TSYS announced on Tuesday that it received Europay/MasterCard/Visa payment processing certification by Visa, MasterCard, American Express and Discover—the certification signifies that TSYS has met each brand’s requirement that processors have the ability to process EMV chip-based transactions.
“We are extremely pleased that we have achieved all card brand certifications and can support acquirers and their merchants as they move towards acceptance of EMV chip card payment transactions,” Eric Barth, the group executive of product management for TSYS’ Merchant Services division, said. “TSYS is now well positioned to support our acquirers and merchants as the market evolves in the coming months and years.”
EMV is the global standard for secure payment using bank cards and EMV payments infrastructure. Most regions across the world are in the process of implementing and adopting the payment standard, and the U.S. is working towards implementing the process.