Sony Finance Introduces Dual Currency Credit Card

Tsys announced today that it has signed a multi-year agreement with Sony Finance International, a subsidiary of Sony, to process its newly introduced credit card program. Sony Finance will issue the credit card, which offers cardholders the ability to settle their credit card bill in either dollars or yen, at Sony Bank. If a transaction is made while the cardholder is outside of Japan, the amount will be charged in dollars, while a transaction made in Japan would be charged in yen.

“Consumers with an account at Sony Bank have shown great interest in this innovative new card,” said Jun Yoshida, project leader for the credit card launch at Sony Finance International. “They are searching for a quality credit product, and we’re delighted that TSYS has made it possible for us to meet our customers’ high expectations.”

“Japan continues to be a strategic part of our global expansion plans. We are pleased to work with Sony on such an innovative, multi-currency product,” said Gaylon Jowers, president of TSYS International. “We’re confident that Japanese consumers will be just as pleased with the flexibility of their card, made possible by our advanced PRIME processing platform.”

“We are proud to build on our previous success here in Japan,” said Hitoshi Kondo, managing director of TSYS Japan. “This announcement, following the announcement last week regarding our new data center and new clients, really demonstrates our commitment to growth in the Japanese payments market.”