COLUMBUS, Ga. & TOKYO--(BUSINESS WIRE)--TSYS announced today that it was selected by SBI Sumishin Net Bank (SSNB), one of the leading internet-based banks in Japan, to process its payment card portfolio. TSYS will provide processing and back-office operation services for SSNB to issue cards to consumers, including retail membership cards, a proprietary private-label credit card and association-branded credit cards.“As a newcomer in the cards industry, we found confidence in TSYS’ partnership approach to the business”
As an internet-based bank, SSNB has more than 750,000 accounts and plans to use its partnership with TSYS as a means to aggressively expand its card business.
“SBI Sumishin Net Bank leads the Japanese internet banking market with its innovative products and services,” said Gaylon Jowers, president of TSYS International. “TSYS is delighted to offer a full range of support for SSNB’s entry into the card business, in both system processing and back-office operations.”
“As a newcomer in the cards industry, we found confidence in TSYS’ partnership approach to the business,” said Tohru Nitadori, general manager of SBI Sumishin Net Bank’s card business division. “The dependability of TSYS’ processing platform will enable us to concentrate on new cardholder acquisition and new program introduction, and we look forward to calling on TSYS for its extensive knowledge and expertise in day-to-day operational matters including call center operations.”
“We believe the value of outsourcing has been proven time and time again in the Japanese card industry,” said Hitoshi Kondo, managing director of TSYS Japan. “We are strongly committed to our Japanese team and support its mission to meet the increased needs and expectation of clients.”
A conversion is expected in April of 2010.
About SBI Sumishin Net Bank
SBI Sumishin Net Bank (SSNB) is an Internet bank jointly established as an innovative customer-oriented new bank by SBI Holdings and The Sumitomo Trust Bank. As of end March 2010, the number of account surpassed 750,000, and the balance outstanding is 1.2 trillion yen. It offers full-banking services on 24 hours a day, 365 days a year, including various deposit transactions of yen and foreign currencies and fund settlement services as well as loan transactions including house and card loans. SSNB provides a wide variety of finance-related services including securities, life insurance, non-life insurance, credit cards, real estate, eCommerce settlement and asset management /control in response to various needs of 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, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contactnews@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its Web site.
Contacts
TSYS Media Relations
Cyle Mims, +1-706-644-3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
shawnroberts@tsys.com
Cyle Mims, +1-706-644-3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
shawnroberts@tsys.com
At A Glance
Source: via Business Wire Updated 07/07/2009 by company | |
| Headquarters: | Columbus, GA |
| Website: | http://www.tsys.com |
| CEO: | Philip Tomlinson |
| Employees: | 8,110 |
| Ticker: | TSS (NYSE) |
| Revenues: | $1.9 billion (2008) |
| Net Income: | $250 million (2008) |
Permalink: http://www.businesswire.com/news/home/20100420005364/en/Japanese-Internet-Bank-Selects-TSYS-Processing-Partner
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