Prepaid programs are fast becoming high-growth products in international markets. But launching one effectively is no easy task. In a recent podcast interview with PYMNTS.com’s Jeff Green, Amit Sethi, TSYS exec and co-chair of the Prepaid International Forum India, discussed some strategic musts.
Consumers are using their smartphones for all things retail these days. Well, not all things. When it comes to collecting coupons, many are still relying on more traditional methods like newspapers instead of turning to their mobile devices. In a recent podcast interview with PYMNTS,...
TSYS announced that they have named a new group executive, chief procurement officer, responsible for procurement, vendor management and supplier management. Walter Taylor, a senior executive with more than 30 years of technology and operations experience in the payments and financial services industry will now...
Mobile wallets are convenient, but apparently not that convenient, consumers say. While more and more of them are choosing among a growing selection of mobile wallet apps, a recent TSYS study indicates that consumers are still hesitant to completely chuck their physical cards and physical...
FI’s don’t have to flock to the “shiny new thing” to get cardholders to make a particular payment method top of wallet. In fact, a study released just today from TSYS reveals several “old school” methods that boost cardholder loyalty, proving that sometimes tradition trumps...
Frustrated with Japan's centralized, primarily in-house card-issuing market, TSYS has decided to leave the country and focus its efforts on other business opportunities. In recent short order, the processor has landed a number of major deals, including with the UK's Virgin Money and a partnership...
Total System Services Inc. on April 22 reported first quarter revenue of $592.8 million, up 32.1 percent from $448.8 million during the same period ended March 31 last year. Net income was down 12.7 percent to $51.6 million. The company’s stock price closed at $29.20,...
The key to running a successful prepaid program in any market globally is to develop profitable and ethical business practices,something Amit Sethi dubs “market-appropriate” business models. And innovation plays a big part in this said Sethi, the co-chairman of the Prepaid International Forum India and...
About a year has passed since TSYS first announced plans to acquire NetSpend. Now in TSYS’s ownership, the prepaid card provider’s main challenge has remained steady: re-educating consumers so they understand there are electronic-payment alternatives to traditional banking. In a recent podcast interview with Karen...
