ID Data signs European strategic alliance
ID Data plc ("ID Data") (LSE: "IDD"), the fast growing UK supplier of secure transaction systems and smart card services, today announces a three year strategic alliance with Total System Services, Inc.® (TSYS®) (NYSE: "TSS"), the world’s second largest data processing service to financial institutions. This agreement with TSYS, to supply smart card services to the European banking sector, with ID Data is potentially worth upwards of £7 million over three years.
This alliance provides the UK and European issuing market with a fully integrated service provider offering a wide range of card products and services, ranging from card manufacturing and personalization to state-of-the-art processing and smart card technology and applications. TSYS® has a wide client portfolio; providing settlement services for over 200 million accounts worldwide and approaching 10% of the European credit card processing market. ID Data will be supplying magnetic stripe, chip payment cards and related card application software and personalization services in the EU.
"ID Data fills an important void in our service offering. Their industry-leading capabilities in card personalization and smart card development made them the best choice as an alliance partner for TSYS Europe," said Roger Van Scoy, Senior Director of TSYS Europe. "TSYS is extending its service offering worldwide, and ID Data has a very similar view of the global market place. Therefore, we are excited about this relationship and its potential to expand beyond Europe to deliver a consistent, high quality solution to the rapidly expanding smart card market."
"This alliance further strengthens ID Data’s position in card processing and the supply of smart card services to the European banking sector. By combining ID Data’s industry leading smart card development and issuing capability with TSYS’ world-class processing systems, a fully integrated service will be available to banks and financial institutions as they develop the issuing of smart cards," said Peter Cox, CEO of ID Data.
Notes to Editors:
ID Data plc
ID Data plc ("ID Data"), is a fast growing supplier of secure transaction systems and smart card services to the international telephony, banking, retail and secure access sectors. Founded in 1988, ID Data plc is a 'One-Stop Shop' in the world of plastic card technology, which can offer end-to-end solutions for card-based requirements. Throughout its development, ID Data has strived to provide systems and solutions to meet the diverse and demanding requirements of customers, and now ID Data is establishing a reputation as a major provider of card technology for some of the most complex card solutions in Europe. The Company strategy of moving from commodity products into value-added services and solutions has created a solid platform on which to build further growth. Clients include Barclays Bank, Tesco, Exxon Mobil, BT and C & W. ID Data has formed agreements with major global corporations to ensure rapid market development as shown by their partnerships with TTi, Toshiba and Toppan.
Total System Services, Inc.
TSYS provides global commerce solutions. With more than 195 million accounts on file, TSYS facilitates the payment exchange between buyers and sellers. TSYS and its family of companies offer a full range of acquiring and issuing business services from accepting electronic payments for goods and services to credit applications and collections for credit, debit, commercial, stored value, retail and chip accounts. TSYS has offices in the United States, Europe, Mexico, Canada and Japan, and processes in 21 countries and 11 currencies. Based in Columbus, Ga., TSYS (NYSE: "TSS") http:/www.totalsystem.com
is an 80.8 percent-owned subsidiary of Synovus Financial Corp. (NYSE: "SNV") http://www.synovus.com
No. 8 on FORTUNE magazine’s list of "The 100 Best Companies To Work For" in 2001. For more information, contact firstname.lastname@example.org
For further information, please contact:
CEO, ID Data plc
Tel: +44 (0) 1536 207 000
Corporate Communications Manager,
Tel: 00 1 706 649 5578
Bankside Consultants Limited
Henry Harrison-Topham / Russell Elliott
Tel: +44 (0) 20 7220 7477
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