March 30, 2010 09:00 AM Eastern Daylight Time  

TSYS Clients Recognised at The Card Awards 2010

COLUMBUS, Ga. & LONDON--(BUSINESS WIRE)--The Card Awards Dinner and Ceremony at The Grosvenor House in London on Tuesday 2nd February 2010, recognised the following:

“TSYS is pleased to continue as Prime Sponsor of The Card Awards for the fifth consecutive year and we congratulate all of our customers on their success”

• Best New Prepaid Card Product of the Year - O2 and The Royal Bank of Scotland Group - O2 Money Card Services


• Best Prepaid Card Marketing Campaign of the Year - O2 and The Royal Bank of Scotland Group - O2 Money Card Services


• Best Achievement in Customer Service - Nationwide Building Society - Speed, Simplicity and Security. Nationwide Credit Card's Customer Service delivery is provided by TSYS Managed Services.


• Best Technology Initiative of the Year - Home Retail Group Financial Services - Argos and Homebase Cards. This award was for the replacement of Home Retail Group's card management solution with TS2^® and other value-added products from TSYS.


• Most Responsible Credit Card Lending Practices - Nationwide Building Society. This is the third consecutive year that Nationwide has won this award.

The Card Awards independent judging panel of industry experts, chaired by Moneyfacts Group Chairman, John Woods, carefully selected winners from a host of payment card companies and partner organisations who entered. In each case, they looked for evidence of best practice and innovation in each of the individual categories. The Card Awards winners were all praised for their achievements in the industry and for their work improving the quality of the customer experience.

“TSYS is pleased to continue as Prime Sponsor of The Card Awards for the fifth consecutive year and we congratulate all of our customers on their success,” said Kelley Knutson, executive vice president of TSYS International. “The Awards continue to be the event which recognises excellence, customer service and innovation in the card payments market in the UK and Republic of Ireland.”

TSYS clients continue to feature prominently in the nominations, with the Post Office and Bank of Ireland receiving recognition for being finalists, whilst Bank of America won 2 awards and was named finalists in a number of other categories. This is the third consecutive year that a TSYS client has won the Best New Prepaid Card Product of the Year, joining Royal Bank of Scotland and PayPal and Lloyds TSB in prior years.

About TSYS

TSYS (NYSE: TSS) is one of the world’s largest companies for 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 The Card Awards

The Card Awards aim to encourage best practice in the UK and Irish payment card industries by recognising the achievements and successes of companies and individuals operating within them. The awards acknowledge organisations who advocate responsible customer acquisition, clarity of information and who support the community around them. Other award categories focus on technological developments, product design, innovation and marketing. The 2010 awards event, sponsored by TSYS, was held on Tuesday, 2nd February 2010 at Grosvenor House, London.

Contacts

TSYS Media Relations

Cyle Mims, +1-706-644-3110

cylemims@tsys.com

or

TSYS Investor Relations

Shawn Roberts, +1-706-644-6081

shawnroberts@tsys.com

or

TSYS International

Victoria Winn, +44 1904 562 577

victoriawinn@tsys.com

At A Glance

TSYS

Source: via Business Wire Updated   07/07/2009   by company
Headquarters:	Columbus, GA
Website:	http://www.tsys.com
CEO:	Philip Tomlinson
Employees:	8,110
Ticker:	TSS  (NYSE)
Revenues:	$1.9 billion (2008)
Net Income:	$250 million (2008)

Permalink: http://www.businesswire.com/news/home/20100330005134/en/TSYS-Clients-Recognised-Card-Awards-2010

March 30, 2010 09:00 AM Eastern Daylight Time  

TSYS Clients Recognised at The Card Awards 2010

COLUMBUS, Ga. & LONDON--(BUSINESS WIRE)--The Card Awards Dinner and Ceremony at The Grosvenor House in London on Tuesday 2nd February 2010, recognised the following:

“TSYS is pleased to continue as Prime Sponsor of The Card Awards for the fifth consecutive year and we congratulate all of our customers on their success”

• Best New Prepaid Card Product of the Year - O2 and The Royal Bank of Scotland Group - O2 Money Card Services


• Best Prepaid Card Marketing Campaign of the Year - O2 and The Royal Bank of Scotland Group - O2 Money Card Services


• Best Achievement in Customer Service - Nationwide Building Society - Speed, Simplicity and Security. Nationwide Credit Card's Customer Service delivery is provided by TSYS Managed Services.


• Best Technology Initiative of the Year - Home Retail Group Financial Services - Argos and Homebase Cards. This award was for the replacement of Home Retail Group's card management solution with TS2^® and other value-added products from TSYS.


• Most Responsible Credit Card Lending Practices - Nationwide Building Society. This is the third consecutive year that Nationwide has won this award.

The Card Awards independent judging panel of industry experts, chaired by Moneyfacts Group Chairman, John Woods, carefully selected winners from a host of payment card companies and partner organisations who entered. In each case, they looked for evidence of best practice and innovation in each of the individual categories. The Card Awards winners were all praised for their achievements in the industry and for their work improving the quality of the customer experience.

“TSYS is pleased to continue as Prime Sponsor of The Card Awards for the fifth consecutive year and we congratulate all of our customers on their success,” said Kelley Knutson, executive vice president of TSYS International. “The Awards continue to be the event which recognises excellence, customer service and innovation in the card payments market in the UK and Republic of Ireland.”

TSYS clients continue to feature prominently in the nominations, with the Post Office and Bank of Ireland receiving recognition for being finalists, whilst Bank of America won 2 awards and was named finalists in a number of other categories. This is the third consecutive year that a TSYS client has won the Best New Prepaid Card Product of the Year, joining Royal Bank of Scotland and PayPal and Lloyds TSB in prior years.

About TSYS

TSYS (NYSE: TSS) is one of the world’s largest companies for 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 The Card Awards

The Card Awards aim to encourage best practice in the UK and Irish payment card industries by recognising the achievements and successes of companies and individuals operating within them. The awards acknowledge organisations who advocate responsible customer acquisition, clarity of information and who support the community around them. Other award categories focus on technological developments, product design, innovation and marketing. The 2010 awards event, sponsored by TSYS, was held on Tuesday, 2nd February 2010 at Grosvenor House, London.

Contacts

TSYS Media Relations

Cyle Mims, +1-706-644-3110

cylemims@tsys.com

or

TSYS Investor Relations

Shawn Roberts, +1-706-644-6081

shawnroberts@tsys.com

or

TSYS International

Victoria Winn, +44 1904 562 577

victoriawinn@tsys.com

At A Glance

TSYS

Source: via Business Wire Updated   07/07/2009   by company
Headquarters:	Columbus, GA
Website:	http://www.tsys.com
CEO:	Philip Tomlinson
Employees:	8,110
Ticker:	TSS  (NYSE)
Revenues:	$1.9 billion (2008)
Net Income:	$250 million (2008)

Permalink: http://www.businesswire.com/news/home/20100330005134/en/TSYS-Clients-Recognised-Card-Awards-2010

TNS and Blue Bamboo Partner to Provide Smartphone Payment Solutions for Synapse Customers

RESTON, Va.--(BUSINESS WIRE)--Transaction Network Services (NYSE: TNS) is partnering with Blue Bamboo to enable ISOs, acquirers and processors across North America to offer their customers the ability to accept credit and debit payments through smartphone devices.

“The growing market interest in mobile phone point-of-sale (POS) payments comes with merchant concern about security and their discount rate cost for card present vs card not present transactions.”

Organizations connected to TNS’ Synapse wireless payment gateway will be able to extend their acquiring opportunities to a new segment of merchants who are interested in using smartphone devices to accept card payments from their customers.

