NetSpend, a TSYS Company, announced it has joined forces with Western Union to develop an innovative co-branded prepaid card, available later this year. “Combining the strengths of Western Union’s global brand and expertise in moving money with NetSpend’s deep prepaid knowledge and unique product capabilities, creates an incredible opportunity for us to better serve an
TSYS has announced the release of a white paper titled “What’s Missing? Creating a Comprehensive Mobile Wallet Solution.” The paper highlights critical factors that will determine the mobile wallet’s future adoption in the U.S. and its acceptance among merchants. It also explores how a more robust wallet solution can solve consumers’ needs. The report is
TSYS has announced that its leading Vietnamese client, Vietnam Export Import Commercial Joint Stock Bank — Vietnam Eximbank, has begun to deploy fingerprint authentication technology for over-the-counter or ATM transactions. Vietnam Eximbank is one of the first banks in Vietnam to apply this technology that enables customers to make a transaction without having the physical
TSYS has announced the results of its 2014 Canadian Consumer Payment Choice Study. The primary consumer research study utilizes both quantitative and qualitative data, gathered through an online survey and in-person focus groups, to gauge how Canadian consumers make payments today and how their payment preferences may change in the future. The results provide helpful
TSYS has announced that it has reached a long-term agreement to provide consumer credit processing services along with value-added capabilities for Virgin Money customers within the United Kingdom. Virgin Money selected TSYS’ market leading TS2 platform to support its UK cards portfolio. Virgin Money is a UK-based retail bank, providing savings, mortgages, credit cards, pensions,
TSYS has announced that it has increased its stake in its Central Payment Joint Venture (CPay) from 60 percent to 75 percent. Central Payment founders Matt and Zach Hyman have committed to lead the company as Co-Managing Directors for an additional three years. “Under the leadership of Matt and Zach, the value of Central Payment
TSYS has announced the publication of a white paper titled “Implementing a Successful Commercial Card Program in Turkey — Avoiding Pitfalls: Lessons from the U.S. Experience.” The paper outlines the market opportunity and key drivers for commercial card growth in Turkey, drawing on experiences in the U.S. commercial card market to provide insights on accelerating
TSYS has announced the election of two new members to its board of directors — William M. Isaac, senior managing director and global head of Financial Institutions for FTI Consulting and former Chairman of the Federal Deposit Insurance Corporation (FDIC); and Connie D. McDaniel, former senior executive at the The Coca-Cola Company and Ernst &
TSYS has announced plans to release TSYS Authorization Controls — a new product that enables credit and debit cardholders to turn their account “on” or “off” from any user interface. This innovative product can be integrated with existing mobile and other online customer service tools, and will help financial institutions empower their consumers to manage
TSYS have announced the release of a white paper titled “EMV is Not Enough: Considerations for Implementing 3D Secure.” The paper considers the impending U.S. migration to Europay, MasterCard, and Visa (EMV) chip to combat fraud, but concludes that there are additional steps issuers must consider to mitigate fraud risk. This report concludes that there
