TSYS Prepaid Executive to Discuss Prepaid Cards for Unbanked Market
Identify Strategies for Long-term Success
New York, NY, March 21, 2006 - Many organizations are rushing to serve the unbanked's growing appetite for reloadable prepaid Visa and MasterCard debit cards to enable personal spending and money remittances, says Barry J. Kessler, vice president, general purpose, reloadable & unbanked group for TSYS Prepaid.
"Leveraging your organizational assets for competitive advantage in this burgeoning new market is vital," Mr. Kessler says. "You need to have the right ingredients and strategy for success."
Mr. Kessler will outline the various roles that serve the unbanked prepaid debit marketplace today and discuss their necessary requirements at Intele-CardExpo - The Prepaid Show. He will also offer advice for a winning long-term stored-value card solution. The conference will be held March 21-23, 2006, at the Miami Beach Convention Center, Miami, FL. For more information about the expo, see www.intelecardexpo.com.
A proven entrepreneur with over 13 years experience providing financial solutions to the unbanked, Mr. Kessler has successfully deployed a series of financial products, including direct deposit bank accounts, overdraft privilege, electronic tax filing and refund anticipation loans. Mr. Kessler received a JD from the Washington University School of Law, a BS from the Wharton School at the University of Pennsylvania, and a CPA.
About TSYS Prepaid
TSYS Prepaid, a wholly owned subsidiary of TSYS (NYSE: TSS), is a leading provider of prepaid card solutions that utilize the Visa, MasterCard, EFT and ATM networks. These solutions are powered by a flexible proprietary processing platform that is specifically designed for the prepaid market.
TSYS Prepaid's solutions have been utilized by Fortune 500 companies, small- and medium-size enterprises and leading financial institutions, and have proven to be highly effective for numerous applications, including FSA administration, payroll processing, claims processing, gift cards, corporate incentives, consumer promotions, teen payments and unbanked solutions.
TSYS Prepaid offers expert solution deployment services, from facilitating sponsoring bank and payment network approvals to transaction processing and program management. TSYS Prepaid provides turnkey solutions complete with online, real-time administration and reporting and other unique system features that are vital to the prepaid market.
TSYS Prepaid (www.tsysprepaid.com) is based in New York.
About TSYS
TSYS (www.tsys.com) is one of the world's largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies in North America, Europe and the Asia Pacific. Based in Columbus, Ga., TSYS is 80-percent held by Synovus Financial Corp. (NYSE: SNV), one of FORTUNE magazine's "Most Admired Companies" and a member of its "100 Best Companies to Work For" Hall of Fame. For more information, contact news@tsys.com.
Contacts
Andy Savitt
TSYS Prepaid
+1.212.563.4433, ext. 297
andy.savitt@tsysprepaid.com