TSYS Provides Merchants and Consumer Product Goods Companies Enhanced Loyalty
Unique SKU-level Authorizations on Cards
Alpharetta, Ga., February 3, 2009 — TSYS, a leading global payments services provider and processor of network-branded prepaid card programs, announced today that it has launched a private label card that can be redeemed for specific merchandise, tracking SKU-level data at the point of sale (POS). This patent-pending product is accepted at select merchants nationwide and can be used for product-specific purchases.
TSYS launched more than 45 million private label cards that can read SKU-level data in 2008. Its proprietary processing technology enables merchants and consumer product goods companies to boost consumer loyalty and track buying behavior while eliminating costly paper coupon processes. TSYS offers unparalleled flexibility among multi-merchant programs and currently processes for a network of up to 30,000 merchants nationwide.
Private label cards help reduce fraud in real-time and dramatically decrease the period between payment and electronic reimbursement. TSYS has worked closely with payment companies, acquirers and merchants to offer its clients processing capabilities with an enhanced level of detail.
"The scale achieved by our private label products is a major milestone in the prepaid industry, and helps support manufacturers and retailers alike by reducing costly processes that detract from their bottom line," said Jim Accordino, group executive for TSYS Prepaid Services. "TSYS' private label SKU-level processing solution demonstrates our commitment to providing the most innovative and forward-thinking prepaid solutions in the market."
About TSYS
TSYS (NYSE: TSS) 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, debt management, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. The company's extensive portfolio of prepaid applications includes rebate, promotion, gift, payroll, corporate incentive, unbanked, rewards, travel and insurance claims cards. For more information, contact news@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its website.
Contacts
Suzanne Walters
TSYS Prepaid
+1.678.566.4177
swalters@tsys.com
Cyle Mims
TSYS Media Relations
+1.706.644.3110
cylemims@tsys.com