TSYS, long a credit card processor for only the largest cardissuers, has unveiled a program aimed at providing turnkey cardprocessing and portfolio management aimed a credit unions andcommunity banks.

Currently the processor works with only a few credit unions,including Navy Federal with its $4.3 billion card credit cardportfolio.

"Over a period of years, the top issuers competed aggressivelywith marketing techniques, such as mass solicitations and teaserrates, to gain greater market share to the point that many smallerbanks felt they couldn't effectively compete. Recent regulatorychanges have altered the landscape and we believe the case forre-entry is there if we can demonstrate a compelling and profitablebusiness case," said Philip W. Tomlinson, chairman of the board andchief executive officer of TSYS.

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