Another electronic payments processing giant, Total System
Services (TSYS), is to take the plunge into the North American
mobile banking and payments market, an initiative in which it will
be partnered by UK mobile technology developer Telrock
Communications. TSYS joins major US payment processors First Data
and Metavante, which have teamed up with mobile technology
specialists mFoundry and Monitise, respectively, to launch mobile
banking and payment services.
The Telrock/TSYS alliance cements a relationship by which since
January 2007 Telrock has provided TSYS’s European card processing
clients with its textDebit service that enables customers to make
bill payments to a bank account using a mobile phone short message
service (SMS).
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“We are pleased to be working with Telrock to deliver the first
piece of our multi-faceted mobile commerce strategy,” said TSYS’s
group chief executive for value added products, Matt Jardina. “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.”
TSYS’s alliance with Telrock encompasses design, development and
integration of solutions using SMS technology for payments, money
transfers and other mobile phone-based transaction services such as
fraud alerts and account information requests.
Commenting, Telrock managing director Russell Robinson said:
“Expansion of our partnership with TSYS marks an important
milestone for Telrock. 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.”
Founded in 2002, Telrock has achieved solid success in the UK
with its SMS products, garnering customers in the banking, utility
services and payments sectors. In the banking sector, Royal Bank of
Scotland and NatWest have adopted Telrock’s service which alerts
customers to suspicious activity on their accounts. In the utility
sector, a Telrock service enables electricity and gas supplier
Scottish and Southern Energy to bill customers and receive payment
via SMS, while in the payments sector payment collection network
PayPoint offers textDebit as an alternative payment means.
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