TSYS (NYSE: TSS) today announced that it has successfully achieved Europay/MasterCard/Visa (EMV) payment processing certification by card brands Visa, MasterCard, American Express and Discover . EMV is a global standard for secure and convenient payment using bank cards and the EMV payments infrastructure. The majority of regions within the global marketplace are currently in various stages of adoption of this secure payment standard, and the U.S. is working towards beginning the adoption process.
This certification signifies that all TSYS processing platforms have achieved the card brands’ mandated requirement that acquirer processors be able to process EMV chip-based contact, contactless and mobile transactions. TSYS passed extensive test parameters on its payment processing platforms for each card brand.
“We are extremely pleased that we have achieved all card brand certifications and can support acquirers and their merchants as they move towards acceptance of EMV chip card payment transactions,” said Eric Barth, group executive of product management for TSYS’ Merchant Services segment. "TSYS is now well positioned to support our acquirers and merchants as the market evolves in the coming months and years."
EMV provides another layer of protection against the use of counterfeit, lost, or stolen payment cards and also against skimming. Issuers, merchants, and consumers as well as acquirers/processors all benefit from EMV.About TSYS At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered Payments SM." By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience. TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, and has been named one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website, for more please visit us at www.tsys.com .
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts