TSYS Supports Android Pay
September 16 2015 - 4:00PM
Business Wire
TSYS® (NYSE: TSS) announced today it will expand the TSYS
Enterprise TokenizationSM solution to process tokenized
transactions made using Android Pay.
TSYS Enterprise Tokenization is a plug-and-play solution that
enables issuers to offer digital mobile payment technologies to
customers and the merchants that accept them. TSYS maintains active
dialogue across the industry and consistently invests in solutions
to support the evolving digital commerce landscape. This includes
payment brands, smartphone providers and payment platforms such as
Android Pay which is enabled by the Android operating system.
Android Pay began rolling out gradually on September 10 and will
continue across the next few days.
TSYS’ new Host Card Emulation (HCE) solution enhances its
existing TSYS Enterprise Tokenization solution to empower mobile
payment solutions like Android Pay. It allows payment card
information to be stored in the cloud and transferred by a tap of
the mobile device at the merchant terminal.
According to eMarketer, the number of smartphone users worldwide
is expected to surpass 2 billion in 2016 – 51.7 percent of all
mobile phone users1. The Android operating system runs a majority
of all smartphones, and major carriers have committed to providing
Android Pay to their customers.
“TSYS will continue to make new digital payment solutions like
Android Pay a priority as we strengthen our commitment to mobile
payments and the freedom of choice and convenience they provide,"
said Gaylon Jowers, senior executive vice president, TSYS. "We are
optimistic about the positive impact of Android Pay in the mobile
payments market, and look forward to supporting all of our clients
in their efforts to offer secure and convenient mobile payments for
their customers."
1 eMarketer, “2 Billion Consumers Worldwide to Get Smart(phones)
by 2016”, Dec. 11, 2014
About TSYS
At TSYS® (NYSE: TSS), we believe payments should revolve around
people, not the other way around. We call this belief
People-Centered Payments®. By putting people at the center of every
decision we make, TSYS supports financial institutions, businesses
and governments in more than 80 countries. Through NetSpend®, A
TSYS Company, we empower consumers with the convenience, security,
and freedom to be self-banked. TSYS offers issuer services and
merchant payment acceptance for credit, debit, prepaid, healthcare
and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with
local offices spread across the Americas, EMEA and Asia-Pacific.
TSYS is a member of The Civic 50 and was named one of the 2015
World's Most Ethical Companies by Ethisphere magazine. TSYS
routinely posts all important information on its website. For more,
please visit us at www.tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150916006662/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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