TSYS Signs Payments Agreement with Leading Virtual Card Issuer Optal
October 26 2016 - 4:00AM
Business Wire
TSYS (NYSE: TSS) today announced that it has signed a payments
agreement with Optal Financial Limited, one of Europe’s leading
virtual card issuers. Under the agreement, TSYS will process
authorisations for Optal’s significant virtual payments card
business.
With offices in Australia, UK and Hong Kong, Optal is a
worldwide company that provides end-to-end B2B payments services.
Their products include virtual account numbers (VANs) that ensure
supplier payments are processed quickly and safely, enabling
automated reconciliation at the point of sale.
“Optal is an innovative leader in virtual payments, and we are
excited to begin a new long-term relationship with them,” said Rob
Hudson, group executive of TSYS International. “With our experience
in the European payments market, as well as globally, TSYS will
enable Optal to continue its virtual cards growth agenda and drive
value to their end customers.”
“We’re impressed by the robust processing platform, breadth of
capability and high availability service that TSYS provide and are
excited about partnering with them to improve service to our
clients globally,” said Alex Mills, chief operating officer of
Optal.
No terms of the long-term agreement were announced.
About Optal
Optal is re-inventing how payment processes work across complex
industries. By stripping payment processes of their customary
inefficiency, we help companies boost profitability across a
growing number of sectors around the world.
As a long term strategic partner and a principal member of
MasterCard in the UK and Hong Kong, Optal issues and acquires
MasterCard branded payment products, driving its focus on
developing and bringing to market game-changing payment
solutions.
Optal holds a 23.5% interest in eNett International, a
specialist global travel payments company, and is its primary
issuer of virtual credit cards.
For more information about Optal, visit www.optal.com.
About TSYS
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment
providers, businesses and consumers. Our headquarters are in
Columbus, Georgia, USA, and we operate in more than 80 countries
with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management — delivered through partnership and
expertise. We succeed because we put people, and their needs, at
the heart of every decision. It’s an approach we call
‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way
toward the payments of tomorrow. We routinely post all important
information on our website. For more, visit us at tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161026005205/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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