TSYS

TSYS is partnering with CASSIS International to provide secure mobile payment, loyalty and commerce functionality. CASSIS is a mobile trusted service manager (TSM) for banks, retailers, transit operators and mobile service providers, and is globally certified by Visa and MasterCard.

TSYS, one of the world’s largest companies for outsourced payment services, has announced that they have agreed with Swisscard AECS AG to provide consumer credit, commercial card and payment related services to them. Swisscard chose TS2®, TSYS’ processing platform, to support its growing portfolio of approximately 1.2 million cards. 

TSYS has announced expansion with Bank of Ireland under which the company agrees to process bank’s consumer and commercial card portfolios. Bank of Ireland will offer ‘TSYS’ online account servicing and management product. This alliance continues for several years.  

TSYS has announced its partnership with Tesco Bank under which TSYS will support the credit card business of the bank in the UK. Previously Tesco Bank has also used TSYS' TS2 platform. Now the company will provide its latest processing platform TS2(R). 

As it became known Tuesday, TSYS was selected by one of the Japanese leading internet-based banks, SBI Sumishin Net Bank (SSNB), in order to process its payment card portfolio. This conversion is due in April.

SSNB has over 750,000 accounts and plans to use its partnership with TSYS as a means to aggressively expand its card business.

As Royal Bank of Scotland announced its plans to sell its Global Merchant Services business, which includes WorldPay, with private equity groups, payment processors and IT vendors all in the frame, the banking company received a great number of offers from interested parties which include global leaders in payment processing and banking industry.

TSYS is purchasing a controlling interest in First National Merchant Solutions for $150.5 million. TSYS will run the business in a joint venture partnership with First National Bank of Omaha.

FNMS ranked as the 10th largest merchant acquirer in North America has been in the industry for 57 years with over 300,000 merchant outlets in its portfolio.

The agreement stipulates that TSYS is acquiring 51% ownership of FNMS for approximately $150.5 million, while FNBO will control the remaining 49%. The transaction is expected to close 1 April, 2010.
 

Thursday Tsys announced it completed a multi-year payment services agreement with Caterpillar Financial Services Corporation.

In compliance with the terms of the agreement, TSYS' industry leading TS2 platform will be used to process commercial credit accounts.

The contract also contains TSYS CounterPASS, a Web-based virtual point-of-sale product, internet-based reporting, statement and customer care services to support more than 900 Caterpillar dealer locations in the US.

TSYS has entered into a multi-year payment services agreement with Degussa Bank of Germany to provide a broad range of products and services for its corporate and business clients.

Degussa Bank selected TSYS’ highly specialised TS2® commercial card platform and other proprietary card management tools after thorough evaluation process that included both global and German-market processors.

The conversion is planned for the first half of 2010 and will further expand TSYS’ presence within the German market.

Monday, TSYS and Marfin Laiki Bank are excited to introduce the first and only card in Cyprus designed exclusively for women, Woman’s Card.

Marfin Laiki Bank has been a client of TSYS since 2004 and the new Woman’s Card is supported by TSYS’ PRIME licensed card management solution.

TSYS is pleased to announce that it has signed Axia Payment Solutions, a payments hardware and software supplier. Under the terms of the new agreement, Axia will use TSYS’ end-to-end business solutions to grow and manage its merchant base. “Compared to other providers, TSYS can best support the diverse needs of our customer base by providing a single platform solution, industry-leading tools and the relationship support that will allow Axia to remain one of the fastest growing ISOs in the United States,” said Randal Clark, president of Axia Payment Solutions.

TSYS Acquiring Solutions presented a new payment application, MobilePASS, enabling merchants to accept and process card payments any time, anywhere.

 The company promises, its new application provides merchants with the a convenient alternative to traditional and expensive payment applications such as wireless terminals, Interactive Voice Response (IVR) systems and old- fashioned knuckle busters, MobilePASS is designed for the 21st century merchant. 

 Three weeks before delivering its earnings report for the third quarter of 2009, credit-card processor TSYS confirmed Monday it has sold one subsidiary and folded another into a third operation.

The company also acknowledged it is working to hold the line on personnel expenses.