TSYS Europe and Norwich Union (NU) today announced the successful launch of the Rewards card pilot programme in the UK.
The new prepaid Rewards card will be offered to NU Household customers and is now the second programme that NU has live on the TSYS Prepaid platform. Each Rewards card is preloaded with a value and can be used within a network of accepting retailers currently used for the NU insurance replacement card.
"When we first put the idea of the Rewards card to TSYS Europe, we knew it was going to be a tough task for them to complete the project within the timeframe we needed for a quick launch," said Howard Holmes for NU. "They have met this challenge, enabling us to have a successful launch of the Rewards card. This sends a strong message internally within NU that demanding programme timeframes can be met by TSYS Europe."
"The launch of the NU Rewards card is another example of TSYS delivering innovative prepaid programmes for our clients," said Kelley C. Knutson, managing director of TSYS Europe. "NU is one of the leading providers of general insurance in Europe, and this product will support their existing customer portfolio using a prepaid product."
The product is Visa supported and uses Raphaels Bank as the BIN sponsor.
TSYS now processes multiple prepaid portfolios for major banks across Europe, including Bank of Ireland, Royal Bank of Scotland, Santander and LloydsTSB.