I2c, a global provider of smarter payments and integrated commerce solutions, and TIS Inc., a leading payments solution provider supporting the end-to-end IT needs of banks and card issuers in Japan and Asia, today announced a strategic partnership to standardise prepaid payment solutions on the i2c processing platform.
Under terms of the multi-year partnership, TIS will adopt the i2c platform as its standard for prepaid card processing and expand its use to support credit and debit card payment processing in key Asian markets in the near future.
TIS is a leading payments solution provider with a long track record of working with banks and issuers and a deep understanding of trends Japanese and other Asian markets. The partnership gives TIS greater flexibility to work with banks and card issuers to deliver customized solutions that can scale up and down to meet the requirements of different markets. With i2c's proven platform, TIS can offer card control features that significantly enhance the cardholder experience, such as the ability to set spending limits and parental controls via online or mobile device. This functionality allows banks and their groups to offer consumers the ability to tailor their own solutions to meet individual needs.
"Leveraging i2c's global cloud-based platform allows TIS to deliver an expanded set of reliable and flexible payments capabilities that deliver enhanced features and services," said Mitushi Nishida, Executive Vice President of TIS. "The technology and partnership will help us strengthen our market position while enabling us to expand our reach to new customers and markets, supporting our strategic growth in Japan and across Asia."
"i2c has expanded rapidly in Asia, and a strategic relationship with TIS, which has broad and deep experience in Japan and throughout Asia, will help accelerate our growth in the region," commented Amir Wain, i2c's founder and CEO. "Our scalable, global technology and services platform gives our customers and partners around the world the flexibility to deliver next-generation payments solutions. We are proud to team with TIS to deliver a new class of highly differentiated products specific to the unique market needs across Japan and Asia."