business-to-business

More and more business-to-business spending is conducted electronically through the Internet. The credit card—Visa, MasterCard or American Express—is becoming the most viable spending vehicle. We service 86 percent of the U.S.Visa and MasterCard commercial card traffic. Market investors will continue to shift their dollars and attentions from high-flying possibilities to proven performers. They are beginning to recognize the business-to-business arena where commerce is being conducted successfully and profitably. We are in the middle of the revolution.

In 1999, we created and implemented a new commercial card processing system that uses TS2^®. We also formed a separate and distinct business services division, a unified team that’s dedicated solely to anticipating change, taking solutions to the clients and defining the market’s direction. Because TSYS collects and retains the most data per account in the industry, we are in the best position to provide our clients with intelligent data and commerce services that allow them to maximize their business opportunities. TS2 allows 24-hour processing to serve international and e-commerce commercial accounts.

The U.S. Federal Government General Services Administration (GSA) recognizes the efficiency of card-based purchasing. As a result, GSA mandated that all federal government spending be conducted electronically. Because no other corporate entity spends as much, the federal government’s influence will widely promote suppliers’ and vendors’ acceptance of the commercial card as a purchasing vehicle. TSYS processes 100 percent of those transactions conducted on 3.2 million cards in the hands of federal employees.

Federal spending is but one example of how the payment services market is evolving. Payment cards will continue to displace checks, cash and other forms of payment. Purchase card usage is projected to explode over the next five years, increasing from more than 6.5 monthly transactions per active account to 12 or more.