TSYS, a leading global payments solutions provider, announced it has extended its long-term agreement with Capital One Financial Corporation to continue providing processing services for Capital One’s North American portfolio of consumer and commercial credit card accounts for multiple years.

According to the Nilson Report, Capital One was a top 5 issuer of U.S. General Purpose Credit Cards in 2016, ranking second with 89.4 million total credit cards. Additionally, Capital One ranked fifth in total purchase volume with more than $249 billion.

"The strong sense of partnership we have developed with Capital One has allowed for a tremendous amount of growth and innovation over the years,” said Allen Pettis, Executive Vice President and President, North America Issuer Solutions, TSYS. "This agreement is a testament to the hard work, collaboration and open communication it takes to make a long-standing client relationship successful.”