COLUMBUS, Ga. & LONDON--(BUSINESS WIRE)--TSYS (NYSE: TSS) announced today it was named ‘Card Processor of the Year’ by Cards International as part of its 2010 awards. Winners were announced last night at a ceremony in Madrid, and the award was accepted by Kelley Knutson, executive vice president, TSYS International.“TSYS is extremely proud to accept this award from Cards International”
Will Cain, editor of Cards International at publisher VRL Financial News, said: “As winners of our Card Processor of the Year award for three of the last four years, it is clear the industry regards TSYS as one of the largest and most innovative card processors. TSYS’ strength in the U.S. and its continued commitment to expanding its footprint internationally has marked it out again as the leading business in this field.”
The rationale for the TSYS award was outlined in a statement by the judging panel:
“TSYS, already one of the world’s leading processors, demonstrated its commitment to innovation in 2009 with the introduction of two new card products. It also continued to expand its overseas business in key markets including Brazil and India. TSYS’ Hybrid Card allows credit cardholders to pay now or pay later from multiple checking accounts all on the same card. TSYS also introduced a private label card that can be redeemed for specific products, tracking the barcode data and allowing the issuer to specify which products can be bought with the card, which has obvious social disbursement applications.”
“TSYS is extremely proud to accept this award from Cards International,” said M. Troy Woods, president and chief operating officer of TSYS. “During this period of change, TSYS remains committed to innovation in order to keep our clients at the forefront of the payments market. I am pleased to accept this award on behalf of every TSYS team member, as well as our valued clients, who have contributed to our success as a leading global processor.”
TSYS was shortlisted for the award along with other global processors. The award is based on activities within the last twelve months rather than general excellence. TSYS previously won the award in 2007, in recognition of its successful expansion beyond its home market.
Industry experts on the judging panel included: Francesco Burelli, Deloitte; Robert Courtneidge, Salans; Will Cain, VRL Financial News; Victoria Conroy, VRL Financial News; John Hill, Cards International and David Parker, Polymath Consulting.
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. For more information contact news@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its website.
About Cards International
Cards International is part of VRL’s portfolio of information services, providing analysis, insight and intelligence on cards and payments to senior executives within the industry. Reporting on the latest industry news, debates and product innovation, along with comprehensive profiles and interviews with the key industry players, Cards International has become an established global brand for cards and payments news. www.cardsinternational.com
