Tsys announced today the extension of its agreement with Toyota Finance to include prepaid payment and processing services.
Toyota's innovative e-money product, Tressa Style Card Plus, is a reward card that can facilitate transactions as either prepaid or QUICPay contactless card payments. The card will be issued by Toyota Finance to consumers at Tressa Yokohama, a large shopping mall located in Yokohama City, Japan.
"As the world's third largest card market, Japan has pioneered the development of e-money products, often presenting some of the most innovative ideas in the industry," said Gaylon Jowers, President of TSYS International. "Toyota Finance has been a marquee client since 2006, and we are honored to extend our relationship to include processing services for its new prepaid product."
"We are thrilled to be able to offer shoppers at Tressa Yokohama multiple payment options by using either the prepaid function or the QUICPay function of the card," said Hitoshi Kondo, managing director of TSYS Japan. "TSYS has a state-of-the-art retail gift platform, and we are proud to bring this premier processing service to Toyota and its innovative prepaid product."
In the Japanese market, TSYS offers payment processing and related services for debit, credit, retail gift, loyalty and prepaid products to a variety of industries through its wholly owned subsidiary, TSYS Japan.