TSYS Output Services Receives Prestigious MasterCard Certification
November 19 2015 - 9:00AM
Business Wire
TSYS (NYSE: TSS) announced today that its Output Services
division has earned a two-year certification from MasterCard’s Card
Quality Management program.
The TSYS Card Shop began manufacturing chip cards in April 2015.
This entry into chip card manufacturing introduced an obligation to
meet certain quality standards mandated by MasterCard.
Specifically, MasterCard has established a proprietary Card Quality
Management (CQM) program aligned with International Organization
for Standardization (ISO) methodologies. The CQM requirements help
ensure that people, processes and technologies involved in the card
supply chain offer consistent, sustainable and reliable
manufacturing and quality processes.
MasterCard mandated that card manufacturers of
MasterCard-branded chip cards obtain independent validation of
their compliance with CQM which TSYS completed in July as part of a
2-day audit. MasterCard outsourced the vetting process to Smart
Consulting, which has only seven approved independent CQM assessors
worldwide.
TSYS was audited in three areas:
- Quality Management System – Overall
quality policy and objectives across areas such as product design
and development, purchasing, production and quality
measurements.
- Card Body – The construction of payment
cards related to quality, manufacturing processes, components and
resistance to damage.
- Integrated Circuit Card – The quality
of integrated circuit modules related to their resistance to
damage, functionality and proper placement on the payment
card.
Although CQM is specific to MasterCard, TSYS elected to
implement the requirements for its entire chip card manufacturing
process.
“This was a monumental task,” said Blake Barker, group executive
of Output Services, TSYS. “We received official notification of the
CQM mandated requirement in February, and we worked relentlessly
since late February to prepare for the audit/certification. This
required great teamwork and long hours, and it is an excellent
example of a group pulling together to excel.”
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,
visit us at www.tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151119005173/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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