New agreement sees Telrock expand provision of mobile-payments systems in the US
London, UK / Columbus, Georgia, US, 14 February 2008 - Telrock plc, the mobile applications technology company focused on the financial services, utility and public-sector markets, and TSYS, one of the world's largest companies for outsourced payment services, announced today they are jointly developing a suite of integrated mobile solutions for TSYS' North American clients. Telrock has been providing mobile solutions for TSYS' European card processing clients for more than one year. The decision to extend the relationship to North America is based on the success of the European relationship and an increased interest in mobile account servicing and payment solutions in the North American card market.
The solutions will include a suite of SMS-based mobile services, including fraud alerting, account notifications, customer inquiries and payments.
Russell Robinson, managing director of Telrock plc, said: "The expansion of our partnership with TSYS marks an important milestone for Telrock and we welcome the opportunity to extend our proven mobile solutions into the North American market. TSYS gives Telrock a single point of integration to provide its mobile solutions to a market of more than 200 million North American cardholders, giving us a strong foothold in the US market."
"We are pleased to be working with Telrock to deliver the first piece of our multifaceted mobile commerce strategy," added Matt Jardina, group executive for Value Added Products at TSYS. "Our processing solutions enable companies to get new products to the market faster, improve efficiency and boost profitability. We have been extremely confident in our working relationship with Telrock and this is reflected in our decision to enter into this further agreement with the company to serve our clients across North America."
Contacts for further information:
+44 (0)20 7929 9000
TSYS Media Relations
About Telrock plc
Telrock (www.telrock.com) specializes in the design, development and integration of solutions using mobile technology for payments, money transfers and other mobile-based transaction services such as fraud alerts and account information requests. Telrock services seek to improve operational efficiency and significantly reduce operating costs for companies while improving customer service in the financial, energy, water, telecoms and local government markets. The company was founded in January 2002 by Russell Robinson and Tim Crowley, Chief Executive.
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) has been 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 consecutive years, since it's initial public offering in 1983. For more information, contact firstname.lastname@example.org.