âTSYS engaged with TransCash from the outset and provided a solution that met our requirements,â said Charles Cohen, chief executive officer and founder of TransCash Corporation. âTSYSâ expertise in the prepaid processing space and extensive global reach will be key for delivering the solution and is a great platform for developing our relationship further by entering
new markets with high growth potential.â
âWorking in partnership with TransCash and TSYS will enable us to launch a prepaid money transfer card that delivers a real benefit to our customers and provides them with an easy and accessible option to transfer money,â said Richard Sportich, managing director of Midi France Telecom.
âTransCash is TSYSâ first client in France and extends TSYSâ European footprint to further demonstrate our companyâs proven experience as a pan-European Processor,â said Kelley Knutson, executive vice president of TSYS International. âThe opportunities for growth in this sector are truly exciting, and we look forward to working with a highly entrepreneurial company such as TransCash to help further develop their offering.â Terms of the agreement were not disclosed. The TSYS platform will also be used for launching similar products across Europe and beyond.
To coincide with the agreement, TSYS has opened a new office in Paris to support the companyâs expansion into France.