John M. Perry, General Manager of the Americas for TNS’ Payments Division, said: “The growing market interest in mobile phone point-of-sale (POS) payments comes with merchant concern about security and their discount rate cost for card present vs card not present transactions.

“The smart phone merchant solutions from TNS and Blue Bamboo pair a magnetic stripe reader with built-in printer for capturing card present transactions. The solution allows merchants to print a physical receipt and to send an electronic receipt via email. Most importantly, it provides robust security and reliability through the use of the TNS PCI DSS certified Synapse payment gateway. We are very happy to partner with Blue Bamboo to offer ISOs a solution that brings their merchants a secure, fully managed service that can help lower the costs of accepting cards.”

The smartphone solution provides a PA DSS certified Java-based applet that runs on mobile handsets, enabling mobile merchants to perform card-swipe transactions on a variety of equipment, including certified Blackberry, Nokia and Motorola devices.

George Peabody, Director of Mercator Advisory Group’s Emerging Technologies Advisory Service, said: “Blue Bamboo and TNS bring together a hardware and service combination that improves security and convenience for the new generation of mobile payment applications running on Blackberry and other smartphones. TNS Synapse wireless gateway’s integration with Blue Bamboo’s wireless devices and PocketPOS mobile application creates an opportunity for ISOs and other channel partners to provide a solution that enables mobile professionals to accept card payments.”

In addition to the mobile phone POS payment solution and device management via Synapse, TNS will soon be supporting the all-in-one Blue Bamboo H50 terminal. This has a unique modular design giving merchants the flexibility to accept credit and debit transactions, and the ability to easily convert the GPRS mobile wireless transaction device to a Bluetooth, Ethernet or Dial-Up-modem terminal.

TNS’ Synapse solution includes wireless network access, account activation, fast, reliable and secure transaction delivery to most major processors, web-based merchant and terminal management, customizable online reporting, and live 24x7 customer service. Using a PCI DSS certified processing environment, it offers a broad range of end-to-end services for ISOs and mobile merchants.

Justin Anderson, Vice President, Americas, at Blue Bamboo said: “Blue Bamboo is proud to count TNS as a partner. As a long standing leader in the payment industry, TNS understands that merchants will ultimately demand mobile payments on wireless devices and mobile phones that are secure, certified and incur lower fees through card present transactions.

“Our mobile merchant solutions have been available for 2 years and boast 1000’s of merchant deployments. The terminals are extremely reliable and highly secure as they have been designed to conform to industry standards such as PED-DSS and PA-DSS all of which provide customers with additional security protection and meet all the required payment regulations.”

Blue Bamboo is a division of Shera International which, since 1992, has manufactured POS terminals and peripherals for solution providers worldwide.

For information about TNS visit www.tnsi.com

Ends/…

About Transaction Network Services

Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.

TNS’ offers a broad range of networks and innovative value-added services which enables transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.

For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’

Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com

Contacts

Clare Cockroft

PR Manager

TNS

+44 (0) 114 292 6416

ccockroft@tnsi.com

or

Jenny Nelson

PR Assistant

TNS

+44 (0) 114 292 6458

jnelson@tnsi.com

Permalink: http://www.businesswire.com/news/home/20100330005680/en/TNS-Blue-Bamboo-Partner-Provide-Smartphone-Payment

TNS and Blue Bamboo Partner to Provide Smartphone Payment Solutions for Synapse Customers

RESTON, Va.--(BUSINESS WIRE)--Transaction Network Services (NYSE: TNS) is partnering with Blue Bamboo to enable ISOs, acquirers and processors across North America to offer their customers the ability to accept credit and debit payments through smartphone devices.

“The growing market interest in mobile phone point-of-sale (POS) payments comes with merchant concern about security and their discount rate cost for card present vs card not present transactions.”

Organizations connected to TNS’ Synapse wireless payment gateway will be able to extend their acquiring opportunities to a new segment of merchants who are interested in using smartphone devices to accept card payments from their customers.

