TSYS and Ontario Systems Announce Strategic Relationship
Monday October 6, 8:32 am ET
biz.yahoo.com
COLUMBUS, Ga., Oct. 6 /PRNewswire-FirstCall/ -- TSYS® and Ontario Systems have strategically partnered to provide card issuers the most comprehensive recovery and collection system available today. The companies bring more than 40 years of combined industry and receivables experience to the relationship which enhances TSYS' ability to provide a full spectrum of services to its clients, while capitalizing on Ontario Systems' receivables management solutions expertise.
TSYS Debt Management (TDM), a wholly owned subsidiary of TSYS, brings additional collections and recovery expertise to the relationship. TDM, along with TSYS, will administer the TSYS Recovery System, which is fully compatible with TSYS transaction processing systems as well as other credit grantor processing systems.
"TSYS is delighted to partner with Ontario Systems to strengthen the full account management services the TSYS family of companies offers," said Chuck Kinney, TSYS Debt Management president. "This relationship will ensure card issuers benefit from having the very best skill, scale and services under one roof."
The TSYS Recovery System, powered by Ontario Systems' technology, is designed specifically to meet the challenging needs of the credit grantor marketplace, providing a complete solution for the entire receivables management continuum. The system's pre-charge off collections and post-charge off recovery functions provide management with enhanced flexibility and control. Properly managing both active and charged-off accounts, identifying trends before they become problems and ensuring that accounts are worked according to business rules will enable credit grantors to recognize reduced delinquencies and increased recoveries.
The TSYS Recovery System is housed within one of the most technologically advanced data-center infrastructures in the industry, managed by TSYS Hosting Services. Servers are nested within existing TSYS data centers, providing the highest levels of redundant network connectivity, power availability, environmental controls, security and safety. This enables TSYS to provide full-load balancing, high availability and comprehensive disaster recovery options.
"We are pleased to partner with TSYS to provide receivables management tools to their clients, as well as other card issuers. This relationship will increase the credit grantor's efficiency and effectiveness in managing past due accounts and charged-off debt," said Wil Davis, president of Ontario Systems. |
