TSYS Poised For NFC Payment Solution With North American Partner

TSYS (NYSE: TSS) announced today the introduction of its Near-Field Communication (NFC) capabilities in North America in preparation of a launch with CIBC. The TSYS NFC Payment Solution enables real-time mobile account creation, mobile device identification, and supports generating the EMV data necessary for provisioning a mobile device.

“This is yet another step in delivering on our agenda for Connected Mobility announced earlier this year,” said Paul Bridgewater, group executive of Global Product, TSYS. “We are proud to partner with a market-leading, innovative issuer like CIBC.”

TSYS’ solution also supports life-cycle management scenarios, such as lost/stolen and the re-provisioning for reissue or product change. The TSYS NFC Payment Solution will work with any Trusted Service Manager (TSM) selected by an issuer.

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." 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, is a Fortune 1000 company and was named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.

About CIBC

CIBC (CM: TSX;NYSE) is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.

Copyright Business Wire 2010

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