TSYS (NYSE: TSS) announced today its agenda for connected mobility to support commerce for digitally active consumers - those accustomed to navigating their daily lives with smart phones, tablets, game systems, electronic readers and computers. This initiative will enable consumers and businesses to connect and communicate in real time through a variety of devices that support mobility, business applications and commerce.
The agenda will offer technology, including API interfaces and consumer-facing applications, to support any mobile network operator, manufacturer, wallet provider, applications provider or payments network. It includes three themes "” payments, communications and commerce. The payments theme includes NFC and cloud-based products with both payment and acceptance capabilities; the communications theme includes consumer-directed alerts, transactions and notification preference products; and the commerce theme will include wallets, offers and financial management tools. TSYS solutions address multiple customer segments across multiple generations, from Millennials to Baby Boomers, and segments such as small businesses, corporations and the underserved.
TSYS customers will benefit from this initiative by taking advantage of TSYS´ updated systems, which have been integrated to support the connectivity, flexibility and expandability required to support the 24 billion connected devices expected in 2020, up from nine billion today. Mobile devices alone will grow 100 percent from more than six billion today to 12 billion in 2020, according to research released by GSMA* in October 2011.
The initiative addresses consumers´ demands for products and applications that allow them to conduct commerce when, where and how they choose in their businesses and lives. These consumers want a choice in the way they pay for goods and services, moving from a traditional piece of plastic, to a mobile phone, tablet or through any devices available. TSYS is uniquely positioned to collaborate with industry sectors that, according to the GSMA, will most benefit from the proliferation of connected devices, including consumer electronics, automotive, utilities and health.
"Two years ago the devices of choice were smart phones; now they are tablets. Regardless of the devices used tomorrow, our focus on people-centered payments paves the way for this agenda, with functionality to support mobility, applications and commerce across any device," said Paul Bridgewater, group executive of Global Product, TSYS. "Today´s consumers prefer trusted alternative channels for increased mobility to facilitate online business and commerce "” and they expect security, reliability and a seamless purchase experience that is simple and intuitive. This agenda truly puts people at the center of payments."
TSYS will be utilizing its in-house expertise, existing relationships and new certified partners to support these solutions. Under this agenda, a number of solutions and products are available now, and others will be expanded through a series of timed releases over the next 12-24 months to further address today´s connected, mobile consumers.
*Groupe Spéciale Mobile Association
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, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
TSYS´ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, is a Fortune 1000 company and was named one of the 2012 World´s Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.
