Strategic Marketing Alliance Extends World-Class Payment Solutions to Credit Union

COLUMBUS, Ga., Apr 29, 2010 —TSYS announced today that it has signed a multi-year strategic marketing       alliance agreement with Alaska Option(R) to provide     feature-rich VISA and MasterCard credit and signature debit card     programs, PIN-based ATM/POS network services, and fraud management       solutions for credit unions.

This alliance will offer best in class credit and debit card services on       a very competitive basis that will enhance the cardholder experience and     provide additional revenue opportunities to credit unions. It will also     allow these institutions to reduce back office expenses through     integrated settlement, dispute management and reconciliation processes.      Credit unions may now select to work with one payment provider for all     of their card program and electronic funds transfer (EFT) payment needs.

“Alaska Option is a well-respected, full service EFT network that we are       proud to add as a partner with our TSYS Program Solutions division,”      said M. Troy Woods, president and chief operating officer, TSYS.  “We     believe this relationship will enhance the product offerings of Alaska     Option while creating additional opportunities for TSYS.”

“Alaska Option is excited about its partnership with TSYS and our mutual       ability to offer a comprehensive set of signature and PIN-based card     services, ATM driving, and fraud management tools to credit unions and     community banks,” said B. John Shipe, president of Alaska Option.  “Our     firms share a core set of values that center around providing     outstanding service, convenience, and value to our customers.”

TSYS Program Solutions, a division of TSYS which focuses on credit     unions and other regional financial institutions, will provide Alaska     Option with leading-edge product development, new account origination,      portfolio management and turnkey operating solutions for consumer and     commercial credit cards. TSYS’ data-driven approach and extensive brand     management experience will make it seamless for Alaska Option’s clients     to profitably engage in the credit card business with best-in-class     solutions.

Alaska Option enables financial institutions to take advantage of such     benefits as: full featured and robust ATM driving services, the ability     to accept a wide array of cards, a nationally recognized PIN debit point     of sale program and the convenience of a single point of settlement for     PIN-based transactions.

Terms of the long-term agreement were not released.

About TSYS

TSYS /quotes/comstock/13*!tss/quotes/nls/tss (TSS 16.12, +0.08, +0.50%) 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 contact news@tsys.com     or log on to www.tsys.com.      TSYS routinely posts all important information on its Web site.

About Alaska Option

Alaska Option Services Corporation was founded in 1983 by seven     financial institutions to provide shared electronic funds transfer (EFT)      services to its member banks and credit unions. In 1986, Alaska Option     initiated one of the first online debit card point of sale programs in     the country. This program consistently ranks in the top ten nationally     in terms of volume, with Alaska Option branded cards accepted at over     1.2 million merchant locations. Today, Alaska Option offers a full range     of PIN-based debit processing, ATM driving and card production services     to financial institutions throughout the U.S. For more information, log     on to www.alaskaoption.com.

SOURCE: TSYS

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



Recent Content

Membership and Pricing

Videos and podcasts

Membership and Pricing