Japanese Internet Bank Selects Tsys as Processing Partner

SBI Sumishin Net Bank (SSNB), an internet-based bank in Japan, has chosen Tsys to process its payment card portfolio. Tsys will provide processing and back office operation services for SSNB to issue cards to consumers, including retail membership cards, a proprietary private-label credit card and association-branded credit cards.

As an internet-based bank, SSNB has more than 750,000 accounts and plans to use its partnership with Tsys as a means to expand its card business.

“As a newcomer in the cards industry, we found confidence in Tsys’ partnership approach to the business,” said Tohru Nitadori, general manager of SBI Sumishin Net Bank’s card business division. “The dependability of Tsys’ processing platform will enable us to concentrate on new cardholder acquisition and new programme introduction, and we look forward to calling on Tsys for its extensive knowledge and expertise in day-to-day operational matters including call centre operations.”

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