PaySys International's Focus on Latin America Results in an Avalanche of Contracts.ATLANTA--(BUSINESS WIRE)--May 6, 1998-- Interest in VisionPLUS generates a 300% increase in license agreements in that region PaySys(TM) International, Inc., the leader in credit card management software, announced today that its recent efforts to gain market share in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. have yielded spectacular results. Since 1994, over 30 businesses in virtually all Latin American countries List of American countries Nations:
Other new markets that the company opened for its products are in El Salvador El Salvador (ĕl sälväthōr`), officially Republic of El Salvador, republic (2005 est. pop. 6,705,000), 8,260 sq mi (21,393 sq km), Central America. and Ecuador. "PaySys began focusing on the region in 1994, and the resulting interest from Latin American banks, card processors, and other financial institutions in VisionPLUS has surpassed our best estimates," explained Stephen B. Grubb, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of PaySys International. "Major financial and merchant institutions in this region who are looking to expand their facilities and processing power choose VisionPLUS because it is flexible, scalable, functionally rich, and able to handle retail, bankcard and consumer loans all-in-one," Grubb added. Included among those choosing VisionPLUS are processors such as Cardsystem UPSI UPSI Universiti Pendidikan Sultan Idris UPSI Universal Power Systems Inc UPSI Unprotected Sexual Intercourse UPSI United Property Services, Inc. (Exton, Pennsylvania) UPSI Universities Police Science Institute and Unnisa, some of the largest card processors in Brazil, Nexus S.A., the largest processor in Chile, the Puerto Rican Puer·to Ri·co Abbr. PR or P.R. A self-governing island commonwealth of the United States in the Caribbean Sea east of Hispaniola. GM Group, and Unibanca, the Peruvian processor association, which is PaySys' newest client. Other PaySys clients in the region include ArgenCard in Argentina, Banco Commercial De Panama, Transbank in Chile, Banco Popular and Banco Credito, Banco Santander, and Banco General, all of Peru. Today, nearly 30% of all PaySys customers are based in Latin America, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Grubb. "As the interest in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry and the bankcard business continues to increase, we expect a continued increase in the number of our clients there," he added. "PaySys plans to nearly triple these figures over the next decade, thanks to the combined efforts of the PaySys Latin American group and the energetic economy of Latin America," said Juan Yalinas, the PaySys sales manager for the region. To meet the present and projected demand for its services, PaySys opened a customer support center in Costa Rica in 1997. The operation, staffed with experienced credit card industry professionals native to the region, provides the high level of support needed for the large number of new installations and conversions in the Caribbean and South America. The Costa Rican PaySys team is solidly assisted by the dedicated Latin American project group in the company's main product development facility in Orlando, Fla. About PaySys International, Inc. PaySys International, Inc., is the global leader in credit card management software. PaySys systems process more credit card accounts daily than any other card system, and PaySys solutions are used more than any other comparable product by banks and retail establishments worldwide. With installations in 30 countries on six continents, PaySys is setting industry standards with its newest product, VisionPLUS. This credit card management software handles retail, bankcard and consumer loans in one seamlessly integrated suite of modules. PaySys, with headquarters in Atlanta; and offices in Orlando, Fla; Columbus, Oh.; Dublin, Ireland; Singapore; and Melbourne, Australia, has over 400 employees. CONTACT: PaySys International, Inc. Diane Bates Bates , Katherine Lee 1859-1929. American educator and writer best known for her poem "America the Beautiful," written in 1893 and revised in 1904 and 1911. , 770/564-5698 fax: 770/564-8001 email: dbates@atl.paysys.com |
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