TSYS Enables Tokenization for Commercial Card Issuers
May 30 2017 - 8:00AM
Business Wire
Leading commercial card processor becomes first to enable
tokenization for clients
TSYS (NYSE: TSS) announced today that it has enabled
tokenization across all of its North American commercial card
platforms. TSYS is the first commercial card processor to allow its
Visa® and Mastercard® corporate, purchasing and small business card
clients to offer their cardholders the ability to pay with a mobile
device using Apple Pay®, Android Pay® or Samsung Pay®.
According to Business Insider’s Mobile Payments Report from June
2016, the number of mobile payment users is projected to be 150
million by 2020. With TSYS’s new commercial tokenization, corporate
cardholders can now carry their personal payment preferences into
the commercial setting with the ability to take advantage of the
ease and security of mobile payments.
U.S. Bank, a long-time TSYS client, recently became the first
commercial card issuer to begin enrolling clients with a mobile
payment solution for Visa corporate card transactions.
“We are excited to be able to offer this capability to our Visa
and Mastercard commercial issuers, enabling them to be first in
market with a mobile solution for their cardholders," said Pam
Joseph, president and chief operating officer, TSYS. “To do this
across all of our U.S. platforms, and to have clients in-market
already today with these capabilities, is further testament to our
standing as the leader in the commercial payments market.”
TSYS’ proven Enterprise Tokenization solution secures commercial
payment card information for purchases made online, through mobile
devices and “digital wallet” applications.
About TSYS
TSYS® (NYSE: TSS) is a leading global payments provider,
offering seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management. We succeed because we put people,
and their needs, at the heart of every decision. It’s an approach
we call ‘People-Centered Payments®’.
TSYS Enables Tokenization for Commercial Card Issuers/p.
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Our headquarters are located in Columbus, Ga., U.S.A., with
approximately 11,500 team members and local offices spread across
13 countries. TSYS generated revenue of $4.2 billion in 2016, while
processing more than 25.5 billion transactions. We are a member of
The Civic 50 and were named one of the 2017 World's Most Ethical
Companies by Ethisphere magazine. TSYS is a member of the S&P
500 and routinely posts all important information on its website.
For more, visit tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170530005164/en/
TSYSMedia RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorInvestor RelationsShawn Roberts,
+1-706-644-6081shawnroberts@tsys.com
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