i2c, a provider of payments and integrated commerce solutions, and TIS, a payments solution provider in Japan and Asia, have entered into a multi-year strategic partnership to standardize prepaid payment solutions on the i2c processing platform.
Under terms of the deal, partnership, TIS will adopt the i2c platform as its standard for prepaid card processing and expand its use to support credit and debit card payment processing in key Asian markets in the near future.
i2c said that with its platform, TIS can offer card control features that enhance the cardholder experience, such as the ability to set spending limits and parental controls via online or mobile device.
This functionality will allow banks to offer consumers the ability to tailor their own solutions to meet individual needs.
TIS executive vice president Mitushi Nishida said: "Leveraging i2c’s global cloud-based platform allows TIS to deliver an expanded set of reliable and flexible payments capabilities that deliver enhanced features and services.
"The technology and partnership will help us strengthen our market position while enabling us to expand our reach to new customers and markets, supporting our strategic growth in Japan and across Asia."
i2c founder and CEO Amir Wain said: "i2c has expanded rapidly in Asia, and a strategic relationship with TIS, which has broad and deep experience in Japan and throughout Asia, will help accelerate our growth in the region."