Latest TSYS News: Finextra Research

TSYS announces job cuts; First Data boosted by Western Union

Electronic payments processor Total Systems Services (TSYS) is to cut its workforce by 237 employees in a cost-cutting and efficiency drive.

05 February 2004

/retail

Providian Financial selects TSYS for Visa and MasterCard authentication

US card issuer Providian Financial has implemented technology from TSYS to deliver both Verfied by Visa and MasterCard SecureCode online authentication services to its 10 million customers.

04 February 2004

/payments

Canada and Europe boost TSYS receipts

Credit card processor Total System Services (TSYS) is reporting an 11% gain in fourth quarter income as annual revenues surpass the $1 billion mark for the first time.

21 January 2004

/retail

CIBC introduces Verified by Visa

CIBC has become the first major Canadian bank to introduce online authentication for cardholders shopping over the Internet.

15 December 2003

/retail

TSYS appoints Knutson to head European business

EFT vendor TSYS continues the shake-up of its top management with the appointment of Kelly Knutson as managing director of its European business.

15 December 2003

/retail

Card issuers turning to Web for service delivery and new business

Card issuers are increasingly turning to the Internet to deliver customer services and to acquire new accounts, according to a survey commissioned by US electronic payments firm TSYS and conducted in partnership with FiSite Research.

25 September 2003

/retail

TSYS to build European data centre

Electronic payments firm TSYS is to build a customised data centre in the UK to serve its European clients and support its expansion throughout the continent.

30 July 2003

/retail

TSYS targets loyalty programmes with ESC acquisition

Electronic payments outfit TSYS has acquired Enhancement Services Corporation (ESC) which provides targeted loyalty consulting and travel, as well as gift card and merchandise reward programmes to more than 40 national and regional financial institutions in the United States, including two top-ten banks.

30 April 2003

/retail

Navy Federal first to offer both MasterCard and Visa authentication

US credit union Navy Federal is to provide customers who sign up for its CardGuard service with access to both MasterCard SecureCode and Verified for Visa authentication schemes.

17 December 2002

/retail

CIBC outsources Visa accounts to TSYS

CIBC has signed a ten-year outsourcing agreement with Georgia-based payments outfit Total System Services (TSYS) for its portfolio of five million Visa accounts.

06 August 2002

/retail

M&T Bank launches mass transit store-of-value card

E-payments outfit TSYS is to provide card processing services to Buffalo-based M&T Bank for the roll out of a store-of-value mass transit card in conjunction with MasterCard.

22 November 2001

/retail

TSYS, Gemplus and IBM forge smart card alliance

TSYS, Gemplus and IBM have teamed up to develop a multi-application smart card management system aimed at simplifying and streamlining the process for companies to implement chip-card programmes.

25 October 2001

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