Total System Services, a US-based provider of electronic payment processing and related services, recently announced that it had renewed its agreement with Lloyds Banking Group in an attempt to expand its commercial card portfolio in the UK. Lloyds Bank boasts more than 30 mn customers and over 2000 branches throughout the region. Per the deal, Total System will process Lloyds Banking Group's portfolio through its TS2 platform. The partnership also complements the company’s strategy to improve its relationship with the bank’s customers as it plans to offer risk management, fraud avoidance and other support services tagged along with these cards. The new contract should enhance Total System’s payment volumes and the number of processed transactions, thereby supporting its financials.Total System’s financials for the first quarter of 2016 were solid. Net revenues increased 12.7%, adjusted EBITDA grew 19.3%, and adjusted earnings per share surged 22.8% to 66 cents comfortably beating analysts’ average projection of 61 cents. In April, Total System completed the acquisition of TransFirst, one of the US largest merchant solutions providers. The transaction should strengthen Total System’s sales and distribution network with the addition of over 1,300 partners and more than 350 sales professionals, enhancing its access to high growth, strategically attractive vertical markets such as healthcare, business to business and not for profit. Global adoption of digital payments is currently on the rise, and this, I believe, should continue to support demand for Total System’s services going forward. The company will post its Q2 financials on July 26, and I expect it will be able to positively surprise investors again.Total System's shares are testing $55 resistance level. I'd buy on breaking it, with medium-term target at $60.