TSYS Works With Lloyds TSB on Prepaid Product

TSYS Europe and Lloyds TSB have successfully launched a new money transfer card in the UK. The new Silver account from Lloyds TSB includes an innovative money transfer prepaid product, aimed particularly at the growing number of newly arrived migrants living and working in the U.K. "The Silver account was launched on 23 April and initial customer response has been fantastic,” said Caroline Brady, head of segments at Lloyds TSB. "It has underlined the strength of our product offering and is testament to the excellent teamwork shown by Lloyds TSB and TSYS.” "TSYS is delighted to be working with Lloyds TSB on the Silver account prepaid card, and in being able to support an innovative product for one of Lloyds TSB’s most rapidly growing consumer segments,” said Kelley Knutson, managing director of TSYS Europe. "Teams from both organisations worked in close cooperation throughout this project to launch one of the quickest prepaid products to market by a major bank.” About Lloyds TSB Lloyds TSB (www.lloydstsb.com) is a leading U.K.-based financial services group whose businesses provide a comprehensive range of banking and financial services in the U.K. and overseas. At the end of 2006 total group assets were £344 billion and there were some 63,000 employees. Market capitalisation at that date was some £32 billion. About TSYS TSYS (www.tsys.com) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. Based in Columbus, Ga., TSYS (NYSE: TSS) is closely held by Synovus Financial Corp. (NYSE: SNV), one of FORTUNE magazine’s "Most Admired Companies” and a member of its "100 Best Companies to Work For” for 10 consecutive years. For more information, contact news@tsys.com.