John M. Perry, General Manager of the Americas for TNS’ Payments Division, said: “The growing market interest in mobile phone point-of-sale (POS) payments comes with merchant concern about security and their discount rate cost for card present vs card not present transactions.

“The smart phone merchant solutions from TNS and Blue Bamboo pair a magnetic stripe reader with built-in printer for capturing card present transactions. The solution allows merchants to print a physical receipt and to send an electronic receipt via email. Most importantly, it provides robust security and reliability through the use of the TNS PCI DSS certified Synapse payment gateway. We are very happy to partner with Blue Bamboo to offer ISOs a solution that brings their merchants a secure, fully managed service that can help lower the costs of accepting cards.”

The smartphone solution provides a PA DSS certified Java-based applet that runs on mobile handsets, enabling mobile merchants to perform card-swipe transactions on a variety of equipment, including certified Blackberry, Nokia and Motorola devices.

George Peabody, Director of Mercator Advisory Group’s Emerging Technologies Advisory Service, said: “Blue Bamboo and TNS bring together a hardware and service combination that improves security and convenience for the new generation of mobile payment applications running on Blackberry and other smartphones. TNS Synapse wireless gateway’s integration with Blue Bamboo’s wireless devices and PocketPOS mobile application creates an opportunity for ISOs and other channel partners to provide a solution that enables mobile professionals to accept card payments.”

In addition to the mobile phone POS payment solution and device management via Synapse, TNS will soon be supporting the all-in-one Blue Bamboo H50 terminal. This has a unique modular design giving merchants the flexibility to accept credit and debit transactions, and the ability to easily convert the GPRS mobile wireless transaction device to a Bluetooth, Ethernet or Dial-Up-modem terminal.

TNS’ Synapse solution includes wireless network access, account activation, fast, reliable and secure transaction delivery to most major processors, web-based merchant and terminal management, customizable online reporting, and live 24x7 customer service. Using a PCI DSS certified processing environment, it offers a broad range of end-to-end services for ISOs and mobile merchants.

Justin Anderson, Vice President, Americas, at Blue Bamboo said: “Blue Bamboo is proud to count TNS as a partner. As a long standing leader in the payment industry, TNS understands that merchants will ultimately demand mobile payments on wireless devices and mobile phones that are secure, certified and incur lower fees through card present transactions.

“Our mobile merchant solutions have been available for 2 years and boast 1000’s of merchant deployments. The terminals are extremely reliable and highly secure as they have been designed to conform to industry standards such as PED-DSS and PA-DSS all of which provide customers with additional security protection and meet all the required payment regulations.”

Blue Bamboo is a division of Shera International which, since 1992, has manufactured POS terminals and peripherals for solution providers worldwide.

For information about TNS visit www.tnsi.com

Ends/…

About Transaction Network Services

Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.

TNS’ offers a broad range of networks and innovative value-added services which enables transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.

Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.

For further information about TNS, visit www.tnsi.com. ‘One Connection, A World of Opportunities’

Statements and information contained in our press releases and newsletters that are not descriptions of historical fact may contain forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond our control, which could cause actual results to differ materially from historical results or performance and from any opinions or statements expressed with respect to future periods. www.tnsi.com

Contacts

Clare Cockroft

PR Manager

TNS

+44 (0) 114 292 6416

ccockroft@tnsi.com

or

Jenny Nelson

PR Assistant

TNS

+44 (0) 114 292 6458

jnelson@tnsi.com

Permalink: http://www.businesswire.com/news/home/20100330005680/en/TNS-Blue-Bamboo-Partner-Provide-Smartphone-Payment

Gemalto Expands Range of Secure Linux Payment Terminals

Cost-effective solution for wireless payment, increases convenience with pay-at-table

AMSTERDAM--(BUSINESS WIRE)--Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced it is expanding its MagIC³ range of Point-Of-Sale (POS) terminals. The new MagIC³ product is a cost-effective solution for wireless payment, requiring no extra subscription nor additional communication fees. Remarkably light and compact, with unmatched autonomy, MagIC³ W-1 delivers increased convenience in restaurants and outdoor retail outlets. Several important financial institutions are currently leading the new payment terminal deployment in Europe and in Asia.

