TSYS recently named Antonio Jorge "AJ" de Castro Bueno as the new Business Expansion Director of TSYS do Brazil to lead its market entry into the Brazilian payments market.
"The Brazilian payments market, dominated today by multi-terminal credit and debit card transactions, has a tremendous potential to evolve to offer diversified, practical and economical solutions, such as point-of-sale (POS) terminal sharing," said Bueno. "TSYS, a US $1.8 billion company in 2007, has the technology, experience, resources and intent to participate in this evolution."
Bueno's presentation will focus on the expansion of the electronic payments market, especially in Brazil, the second largest market in the Americas and fifth in the world according to Euromonitor. He will compare the acquiring systems used in Brazil with those of the Japanese, Korean, German and Canadian markets, and share his insight into a possible evolution of the Brazilian market.
TSYS, which grew its international operations 33 percent in 2007, has confirmed its intent to participate in the changing Brazilian marketplace. Efforts are currently underway to make products and services market ready, with an initial focus on TS PrimeSM, its issuing and acquiring management software adopted by more than 100 financial institutions worldwide.
"We're confident that AJ will bring the same level of excellence to Brazil that TSYS is known for around the world," said Gaylon Jowers, president of TSYS International. "We are confident that the Brazilian market will be a successful part of our business."
Before joining TSYS, Bueno worked for companies such as ACI Worldwide, Grupo Omnia, Banco PanAmericano, ADP Systems and Grupo Villares.