Saturday, November 04, 2006

TSYS Certified to Process Prepaid Cards on MasterCard Network

See press release here... to discover that TSYS is now certified to support open-loop prepaid cards in Europe on the MasterCard network. The certification includes capability for chip-and-PIN processing on MasterCard's network.

Most likely this announcement will not be noticed by EU regulators. So while effectively the markets for processing and issuing of cards-transactions opens up with a considerable speed, they are still debating how to make the EU market more open by regulating new entrants in the new payment systems directive.