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Credit card use rises among consumers as trends in e-commerce increase
TSYS (NYSE: TSS) today announced the results of its 2015 Canadian Consumer Payment Choice Study. The second annual research found that when given a choice, 46 percent of Canadian consumers prefer to pay using their credit cards more than any other payment method. That’s up from 34 percent in 2014. The recent online survey of more than 1,200 respondents, age 18 years and older, found that consumer preferences for using credit cards to shop online, combined with an overall increase in e-commerce, will likely cause a continued rise in credit use.
“Consumers have more payment options than ever before due to the continuing proliferation of new technology and non-traditional companies entering the payments industry,” said John Dale Hester, group executive of Relationship Management at TSYS. “Our goal from this survey is to provide relevant information to help our clients with their payment strategies, and to create a useful reference tool for other participants in the Canadian payments industry.”
In addition to providing insight into basic payment preferences and influencers of cardholder behaviors, the study also revealed how consumers prefer to communicate with their bank, as well as a growing adoption of the mobile channel as a part of the payment process. Other key findings include:
To learn more about Canadian consumer preferences and to get complete survey results visit: www.tsys.com/2015canadianconsumerpaymentchoicestudy.
About TSYS
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150625005170/en/
TSYS Media RelationsCyle Mims, +1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn Roberts, +1-706-644-6081shawnroberts@tsys.com
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