TSYS Provides Toyota Finance with Prepaid Payments
Columbus, Ga., June 18, 2009 — TSYS announced today the extension of its agreement with Toyota Finance Inc. to include prepaid payment and processing services. Toyota's innovative e-money product, Tressa Style Card Plus, is a reward card that can facilitate transactions as either prepaid or QUICPay contactless card payments. The card will be issued by Toyota Finance to consumers at Tressa Yokohama, a large shopping mall located in Yokohama City, Japan.
"As the world's third largest card market, Japan has pioneered the development of e-money products, often presenting some of the most innovative ideas in the industry," said Gaylon Jowers, President of TSYS International. "Toyota Finance has been a marquee client since 2006, and we are honored to extend our relationship to include processing services for its new prepaid product."
"We are thrilled to be able to offer shoppers at Tressa Yokohama multiple payment options by using either the prepaid function or the QUICPay function of the card," said Hitoshi Kondo, managing director of TSYS Japan. "TSYS has a state-of-the-art retail gift platform, and we are proud to bring this premier processing service to Toyota and its innovative prepaid product."
In the Japanese market, TSYS offers payment processing and related services for debit, credit, retail gift, loyalty and prepaid products to a variety of industries through its wholly owned subsidiary, TSYS Japan.
About Toyota Finance Inc.
Toyota Finance Corporation was established as a financial partner to the Toyota Motors group of companies, providing car loans, leasing, home loans, credit cards, corporate financing and mortgage loans. Since its inception, Toyota Finance has enjoyed rapid growth in the card business. In 2008, the number of active cardholders in its portfolio reached 7.2 million, with total transaction volumes exceeding $18 billion.
About QUICPay
QUICPay is one of Japan's most popular contactless chip-based e-money schemes. By pre-registering the card number, consumers can use the QUICPay function for payment by simply holding the card near the point-of-sale terminal at convenience stores, gas stations and other retail outlets. QUICPay then bills the purchase amount to the cardholder along with their regular credit card bill.
About TSYS
TSYS (NYSE: TSS) is one of the world's largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, debt management, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information, contact news@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its website.
Contacts
Cyle Mims
TSYS Media Relations
+1.706.644.3110
cylemims@tsys.com
Shawn Roberts
TSYS Investor Relations
+1.706.644.6081
shawnroberts@tsys.com