Wells Fargo extends 25-year processing partnership with TSYS
US bank resigns for TSYS payments technology.
US bank resigns for TSYS payments technology.
TSYS adds a few years to ongoing payments deal with TD Bank.
Newly merged commercial bank kicks on with its tech deployment.
The agreement will expand payments capabilities to merchants.
iPayment Inc., a payments processor that specializes in small and medium-size businesses, has hired industry veteran John Badovinac to serving as vice president, integrated payments.
Less than two months following the initial announcement from partners Netspend, a TSYS Company, and United Airlines, the prepaid industry’s first air miles rewards card is now available online. Paybefore readers believe more prepaid providers will follow suit with air miles rewards of their own.
Netspend has launched a Visa-branded prepaid card that enables cardholders to earn miles good for travel through United Airlines’ MileagePlus loyalty program. The product addresses one of the main issues facing prepaid providers—long-term cardholder retention.
The digital edition of the spring 2017 issue of Pay Magazine is now available and it’s full of insights and information to help move your company forward. A theme of the spring issue is game-changing technology—and the innovators, products and companies behind it. This edition of Pay Magazine includes an interview with The Bancorp’s Jeremy Kuiper, who discusses some of the major shifts occurring in the industry.
Netspend has landed a 20-year prepaid industry veteran in Jeff Johnson to manage the financial services provider’s commercial prepaid channel, the company announced March 2. The freshly minted senior vice president for commercial prepaid will oversee Netspend’s programs for paycards, incentives, disbursements and awards, as well as the Tip Network, which serves businesses whose employees supplement their incomes with tips.
TSYS-owned NetSpend is negotiating with the Federal Trade Commission over the agency’s allegations that the prepaid provider deceived cardholders and denied or delayed their access to funds, TSYS Chairman and CEO Troy Woods told analysts this week in a fourth-quarter earnings call. TSYS also announced that NetSpend is working on diversification, including the launch of a demand deposit account later this year.