“Our customers have started deploying MagIC3 W-1 and we already received very positive reactions. Retailers using the Ethernet broadband connection expressed strong satisfaction with the transaction speed.”

MagIC³ W-1 is part of Gemalto’s MagIC³ product family, which incorporates the Open&Sec technology running on Linux^TM. The MagIC³product line leverages Internet Protocol (IP) technology and ensures high-level security in an open environment. It features Universal Serial Bus (USB) connections for instant plugging of peripherals such as check and barcode readers, WiFi dongles or electronic cash registers, making it a flexible and highly evolutive payment solution. The MagIC³ W-1 terminal comes equipped with an integrated Ethernet broadband connection to offer very high-speed secure transactions.

“MagIC³ W-1 offers mobility, speed and ease-of-use that make it really convenient for retailers to present the terminal to their customers,” commented Frédéric Deman, senior vice president e-payment terminals at Gemalto. “Our customers have started deploying MagIC³ W-1 and we already received very positive reactions. Retailers using the Ethernet broadband connection expressed strong satisfaction with the transaction speed.”

MagIC³ W-1 has already obtained Payment Card Industry PIN-Entry Device certification - PCI PED - and EMV worldwide certification.

The product was first displayed at the World Cards & Payments Summit in Dubai, in February, 2010.

As part of Gemalto’s long-standing commitment to reducing the company’s overall environmental impact, the new terminal, just like the entire MagIC³ range, has been designed to be compliant with RoHS (Reduction of hazardous substances) requirements.

Gemalto has already shipped more than half a million MagIC³ series payment terminals across the world.

"Linux" is a registered trademark of Linus Torvalds, the original author of the Linux Kernel.

About Gemalto

Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2009 annual revenues of €1.65 billion, and over 10,000 employees operating out of 75 offices, research and service centers in 41 countries.

Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.

Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. To complete the solution we also provide software, systems and services to help our customers achieve their goals.

As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.

For more information please visit www.gemalto.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6230850&lang=en

Contacts

Gemalto EMEA

Jane Strachey

T: +334 42 36 46 61

M : +336 76 49 35 93

jane.strachey@gemalto.com

or

Gemalto Asia

Yvonne Lim

T.: +65 6317 3730

F: +65 6874 0937

Yvonne.lim@gemalto.com

or

Grayling Global

Aparna Agrawal

T.: +65 6325 4606

F.: +65 6325 4616

Aparna.agrawal@sg.grayling.com

Permalink: http://www.businesswire.com/news/home/20100329006641/en/Gemalto-Expands-Range-Secure-Linux-Payment-Terminals

Gemalto Expands Range of Secure Linux Payment Terminals

Cost-effective solution for wireless payment, increases convenience with pay-at-table

AMSTERDAM--(BUSINESS WIRE)--Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced it is expanding its MagIC³ range of Point-Of-Sale (POS) terminals. The new MagIC³ product is a cost-effective solution for wireless payment, requiring no extra subscription nor additional communication fees. Remarkably light and compact, with unmatched autonomy, MagIC³ W-1 delivers increased convenience in restaurants and outdoor retail outlets. Several important financial institutions are currently leading the new payment terminal deployment in Europe and in Asia.

“Our customers have started deploying MagIC3 W-1 and we already received very positive reactions. Retailers using the Ethernet broadband connection expressed strong satisfaction with the transaction speed.”

