Customers can pre-determine payment preferences by dollar amount, type of transaction or both, or allow the card issuer to create unique spending preferences.
Tech-savvy and traditional customers alike can set preferences for posting transactions to their various accounts using their web browser. Transactions will be conducted to allow customers to carry credit balances or ‘pay now’ from their deposit or other accounts depending on what works best for them. Credit, checking and other deposit accounts may be used for payments, creating a consumer-directed way to manage household finances.
Troy Woods, president and chief operating officer of Tsys, said: “This all-in-one solution gives cardholders the ability to pay from multiple accounts that are all linked to a single card. In this economic environment, customers want more control and convenience at a time when they are making conscious decisions about what to ‘pay now’ versus ‘pay later.’”
Tsys is a provider of outsourced payment services, offering a range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions.
