TSYS Technology to Help Achieve Financial Inclusion in India

  TSYS Technology to Help Achieve Financial Inclusion in India

           TSYS solutions support people-centered payments in India

Business Wire

COLUMBUS, Ga. -- January 15, 2013

TSYS (NYSE: TSS) technology is playing its part in an innovative payment
solution launched by Visa in India. The Saral Money program provides Indian
consumers with access to financial services and electronic payments for the
first time by linking Visa accounts to Indian Unique Identification Accounts.
As part of this program, TSYS’s technology is used to authenticate account
holders by transporting biometric information, such as fingerprints, from the
point of sale to the Unique Identification Authority of India (UIDAI). Once
the account holder is authenticated using biometric information, the
transaction information such as amount of the purchase and merchant type is
then submitted to Visa’s network for processing.

With approximately 70 percent of the total population based in rural India,
much of India currently remains unbanked or under-banked, with little or no
access to financial services or electronic payment options. The roll-out of a
12 digit unique identification number, ‘Aadhaar’, initiated by the Indian
Government in late 2010, is set to change this by providing a form of
identification that will help facilitate easier access to financial services.
The impact of the UIDAI project is far reaching and set to have a significant
positive social impact enabling, for example, financial inclusion programs,
such as disbursement of government funded social benefits to Indian residents
— and extended access to banking and payment services through payment scheme
enabled systems.

“TSYS is proud to support Visa and the Saral Money program in India to enable
broader access to financial services for Indian consumers,” said Amit Sethi,
managing director, India and Southeast Asia, TSYS. “This initiative is a
perfect example of TSYS’s recently reaffirmed commitment to people-centered
payments.”

“Visa continues to invest in new and innovative technologies to give more
financially underserved consumers in developing countries access to electronic
payments,” said Darren Parslow, global head of Processing, Visa Inc. “The
Saral Money program and the integration of biometric authentication technology
provided by TSYS, is a good example of what we can achieve by tailoring Visa’s
processing solutions to the needs of governments, consumers and financial
institutions.”

TSYS has also been instrumental in setting up the PIF India Chapter of the
not-for-profit Prepaid International Forum, www.prepaidforum.org. A patron of
the forum since 2007, TSYS is an advocate of prepaid as an alternative payment
channel for financial inclusion in India.

Amit Sethi authored two market insight reports on the India market in 2011,
entitled ‘Incredible India: Four Imperatives to Accelerate Electronic Payment
Adoption in India’ and ‘Mpayments and Prepaid Poised to Define Financial
Institutions’ Delivery of Banking & Payment Services to Rural India.’ In
October 2012, Amit issued his third report on ‘The Next Frontier: Convergence
of Social Media and Payments in India and Southeast Asia.’

All reports are available online:

  *www.tsys.com/socialmediaandpaymentswhitepaper
  *www.tsys.com/indiampaymentsandprepaidwhitepaper
  *www.tsys.com/indiaelectronicpaymentsmarketwhitepaper

About TSYS

At TSYS, (NYSE: TSS), we believe payments should revolve around people — not
the other way around. We call this belief "People-Centered Payments^SM." By
putting people at the center of every decision we make, with unmatched
customer service and industry insight, TSYS is able to support financial
institutions, businesses and governments in more than 80 countries. Offering
merchant payment-acceptance solutions as well as services in credit, debit,
prepaid, mobile, chip, healthcare and more, we make it possible for those in
the global marketplace to conduct safe and secure electronic transactions with
trust and convenience.

TSYS’ headquarters are located in Columbus, Georgia, with local offices spread
across the Americas, EMEA and Asia-Pacific. TSYS provides services to more
than half of the top 20 international banks, and has been named one of the
2012 World's Most Ethical Companies by Ethisphere magazine. For more
information, please visit us at www.tsys.com.

About PIF

Prepaid International Forum (PIF) is a global not-for-profit trade association
established in 2007 to represent all parties participating on a commercial
basis in the prepaid economy. It is dedicated to the progression of prepaid
commerce around the world and acts as a principal point of liaison between the
prepaid economy and government agencies, regulators, consumer bodies and the
media. It is focused on the entire prepaid world and facilitates the
development of cross-industry guidelines and codes of practice.

Contact:

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
 
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