MagIC³ W-1 is part of Gemalto’s MagIC³ product family, which incorporates the Open&Sec technology running on Linux^TM. The MagIC³product line leverages Internet Protocol (IP) technology and ensures high-level security in an open environment. It features Universal Serial Bus (USB) connections for instant plugging of peripherals such as check and barcode readers, WiFi dongles or electronic cash registers, making it a flexible and highly evolutive payment solution. The MagIC³ W-1 terminal comes equipped with an integrated Ethernet broadband connection to offer very high-speed secure transactions.

“MagIC³ W-1 offers mobility, speed and ease-of-use that make it really convenient for retailers to present the terminal to their customers,” commented Frédéric Deman, senior vice president e-payment terminals at Gemalto. “Our customers have started deploying MagIC³ W-1 and we already received very positive reactions. Retailers using the Ethernet broadband connection expressed strong satisfaction with the transaction speed.”

MagIC³ W-1 has already obtained Payment Card Industry PIN-Entry Device certification - PCI PED - and EMV worldwide certification.

The product was first displayed at the World Cards & Payments Summit in Dubai, in February, 2010.

As part of Gemalto’s long-standing commitment to reducing the company’s overall environmental impact, the new terminal, just like the entire MagIC³ range, has been designed to be compliant with RoHS (Reduction of hazardous substances) requirements.

Gemalto has already shipped more than half a million MagIC³ series payment terminals across the world.

"Linux" is a registered trademark of Linus Torvalds, the original author of the Linux Kernel.

About Gemalto

Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2009 annual revenues of €1.65 billion, and over 10,000 employees operating out of 75 offices, research and service centers in 41 countries.

Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.

Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. To complete the solution we also provide software, systems and services to help our customers achieve their goals.

As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.

For more information please visit www.gemalto.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6230850&lang=en

Contacts

Gemalto EMEA

Jane Strachey

T: +334 42 36 46 61

M : +336 76 49 35 93

jane.strachey@gemalto.com

or

Gemalto Asia

Yvonne Lim

T.: +65 6317 3730

F: +65 6874 0937

Yvonne.lim@gemalto.com

or

Grayling Global

Aparna Agrawal

T.: +65 6325 4606

F.: +65 6325 4616

Aparna.agrawal@sg.grayling.com

Permalink: http://www.businesswire.com/news/home/20100329006641/en/Gemalto-Expands-Range-Secure-Linux-Payment-Terminals

T8 Webware Prepares Clients for Reg E Requirements

Financial Web strategy firm develops customizable opt-in/opt-out online form for electronic submission of consumers’ overdraft protection decisions

CEDAR FALLS, Iowa--(BUSINESS WIRE)--T8 Webware, a provider of Web development, management and hosting services for the financial industry, introduced a customizable online overdraft consent form and electronic submission tool to meet financial institutions’ Regulation E requirements.

“T8 Webware is focused exclusively on the financial sector, so we are familiar with making regulatory updates and changes front-of-mind to properly address the compliance challenges that our clients face”

Reg E, which will be enacted July 1, 2010, requires that all financial institutions must receive an opt-in agreement from customers for overdraft services prior to charging fees applied with paying the overdrafts on automated teller machine (ATM) or one-time debit transactions. T8 Webware designed a module to fully automate and simplify the consumer consent process while mitigating compliance concerns. Included is a custom homepage advertisement that links directly to a Reg E description, as well as a sub-page with a statement from the bank or credit union explaining the options to either sign-up for or opt-out of overdraft protection. The actual opt-in/opt-out form contains an official explanation of the service and the electronic submission of the consumer’s decision. All submitted data is then stored in a secure forms manager database and is available for export only by authorized bank personnel.

“T8 Webware is focused exclusively on the financial sector, so we are familiar with making regulatory updates and changes front-of-mind to properly address the compliance challenges that our clients face,” explained Wade Arnold, CEO of T8 Webware. “Our preparation for Reg E is just one example of the forward-looking nature of our company, and our focus on meeting the needs of financial institutions in a timely, relevant manner. This overdraft consent module serves as a huge value add to our clients, giving them one less concern in an era of frequent change and turmoil.”

