TSYS Card Tech
Receives Positive Rating in Leading Analyst
Firm’s MarketScope Report
Columbus,
Ga. and Nicosia, Cyprus, 9 October 2007 —
TSYS today announced
that its wholly owned subsidiary, TSYS Card Tech, received a Positive
rating in Gartner’s “MarketScope for Multiregional Card Management
Software, 2007.”1
For vendors who receive a positive rating, the Gartner report
recommends, “Current customers should continue incremental investments,
while potential customers should put this vendor on a shortlist of
tactical alternatives."
TSYS Card
Tech was one of 11 vendors evaluated in the report from
Gartner Inc., the
world’s leading provider of research and analysis on the global
information technology industry.
“We believe
TSYS Card Tech's rating as Positive derives from the fact that we are
focused, deliberate and offer best-in-class card management systems.
With TSYS, our combined solution proposition enables us to serve the
entire spectrum of the bankcard
transaction market, not limited solely to licensing or processing,” said
Jaffar Agha-Jaffar, managing director for TSYS Card Tech. “We are
honored to have received Gartner's Positive rating and feel this is
affirmation that is very deserving and a real indication that in
deploying multi-tier component-based architecture we have succeeded in
differentiating ourselves from other card management vendors. We regard
the report’s findings as a testament not only to our card management
solutions, but also to the hard work of our people and their commitment
to our customers' success.”
About MarketScope
The MarketScope is copyrighted 26 June 2007 by Gartner, Inc. and is
reused with permission. The MarketScope is an evaluation of a
marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendors measure against criteria for that
marketplace, as defined by Gartner. Gartner does not endorse any vendor,
product or service depicted in the
MarketScope, and
does not advise technology users to select only those vendors with the
highest rating. Gartner disclaims all warranties, express or implied,
with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About TSYS Card Tech
TSYS Card
Tech is an international provider of server-based solutions that meet
the payment needs of financial institutions of all sizes throughout the
world. For banks competing in global markets, we offer the perfect
combination of market-leading functionality, flexibility and capacity.
TSYS
Card Tech’s core products are developed in house and address all aspects
of the card-management business, including card issuance, merchant
acquiring, authorisation, message switching, key and PIN management,
e-commerce, dispute and fraud management.
TSYS
Card Tech, formerly known as Card Tech Limited, is a wholly owned TSYS®
(NYSE: TSS) subsidiary. Together with TSYS, we serve more than 300
clients in 75 countries and support 13 offices around the globe.
About TSYS
TSYS
(www.tsys.com) is one of the world’s largest companies for
outsourced payment services, offering a broad range of issuer- and
acquirer-processing technologies that support consumer-finance, credit,
debit, healthcare, loyalty and prepaid services for financial
institutions and retail companies in the Americas, EMEA and Asia-Pacific
regions. Based in Columbus, Ga., TSYS (NYSE: TSS) is closely held by
Synovus Financial Corp. (NYSE: SNV), one of FORTUNE magazine’s
“Most Admired Companies” and a member of its “100 Best Companies to Work
For” for 10 straight years. For more information, contact news@tsys.com.
***
1) Gartner, Inc., "MarketScope for Multiregional Card
Management Software, 2007" by Kristin R. Moyer and Richard J. De Lotto,
June 26, 2007
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