Total System Services Unveils SureWalletSM, its Electronic Wallet Solution
Selects The Globeset BankTone™ Wallet For Electronic Wallet Capability
Columbus, Ga., November 17, 1999 - Total System Services, Inc.® (TSYS®) (NYSE: "TSS"), today announced that its digital wallet solution, SureWalletSM, will be provided by Globeset, Inc., the world’s leading provider of secure electronic software solutions.
Built using the Globeset BankTone Wallet, TSYS’ SureWallet gives any card issuer the ability to market a fully secure, easy to use digital wallet. SureWallet is different from other digital wallets in that the consumer enters information such as name, shipping address and account numbers only once.
When the consumer is ready to make a purchase, they simply click ‘buy now’ and the SureWallet server populates the required purchase information to the selected merchant’s online order form. Card issuers can offer their customers virtually instant access to true one-click purchase from any PC, whenever and wherever the Internet is accessed.
SureWallet is a component of SureTransactSM, TSYS’ comprehensive suite of issuer-branded e-commerce solutions. SureWallet enables issuers to serve consumers’ exploding demand for fast, easy-to-use, ultra-secure Internet shopping solutions. On a global scale, 183 million people are projected to be shopping on the Web by 2003, tallying up nearly $1 trillion in purchases, according to studies published by International Data Corp. of Framingham, Mass.
"Consumers are rapidly adapting to the convenience of Internet shopping, and we are meeting their demands for secure and convenient electronic transactions," said Ron Spivey, Director of Electronic Commerce at TSYS. "By partnering with Globeset, TSYS provides card issuers with a value-added service that is intuitive, quick, secure, and easily branded."
TSYS’ SureTransactSM family of products includes:
- SureServiceSM – Internet customer service
- SureAppSM – Internet real-time credit decisioning and application
- SureMessageSM – Packet-based messaging for TSYS processing systems
- SureRemitSM – Internet bill presentment and payment
- SureWalletSM – Internet issuer-branded digital wallets
TSYS has joined Globeset’s channel partner program and will distribute the Globeset BankToneTM Wallet worldwide to financial institutions. The server-based Wallet allows issuers to certify their creditworthy customers prior to each transaction, and safely store critical consumer data, such as card numbers and passwords behind ultra-secure server-side firewalls. Merchants, issuers and backing financial institutions all benefit from increased security, a reduction in fraudulent use, and reduced transaction abandonment.
"TSYS is one of the world’s largest and most influential data management and transaction processors. We are extremely pleased to win TSYS’ endorsement through the integration of Globeset Wallet technology into the TSYS e-commerce product suite," said Michael Cation, president and CEO of Globeset.
About Globeset
Globeset, the world’s largest channel provider of secure transaction software for the Internet, is pioneering the dawn of a new standard in global e-Commerce. The company’s server-based products enable channel partners worldwide to integrate and deploy e-Commerce solutions that can be easily migrated across multiple platforms and evolving transaction/certificate standards. Supported by offices in the U.S., Europe, and Asia Pacific, Globeset’s channel partners include leading retail and financial service providers that in combination touch a majority of the world’s e-Commerce transactions. Globeset, Inc. was founded in 1996, and is a privately held corporation headquartered in Austin, Texas. For more information, visit us on the Web at: http://www.globeset.com/
About Total System Services
TSYS is one of the world’s leading processors of data and transactions for domestic and international issuers of credit, debit, commercial and private-label cards. TSYS’ sophisticated systems offer online accounting, data processing, electronic commerce services, portfolio management, account acquisition, credit evaluation, risk management and customer service. Through our family of companies, TSYS services the entire lifecycle of card accounts and processes millions and millions of accounts that allow consumers to use their cards anytime, anywhere. Headquartered in Columbus, Ga., TSYS (www.totalsystem.com) is an 80.8 percent owned subsidiary of Synovus Financial Corp. (NYSE: "SNV") (www.synovus.com) named the Best Company to Work for in America by FORTUNE magazine.
Contacts:
Danita Gibson-Lloyd
Corporate Communications Manager
ph. (706) 649-5578
dglloyd@totalsystem.com
Kristy Ozmun
Ozmun PR
ph. (512) 452-3444
ozmunk@chopr.com
John Wilkinson
Globeset
ph. (512) 427-7711
john_wilkinson@globeset.com