FIS™, the world’s largest provider of banking and payments technology, today announced the Tyburn Group has selected to deploy FIS’ prepaid card processing services in support of the newly launched TrustCard prepaid card for U.S. military personnel.
The TrustCard is designed to provide military personnel with a convenient, secure alternative to traditional payroll and money management. With the TrustCard, enrollees’ payroll funds are deposited directly onto their TrustCard. Deposits are guaranteed by the FDIC and the cards can be used globally anywhere that MasterCard® debit cards are accepted – enabling participants to have immediate access to funds for shopping, bill paying or cash withdrawls from an ATM. An added benefit to the cards is the ability of participants to add a Family TrustCard for spouses or family members – significantly simplifying the process of sharing payroll funds during deployments.
“After an extensive evaluation, the Tyburn Group selected FIS’ prepaid card processing services in part due to the comprehensive capabilities of their solution,” said Christopher Haigh, president and CEO, Tyburn Group. “In addition, FIS’ attention to detail and customer service stood out for us; they were clearly superior to the other solutions we evaluated. We are confident they will be an excellent resource in delivering the TrustCard.”
“Military personnel, particularly those in deployment situations, do not always have access to the same conveniences as the average consumer,” said Frank D’Angelo, executive vice president, FIS Payment Solutions Group. “As a technology leader, we are pleased to see our solutions being utilized for assisting our military personnel. Through the TrustCard, they will have a secure way to manage their money, including receiving alerts through their mobile phone, managing funds online and the ability to add funds when needed, providing them with the peace of mind to know their loved ones have access to funds while they are away.”
To learn more about the TrustCard, visit: patriottrustcard.com/.
About Tyburn Group Inc.
Tyburn Group (tyburngroup.com) creates and delivers prepaid card programs using the latest technology for efficient, profitable programs for a wide range of global customers. The TrustCard is the latest offering from Tyburn Group and is specifically designed to help young service members build good credit and establish control of their financial future early in their career.
FIS (fisglobal.com) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is ranked 426 on the Fortune 500, is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list.
This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.
For More Information:
Mary Waggoner, SVP, FIS Investor Relations
P: 904.854.3282, E: mary.waggoner[.]fisglobal.com.
Christopher Haigh, President, Tyburn Group Inc.
P: 866.572.5074, E: chaigh[.]tyburngroup.com.
Scott Hildula, Director, Media Relations, Tyburn Group Inc.
P: 800.756.1258, E: scott[.]tyburngroup.com.