TSYS Certified To Process Prepaid Cards On MasterCard Network In Europe
TSYS has announced it is now certified to support open-loop prepaid cards in Europe on the MasterCard network. The certification includes capability for chip-and-PIN processing on MasterCard's network.
"TSYS appreciates the pioneering spirit and record of innovation that MasterCard has delivered in Europe's emerging prepaid marketplace," says Kelley C. Knutson, managing director of TSYS Europe. "In a similar spirit of true partnership, we are committed to bringing our clients access to the entire range of prepaid technologies through MasterCard's network.""This deal further strengthens our long-term strategic partnership with TSYS," says Chris Reddish, head of prepaid for MasterCard Europe. "By continuing to work together to deliver innovative customer-focused prepaid solutions I am confident that MasterCard will retain its pre-eminent position in this market in Europe."
The announcement marks another milestone in a long-standing relationship between TSYS Card Tech, acquired by TSYS earlier this year, and MasterCard. Card Tech was the first to offer an instant-issue MasterCard proposition in the U.K., and also was the only U.K. prepaid company to support MasterCard's prepaid FIFA World Cup Card.
Separately, TSYS Card Tech supported the first nationwide reloadable network for prepaid cards (via the U.K. Post Office), the first fully capable chip-and-PIN prepaid card, and the first instant online-decision capability in the U.K.
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