Payments News

On The Wires

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Companies

TSYS to Provide Virtual Payment Solution for J.P. Morgan Commercial Card Business

“TSYS (NYSE: TSS) announced today that J.P. Morgan will offer TSYS’ Virtual Payment PreceptSM (VPP), a strategic commercial card payables solution to corporations. TSYS’ VPP enables the generation of secure, virtual, single-use account information in real-time with more control over account and transaction parameters. It will allow J.P. Morgan to broaden their virtual card solution through issuance […]
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Companies

TSYS Announces Agreement with Walmart to Implement New Payment Solution at Retail Locations Nationwide

“TSYS today announced that its new patent pending payment solution, Advanced AuthControlSM, that recognizes qualified purchases determined by a consumer’s healthcare plan, will be implemented at Walmart and Sam’s Clubs locations nationwide. This solution, combined with Walmart’s proprietary, point-of-sale decisioning capabilities known as “Directed Spend,” enables TSYS healthcare clients to provide incentive dollars to members […]