TSYS Prepaid Surpasses Milestone of 11 Million Healthcare Accounts

NEW YORK--(BUSINESS WIRE)--TSYS Prepaid, a wholly owned subsidiary of TSYS and one of the world’s leading prepaid payment-services companies using the Visa^® and MasterCard^® networks, announced today that it has grown its healthcare business to more than 11 million active card accounts on file.

“TSYS Prepaid has achieved a strategic milestone that we've been working toward for many months”

“TSYS Prepaid has achieved a strategic milestone that we've been working toward for many months,” says James A. Accordino, president of TSYS Prepaid. “We believe TSYS is positioned to help bring together healthcare and financial services, translating to a more seamless experience for our clients and their customers.”

TSYS Prepaid’s card programs offer an innovative and efficient way to manage the complicated flow of information and payments among payers, providers and patients in healthcare. The company offers an array of product features for flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs) and eligibility cards.

About TSYS Prepaid

TSYS Prepaid, a wholly owned subsidiary of TSYS, is a leading global provider of prepaid card services that utilize the Visa, MasterCard and ATM networks. These solutions, powered by a flexible and proprietary processing platform, have proven highly effective for healthcare payment programs for third party administrators (TPAs), insurance payers, financial institutions, HSA custodians and healthcare providers. TSYS Prepaid offers a single card solution for multiple healthcare and pre-tax employee benefit programs including FSAs, HSAs, HRAs, dependant care, transit and parking.

About TSYS

TSYS (tsys.com) is one of the world’s largest payment-services companies, offering a broad range of packaged and outsourced issuing or acquiring technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies worldwide. Based in Columbus, Ga., TSYS (NYSE: TSS) is 80-percent held by Synovus (NYSE: SNV), one of FORTUNE magazine’s “Most Admired Companies” and a member of its “100 Best Companies to Work For” for nine consecutive years. For more information, contact news@tsys.com.