COLUMBUS, Ga. & FRANKFURT, Germany--(BUSINESS WIRE)--TSYS (NYSE: TSS) today announced the release of a white paper titled “How Issuers in Germany Can Replace Threatened Interchange Fees.” The paper explores the financial threat to German issuers of proposed changes to the Multilateral Interchange Fee (MIF) regulations in the European Union, and outlines initiatives to support additional revenue growth.
The report looks at the current payment card market in Germany and compares it with more mature markets like the U.K., identifying best practices that can be applied to the German market. The paper further explores new revenue initiatives for German issuers to combat the effects of proposed MIF regulations.
“The proposed changes to the MIF regulations will be causing some concern amongst German issuers, not the least of which is how they can replace the revenue they will lose,” said Tom Stankiewicz, director of business development, TSYS International. “At TSYS, we work with many European issuers who will be affected by these changes. In the white paper, we share some alternative solutions that we have implemented with clients, and share our experiences across the European markets in which we operate.”
The white paper concludes that issuers need to pursue initiatives to support revenue growth and diversification, including portfolio management, innovative solutions to increase cardholder transaction spend and the identification of new revenue opportunities.
The white paper is available online at: http://www.tsys.com/mifwhitepaper/.
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, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.