Tempe, Ariz., Oct. 13, 2009 - TSYS today announced the introduction of MobilePASSTM, an innovative payment application that gives merchants the ability to accept and process card payments any time, anywhere, while providing consumers with the convenience they demand. MobilePASS is positioned as part of the company's initiative for enterprise-wide innovation, n>genuity in action: n>genSM.
MobilePASS, a game-changing, smartphone-based payment application available exclusively from TSYS Acquiring Solutions, enables merchants to accept and process card payments while on-the-go. A convenient alternative to traditional and expensive payment applications such as wireless terminals, Interactive Voice Response (IVR) systems and old-fashioned knuckle busters, MobilePASS is designed for the 21st century merchant.
MobilePASS offers credit and debit card processing, voids, returns and reporting in a quick and intuitive way, enabling merchants to process a sale regardless of where their business takes them. Cardholder data is protected in the event that the smartphone is lost or stolen, because data is not stored on the device. As a result, merchants can focus on servicing customers and growing their business without being hindered by security concerns.
"TSYS Acquiring Solutions has changed the landscape of the payments industry with the introduction of MobilePASS," said Bob Philbin, president of TSYS Acquiring Solutions. "With this application, TSYS has taken its trusted reputation for security and convenience to a whole new level. The future of payments is here and MobilePASS is just one of our solutions designed to meet the needs of the consumer."
When coupled with the PayMate Pro 200 - an optional Bluetooth® magnetic stripe reader and thermal printer - MobilePASS allows merchants to qualify for card-present interchange rates.
"MobilePASS is a huge step forward for mobile payments solutions," said Dhruv Singh, PayMate's executive vice president for North American operations. "It's clear that TSYS is providing products that the industry demands."
About TSYS Acquiring Solutions
TSYS Acquiring Solutions is the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers. TSYS Acquiring Solutions delivers comprehensive solutions and support that securely and reliably process billions of credit and debit transactions every year. From authorization and capture services to the clearing and settling of merchant transactions, critical customer support functions and information management services, TSYS Acquiring Solutions helps acquirers effectively manage and grow their merchant portfolios. TSYS Acquiring Solutions is a wholly owned TSYS® (NYSE: TSS) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com, or by calling our sales hotline at 480.333.7799 or e-mailing acq-sales@tsys.com.
About PayMate
PayMate is a pioneer in the fast-growing mobile payments space, enabling simple and secure electronic transactions using the mobile phone for both consumers and merchants. PayMate adheres to the highest security standards in the electronic payments industry. For more information, please visit www.gopaymate.com.
Contacts
Cyle Mims
TSYS Media Relations
+1.706.644.3110
cylemims@tsys.com
