadian Tire Corp. subsidiary is the fifth-largest MasterCard issuer in Canada, with 431 retail stores.
Total System will convert Canadian Tire to its TS2(R) Cardholder System, a year 2000-compliant card processing platform.
Philip W. Tomlinson, president of Total System, said the contract was a coup for his company. Canadian Tire "has a very strong portfolio which has shown remarkable strength and flexibility in the ...