Credit-card processor TSYS, in two separate moves, has bought a California technology firm and inked a processing agreement with Sony Finance.
Columbus-based TSYS said the multiyear deal with Sony Finance International Inc., a subsidiary of Sony, will support that Japanese firm’s startup credit card program.
Sony Finance will issue the card, with customers able to settle the bill in dollars or yen at Sony Bank. If outside Japan, the amount will be charged in dollars. TSYS Japan is working with Sony.
TSYS, meanwhile, has purchased California-based Infonox, a privately owned technology firm with payments expertise.
“TSYS’ acquisition of Infonox will add a Silicon Valley innovation team to our arsenal,” Phil Tomlinson, TSYS chairman and CEO, said in a statement.
The company is expected to expand TSYS’ ability to handle payments in any form, over any network, around the world, TSYS said. That includes debit, credit and prepaid cards, as well as money transfers and checks. It also will bring new connectivity technology to TSYS’ push to offer services via cell phones, ATMs and bill-pay kiosks.
The Infonox name will be retained. It will fall under the TSYS subsidiary, TSYS Acquiring Solutions.