The tool is currently only being implemented into the Web sites of existing T8 Webware clients. Arnold added, “T8 Webware is already an innovator with our standard mobile site optimization and SmartSite™ technology. With Reg E, we have been able to further demonstrate how the technological expertise integrates with our understanding of the financial arena to ultimately be of the highest benefit to the banks and credit unions we serve.”

About T8 Webware

T8 Webware is a strategic Web development, management and hosting firm that caters specifically to financial institutions. The company provides progressive, non-template driven Web sites to more than 150 banks and credit unions, all of which are mobile-enabled. T8 Webware’s philosophy is to help financial institutions leverage their most powerful marketing tool, their Web site, to drive new business and build an online marketing presence. Many customers experience an ROI within months because of cross sales, while Web traffic is also dramatically improved.

For more information, please visit www.T8Webware.com, e-mail sales@t8webware.com or call 877.884.3327.

Contacts

T8 Webware

Megan Ard, 678-781-7223

Permalink: http://www.businesswire.com/news/home/20100330005155/en/T8-Webware-Prepares-Clients-Reg-Requirements

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T8 Webware Prepares Clients for Reg E Requirements

Financial Web strategy firm develops customizable opt-in/opt-out online form for electronic submission of consumers’ overdraft protection decisions

CEDAR FALLS, Iowa--(BUSINESS WIRE)--T8 Webware, a provider of Web development, management and hosting services for the financial industry, introduced a customizable online overdraft consent form and electronic submission tool to meet financial institutions’ Regulation E requirements.

“T8 Webware is focused exclusively on the financial sector, so we are familiar with making regulatory updates and changes front-of-mind to properly address the compliance challenges that our clients face”

Reg E, which will be enacted July 1, 2010, requires that all financial institutions must receive an opt-in agreement from customers for overdraft services prior to charging fees applied with paying the overdrafts on automated teller machine (ATM) or one-time debit transactions. T8 Webware designed a module to fully automate and simplify the consumer consent process while mitigating compliance concerns. Included is a custom homepage advertisement that links directly to a Reg E description, as well as a sub-page with a statement from the bank or credit union explaining the options to either sign-up for or opt-out of overdraft protection. The actual opt-in/opt-out form contains an official explanation of the service and the electronic submission of the consumer’s decision. All submitted data is then stored in a secure forms manager database and is available for export only by authorized bank personnel.

“T8 Webware is focused exclusively on the financial sector, so we are familiar with making regulatory updates and changes front-of-mind to properly address the compliance challenges that our clients face,” explained Wade Arnold, CEO of T8 Webware. “Our preparation for Reg E is just one example of the forward-looking nature of our company, and our focus on meeting the needs of financial institutions in a timely, relevant manner. This overdraft consent module serves as a huge value add to our clients, giving them one less concern in an era of frequent change and turmoil.”

The tool is currently only being implemented into the Web sites of existing T8 Webware clients. Arnold added, “T8 Webware is already an innovator with our standard mobile site optimization and SmartSite™ technology. With Reg E, we have been able to further demonstrate how the technological expertise integrates with our understanding of the financial arena to ultimately be of the highest benefit to the banks and credit unions we serve.”

About T8 Webware

T8 Webware is a strategic Web development, management and hosting firm that caters specifically to financial institutions. The company provides progressive, non-template driven Web sites to more than 150 banks and credit unions, all of which are mobile-enabled. T8 Webware’s philosophy is to help financial institutions leverage their most powerful marketing tool, their Web site, to drive new business and build an online marketing presence. Many customers experience an ROI within months because of cross sales, while Web traffic is also dramatically improved.

For more information, please visit www.T8Webware.com, e-mail sales@t8webware.com or call 877.884.3327.

Contacts

T8 Webware

Megan Ard, 678-781-7223

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