Social payments-whitepaper-pr-final-18-10-2012-pdf-


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Il documento "Social payments whitepaper pr final 18-10-2012" dell'evento CARTE 2012. Conference&Expo su carte e pagamenti innovativi.
Roma, Palazzo dei Congressi
15 e 16 novembre 2012
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Social payments-whitepaper-pr-final-18-10-2012-pdf-

  1. 1. PRESS RELEASETotal System Services, Inc.One TSYS Way +1.706.649.2307Post Office Box 2567 +1.706.649.5740ColumbusGA 31902-2567 www.tsys.comFor immediate release:Contacts:Cyle Mims Shawn Roberts Sara Ruffell Amit SethiTSYS Media Relations TSYS Investor Relations TSYS International TSYS International+1.706.644.3110 +1.706.644.6081 +00357 22882600 +91 120 TSYS Releases White Paper on the Convergence of Social Media and Payments in India and Southeast AsiaCOLUMBUS, Ga., U.S., and MUMBAI, India, 18 Oct., 2012 — TSYS today announced thepublication of a white paper, the third in its Emerging Market Perspective Series, titled‘Convergence of Social Media and Payments in India and Southeast Asia.’ The whitepaperexplores adoption levels of popular social networks across the South and Southeast Asia regionand how their fast growth could influence consumer banking and retail payment preferences in thefuture. Combining industry data with TSYS-sponsored market research, the paper explores howpayment technologies are likely to evolve and converge with social media. It also highlights thefour key challenges that lie ahead for financial institutions when navigating social media: risk ofdis-intermediation, security and privacy concerns, regulation and interoperability. The paperconcludes with outlining key areas that financial institutions need to consider as part of theirstrategic imperatives as market trends and consumer sentiment point to a growing convergencebetween social media and payments. Top considerations included establishing and maintainingan agnostic platform that supports new and emerging payments types and virtual currencies;effectively navigating present and future regulatory requirements; and ensuring platform stability,security and scalability, along with an ability to cost-effectively process low-value (micro)transactions. "Payments and social media share a symbiotic relationship. They both need each other forlong-term survival," said Amit Sethi, managing director of India and Southeast Asia, TSYS. “Withthe next generation of customers spending significantly more time on social-networking sites,there is a higher likelihood of them connecting, interacting — and transacting — within the socialmedia framework. Social media poses significant challenges and opportunities for financialinstitutions, and now is the time for them to consider how to leverage this fast-growing, ubiquitousmedium.” This report is the third TSYS white paper prepared on the Indian and Southeast Asiamarket. Earlier whitepapers, also authored by Amit Sethi, were entitled ‘Four Imperatives toAccelerate Electronic Payment Adoption in India’ and ‘M-Payments and Prepaid Poised to DefineFinancial Institutions’ Delivery of Banking & Payment Services to Rural India.’ —more— 2012
  2. 2. PRESS RELEASETSYS Releases White Paper on the Convergence of Social Media and Payments in Indiaand Southeast Asia/p. 2 ‘Convergence of Social Media and Payments in India and Southeast Asia’ is available fordownload at: TSYS’ 2011 whitepapers arealso available for download at:, About TSYS At TSYS, (NYSE: TSS), we believe payments should revolve around people — not theother way around. We call this belief "People-Centered PaymentsSM." By putting people at thecenter of every decision we make, with unmatched customer service and industry insight, TSYS isable 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 toconduct safe and secure electronic transactions with trust and convenience. TSYS’ headquarters are located in Columbus, Georgia, with local offices spread acrossthe Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20international banks, is a Fortune 1000 company and was named one of the 2012 Worlds MostEthical Companies by Ethisphere magazine. For more information, please visit us ### 2012