TSI Payment
A New Payment Paradigm

Sounds cliché, but it’s true; the mass adoption of real-time payments worldwide has contributed to an ecosystem where myriad of retailers, merchants, and fintech institutions expect to pay and transfer money at the drop of a hat. As the number and type of fintech players, developments, and offshoots gather pace, the emergence of new tools and solutions such as digital currencies and e-payments are in turn gaining traction and reaching the market with ever-greater speed. Due to lack of cross-channel visibility, fintech organisations seek dedicated partners in place to manage their wide range of payment channels. Founded in 2003, Transaction Services International (TSI Payment, the corporate brand) is an industry forerunner and dedicated partner that offer all standards payment methods in a “full service” approach from transaction processing to payment acceptance.

“Our goal at TSI is to manage all key areas of current and future payments, alongside addressing avast array of client requisites—electronic money, payment services and cross-channel marketplace payments through our widest range of payment solutions on the market,” says Erwann Bruyelle, CEO, TSI. Led by a team of experienced executives with diverse expertise, TSI provide a unique technology-based, an end-to-end payment solution for online merchants, retailers and commercial entities to handle all their cross-border with increased speed and transparency. “Through our full-range of payment solution we ensure customers are being paid efficiently, optimising loyalty and facilitating their business development strategy by monetising their brand,” asserts Bruyelle.

It includes card payments, PayPal, sepa-wire transfer based payments, along with TSI’s cash payment method in Europe for e-commerce called YesByCash to ensure secure, transparent, efficient, and international payment processing.

Whether offline or online, TSI’s full range of payment processing solutions offers an exciting opportunity for its customers to seamlessly manage and improve the customer experience by allowing them to use the most vastly used payment habits. Indeed, studies from European Central Bank and local banks reveals that nearly 80 percent of the payments are done off-line via cash by the European population. “We take pride in our ability to cover 100 percent of forms of payment used in Europe, including cash,” asserts Bruyelle. He points out an instance, where a largest French-based e-retailer, Cdiscount has deployed TSI’s cash payment method for increasing their online sales of more than €3 billion a year. Internet users can now pay for their purchases on the Cdiscount site in hard cash by TSI’s payment solution— YesByCash. With all these transactions done via YesByCash, Cdiscount was able to increase their revenue, alongside adding more ease and access to payments for its clients.

Besides this, TSI has also created customised white-label payment or wallet account management for its client who requires seamless access to payment services while they are on the move. TSI’s white label digital wallets are fully customizable with several unique features that suit all range of verticals such as mobile network operators, banks, merchants, and retailers. This allows retailers to deploy and optimise loyalty stored value account and for some entities to digitise their loyalty programs. In addition, TSI is licensed to manage third-party payment flows, enabling customers to efficiently manage payment flows between any given operator and its ecosystem of vendors and partners.

Forging ahead, TSI continues to be at the forefront of payment innovation. Despite the fact that the future of e-Payments is through blockchain technology, TSI is planning to embed this technology as a basis for payment transactions in the future. TSI has been issuing, distributing, redeeming, and acquiring cryptography secured electronic money since 2003 through its Ticket-Premium pre-paid voucher payment method; moving ahead the firm plans to bring in more add-on features. “Additionally, we also leveraging AI technology to optimise payment acceptance performance while reducing fraud on 1 API and is extending this technology to another 4 APIs this year,” concludes Bruyelle.