COLUMBUS, GA – 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.
About Ontario Systems
Ontario Systems, LLC provides receivables management information systems to organizations that manage large volumes of accounts receivables. These include hospitals, collection agencies, utilities and bankcard issuers. As the largest provider of receivables management products, including the FACS®, CT Vision® Artiva™ systems, Ontario Systems is recognized throughout the industry as the leader in technology and customer service. With operations in Indiana, Ohio and Washington, it is a privately held company based in Muncie, Ind. For more information, visit www.ontariosystems.com.
About TSYS Debt Management
TSYS Debt Management (TDM) has been a trusted and proven service provider to the nation’s leading creditors in accounts receivables management for more than 20 years. Providing a variety of services for all collections and recovery needs, TDM has built and maintained partnerships with top banks, retailers, commercial creditors and telecommunications companies. Services include Collections, Skip Tracing, Litigation Management, Bankruptcy Management and Probate Management.
As a wholly owned subsidiary of TSYS, TDM provides comprehensive receivables management solutions designed to boost client profitability through the successful application of superior technology, quality service and dedicated, dependable team members. TDM offers an unparalleled level of customer responsiveness and innovation to meet marketplace challenges head on, providing its clients with the products and services required to achieve the highest degree of efficiency and effectiveness, while ensuring legal compliancy and client security. For more information, contact sales@nan.net.
About TSYS
TSYS (NYSE: TSS; www.tsys.com) brings integrity and innovation to the world of electronic payments as the integral link between buyers and sellers in this rapidly evolving universe. With more than 264 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, smart and retail cards anytime, anywhere through any medium or portal. TSYS offers a full range of acquiring and issuing services from accepting and settling electronic payments for goods and services to designing, administering and fulfilling loyalty programs to credit applications, bankruptcy management and collection services. Based in Columbus, Ga., TSYS serves companies on 3 continents representing 16 currencies and seven languages. TSYS maintains operations in Canada, Mexico, Japan, and the United Kingdom and is an 81-percent owned subsidiary of Synovus,number nine on FORTUNE magazine’s list of “The 100 Best Companies To Work For” in 2003. For more information, contact news@tsys.com
