PayPal and The Royal Bank of Scotland Win at The Card Awards 2009
"Best New Prepaid Product of the Year" Enabled Through TSYS
Columbus, Ga., and London, 6 April, 2009 — PayPal and The Royal Bank of Scotland have won the 'Best New Prepaid Card Product of the Year' at Card Awards 2009. The award recognised their successful PayPal Top Up product, which is processed by global payments services provider, TSYS.
PayPal partnered with The Royal Bank of Scotland to launch the PayPal Top Up Card in August 2008. The prepaid product has succeeded in making the PayPal brand more visible offline and has attracted new customers who did not previously have a PayPal account.
"As the leading gift and prepaid services provider in the UK, TSYS would like to congratulate PayPal and The Royal Bank of Scotland for this prominent award," said Kelley Knutson, executive vice president of TSYS Global Services. "The Card Awards is a prestigious event which recognises excellence and best practices in the UK and Irish card payments markets."
This is the second year that a TSYS client has won the award in the prepaid category. In 2008, Lloyds TSB was selected as the winner for their Lloyds TSB Silver Account & Money Transfer Card.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 70 million active accounts in 190 markets and 19 currencies around the world, PayPal enables global ecommerce.
PayPal Europe S.ár.l. et Cie S.C.A. is a Luxembourg-based limited liability partnership, which is regulated by the Commission de Surveillance du Secteur Financier ('CSSF') in Luxembourg. PayPal Inc is the ultimate parent of PayPal Europe S.ár.l. et Cie S.C.A. and is 100% owned by eBay Inc. PayPal Inc was set up in the US in December 1998 and acquired by eBay Inc in 2002.
More information about the company can be found at www.paypal.co.uk or www.paypal.co.uk/press.
About PayPal Top Up Card
The PayPal Top Up Card is available to both PayPal and non-PayPal account customers. It costs £4.95, making it one of the most competitive cards in the market. It can be loaded with money at Post Offices, PayPoint outlets across the country and online at www.paypal.co.uk. The card is free to reload via PayPal. Once loaded, the card can be used to shop online, over the telephone or on the high street, almost anywhere the VISA logo is displayed, anywhere in the world. PayPal account holders will also be able to transfer funds from their PayPal account directly onto the card.
About The Royal Bank of Scotland Group
The RBS Group is a leading financial services company providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth management services. The RBS Group operates in the Americas, Asia and the Middle East serving more than 40 million customers.
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
Victoria Winn
TSYS Europe
+44 1904 562 577
victoriawinn@tsys.com