COLUMBUS, Ga., Oct. 7, 2015 — TSYS (NYSE: TSS) today announced the launch of a new relationship with FPS Trust Company and its sister company HealthSavings Administrators. TSYS Healthcare is now collaborating with FPS Trust Company and HealthSavings to support the processing of Health Saving Account (HSA) cards and to produce related card collateral.
“Enabling FPS Trust and HealthSavings to provide their members with secure and flexible HSA products using TSYS’ suite of real-time APIs is exciting for TSYS,” said Trey Jinks, group executive for TSYS Healthcare. “We are proud to work with a strong and growing organization whose focus on providing superior service aligns closely with our corporate culture.”
“It is important that FPS Trust’s business evolves with our member needs and market changes,” said Scott Pearson, president of FPS Trust. “We are confident that a partnership with TSYS will enable us to deliver a range of flexible product offerings to our members.”
“Servicing our members with the most reliable HSA financial services, including investments, banking and debit cards, is our highest priority,” said Pat Jarrett, president of HealthSavings. “We’re looking forward to working with both FPS Trust and TSYS, and we are confident that the services offered through these two partners will greatly benefit our current and future members.”
The FPS Trust and HealthSavings conversion to the TSYS platform took place in August.
About FPS Trust Company
FPS Trust Company is a non-depository trust company dedicated to serving financial intermediary clients. It’s innovative, cost-efficient products and services are designed to ensure streamlined processing and electronic solutions.
The company strives to consistently deliver industry-leading products with exceptional service. It provides a positive environment for impeccable standards, professional ethics and integrity for our clients and our employees. It specializes in offering agent custody and transactional processing services to mid-market financial services companies. FPS Trust Company prides itself in being loyal and ethical. And, will work to meet your objectives with an uncompromising commitment to integrity.
About HealthSavings Administrators
HealthSavings thrives in the top 1% of health savings account (HSA) administrators nationwide serving more than 66,000 members and managing more than $400 million in deposits. Known as “the investor’s HSA,” HealthSavings offers its members first dollar investment options in a choice of 22 Vanguard® funds (12 of which are Admiral™ Shares).
The company has been consistently recognized as one of the best values in HSAs with mentions in Forbes, Money magazine, the Wall Street Journal, Kiplinger’s and Reuters as well as various online publications. For more, visit HealthSavings.com.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief People-Centered Payments®. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2015 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.