TransCash Launch Prepaid Money Transfer Card With TSYS

* Reuters is not responsible for the content in this press release.

Mon May 18, 2009 9:00am EDT

COLUMBUS, Ga. & LONDON--(Business Wire)--
TSYS announced today that it has signed an agreement with TransCash Corporation
to launch a prepaid money transfer card. The prepaid card will initially be
launched in France during Q3 2009 and will be sold by Midi France Telecom. 

TransCash is extending its successful U.S. business model to Europe by offering
consumers the ability to purchase prepaid cards to make international transfers.
The card will be scheme branded through Visa and will be distributed in dual
card packs through supermarkets, initially with the Auchan supermarket chain.
The first card is loaded with value while the second card can be sent to
relatives abroad. The initial target markets include Morocco, Algeria and
Tunisia. 

"TSYS engaged with TransCash from the outset and provided a solution that met
our requirements," said Charles Cohen, chief executive officer and founder of
TransCash Corporation. "TSYS` expertise in the prepaid processing space and
extensive global reach will be key for delivering the solution and is a great
platform for developing our relationship further by entering new markets with
high growth potential." 

"Working in partnership with TransCash and TSYS will enable us to launch a
prepaid money transfer card that delivers a real benefit to our customers and
provides them with an easy and accessible option to transfer money," said
Richard Sportich, managing director of Midi France Telecom. 

"TransCash is TSYS` first client in France and extends TSYS` European footprint
to further demonstrate our company`s proven experience as a pan-European
Processor," said Kelley Knutson, executive vice president of TSYS International.
"The opportunities for growth in this sector are truly exciting, and we look
forward to working with a highly entrepreneurial company such as TransCash to
help further develop their offering." 

Terms of the agreement were not disclosed. The TSYS platform will also be used
for launching similar products across Europe and beyond. 

To coincide with the agreement, TSYS has opened a new office in Paris to support
the company`s expansion into France. 

About TransCash Corporation

TransCash Corporation is a California-based corporation that was established in
2002. TransCash can facilitate international money transfers with substantial
savings over existing services. Charles Cohen, CEO of TransCash, explained that
the cornerstone of the TransCash Card program is a set of two prepaid Visa®
cards, conveying all rights and privileges to load money and enjoy purchasing
goods and services everywhere. VISA® is accepted worldwide and providing the
easiest and least expensive transfer of funds to their families around the
world. The goal is to attract target customers away from check-cashing agents,
money orders, money transmission services, and bill pay centers by providing
them with an easier, more convenient and lower cost alternative to mainstream
banking and non-traditional financial service providers. For more information,
please visit http://www.transcash.com. 

About Midi France Telecom

A leader in the French prepaid market, Midi France Telecom provides telephone
call charge cards through retailers such as Auchan, Casino, Leclerc, Carrefour,
Boulanger and several department Stores. The company also offers mobile
downloads including games, music and video clips. Midi France Telecom recently
began offering Internet and press subscriptions through its Prepaid card
offering. 

About TSYS

TSYS (NYSE: TSS) 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, debt management, healthcare,
loyalty and prepaid services for financial institutions and retail companies in
the Americas, EMEA and Asia-Pacific regions. For more information contact
news@tsys.comor log on towww.tsys.com. TSYS routinely posts all important
information on its website. 





TSYS Media Relations
Cyle Mims, +1.706.644.3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
shawnroberts@tsys.com
or
TSYS International
Victoria Winn, +44 1904 562 577
victoriawinn@tsys.com



Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.