Tsys, a provider of outsourced payment services, has entered into a partnership agreement with Serverside Group to launch Tsys Card Shop, a digital card fulfillment and marketing solution that combines ‘on-demand’ manufacturing processes with card management and customization capabilities.
By enabling client financial institutions to design and manufacture cards on-demand, Tsys Card Shop removes the need to stock pre-manufactured cards in inventory – a requirement that increases risk, ties up capital and increases over-production, transportation, storage and inventory management costs. Through Tsys Card Shop, payments cards are only created when cardholders request them, regardless of batch size.
Rick John, group executive for output services at Tsys, said: “Tsys Card Shop’s on-demand fulfillment capabilities, combined with its digital card management and design services, open up a whole range of operational efficiencies and new marketing opportunities for issuers. Working with Serverside has enabled us to build a solution where even one card created for one consumer can be profitable.”
Gareth Jones, senior vice president for Americas at Serverside Group, said: “Tsys Card Shop is a next-generation, end-to-end digital card production and marketing platform that has helped move the payment card industry from a series of offline, analog processes to an integrated, digital network running between the cardholder and their financial plastic. We’re thrilled to have delivered technology to help Tsys realize this vision.”
Serverside Group is a provider of technology services for digital card design and solutions to issuers, personalization bureaus and card manufacturers.