Total System Services, Inc. : TSYS Unveils Its Agenda for Connected Mobility
05/16/2012| 09:10am US/Eastern
TSYS (NYSE: TSS) announced today its agenda for connected mobility to
support commerce for digitally active consumers -- those accustomed to
navigating their daily lives with smart phones, tablets, game systems,
electronic readers and computers. This initiative will enable consumers
and businesses to connect and communicate in real time through a variety
of devices that support mobility, business applications and commerce.
The agenda will offer technology, including API interfaces and
consumer-facing applications, to support any mobile network operator,
manufacturer, wallet provider, applications provider or payments
network. It includes three themes -- payments, communications and
commerce. The payments theme includes NFC and cloud-based products with
both payment and acceptance capabilities; the communications theme
includes consumer-directed alerts, transactions and notification
preference products; and the commerce theme will include wallets, offers
and financial management tools. TSYS solutions address multiple customer
segments across multiple generations, from Millennials to Baby Boomers,
and segments such as small businesses, corporations and the underserved.
TSYS customers will benefit from this initiative by taking advantage of
TSYS' updated systems, which have been integrated to support the
connectivity, flexibility and expandability required to support the 24
billion connected devices expected in 2020, up from nine billion today.
Mobile devices alone will grow 100 percent from more than six billion
today to 12 billion in 2020, according to research released by GSMA* in
The initiative addresses consumers' demands for products and
applications that allow them to conduct commerce when, where and how
they choose in their businesses and lives. These consumers want a choice
in the way they pay for goods and services, moving from a traditional
piece of plastic, to a mobile phone, tablet or through any devices
available. TSYS is uniquely positioned to collaborate with industry
sectors that, according to the GSMA, will most benefit from the
proliferation of connected devices, including consumer electronics,
automotive, utilities and health.
"Two years ago the devices of choice were smart phones; now they are
tablets. Regardless of the devices used tomorrow, our focus on
people-centered payments paves the way for this agenda, with
functionality to support mobility, applications and commerce across any
device," said Paul Bridgewater, group executive of Global Product, TSYS.
"Today's consumers prefer trusted alternative channels for increased
mobility to facilitate online business and commerce -- and they expect
security, reliability and a seamless purchase experience that is simple
and intuitive. This agenda truly puts people at the center of payments."
TSYS will be utilizing its in-house expertise, existing relationships
and new certified partners to support these solutions. Under this
agenda, a number of solutions and products are available now, and others
will be expanded through a series of timed releases over the next 12-24
months to further address today's connected, mobile consumers.
*Groupe Spéciale Mobile Association
At TSYS, (NYSE: TSS), we believe payments should revolve around people --
not the other way around. We call this belief "People-Centered
Payments." By putting people at the center of every decision we make,
with unmatched customer service and industry insight, TSYS is able to
support financial institutions, businesses and governments in more than
80 countries. Offering merchant payment-acceptance solutions as well as
services in credit, debit, prepaid, mobile, chip, healthcare and more,
we make it possible for those in the global marketplace to conduct safe
and secure electronic transactions with trust and convenience.
TSYS' headquarters are located in Columbus, Georgia, with local offices
spread across the Americas, EMEA and Asia-Pacific. TSYS provides
services to more than half of the top 20 international banks, is a
Fortune 1000 company and was named one of the 2012 World's Most Ethical
Companies by Ethisphere magazine. For more information, please visit us
Cyle Mims, +1-706-644-3110
Shawn Roberts, +1-706-644-6081
© Business Wire 2012