TSYS to Provide Travel Bank With Japan's First Visa Prepaid Card
Columbus, Ga. and Tokyo, May 14,, January 29, 2009 — TSYS announced today that it would begin processing Visa-branded prepaid cards for the Japanese market in July 2009. The prepaid cards will be issued by Travel Bank Inc., a financial services company that is part of the JTB Group. Consumers can use the cards to make payments at Visa merchants when traveling overseas or to withdraw cash from Visa ATMs.
"Prepaid cards are a trusted alternative to travelers' checks in many countries, and the number of issuers that are interested in prepaid is increasing worldwide," said Gaylon Jowers, Jr. President of TSYS International. "We are delighted to be expanding service to the Japanese tourism industry, and we applaud Travel Bank's decision to offer prepaid cards that are safe, flexible and can satisfy consumers' unique needs."
"We are confident that Japanese consumers who travel overseas will find Visa-branded prepaid cards to be a convenient way to pay when traveling abroad," said Hitoshi Kondo, managing director of TSYS Japan. "We have been working with Travel Bank on its retail gift products for more than a year and are proud to expand our partnership to provide service to Japan's largest travel agency group."
TSYS is one of the world's largest processors for branded prepaid cards. In Japan, the company offers payment-related services for debit, credit, retail gift, loyalty and prepaid products to a variety of industries through its wholly owned subsidiary, TSYS Japan.
About Travel Bank, Inc.
Travel Bank, Inc. is a company of the JTB group. Since its establishment in 1997, it has offered financial products and services to consumers, including support service for international ATM card issued by Japanese banks and membership services for affluent customers of trust banks. Travel Bank has obtained Visa Membership to begin offering Visa Prepaid Card as Japan's first-of-its-kind issuer. For further details, please refer to http://www.travel-bank.co.jp/ (Japanese language site).
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