COLUMBUS, Ga. & DUBAI, United Arab Emirates - Tuesday, May 15th 2012 [ME NewsWire]
(BUSINESS WIRE)-- TSYS® today announced that Qatar National Bank (QNB) has signed a licensing agreement for PRIME 4, the latest version of TSYS’ card and merchant management solution.
A TSYS client since 1999, QNB has deployed PRIME to manage the issuance of its expanding cards portfolio because of its market-leading flexibility, ease of use and speed-to-market capabilities, to help QNB exceed its growth targets. QNB will leverage the PRIME 4 upgrade for multiple countries, multiple languages and multiple currencies on a multi-institutional platform to achieve its cross-border expansion policy.
“TSYS is delighted to be able to continue to support QNB’s operations with its proven, flexible systems,” said Jaffar Agha-Jaffar, Managing Director, Middle East, Africa and Pakistan region, TSYS. “PRIME 4 will enable QNB to maintain its strong competitive advantage by providing the multi-country expansion support required to meet its evolving needs.”
“QNB relies on the outstanding performance of our bankcard systems to maintain our market leading position and support our continuing international expansion,” said Adel Al Malki, GM of Information Technology, QNB. “The system's support for multi-institutions, enhanced security, increased flexibility and easier PCI compliance all factored into the decision to upgrade to TSYS’ PRIME 4 platform.”
Robust and scalable, PRIME 4 offers a cost-effective single platform licensing solution for issuing and acquiring with built-in, rule-based technology to monitor and detect suspicious transactions in real time. Its extensive workflow capabilities support integrated dispute and chargeback handling with parameter-driven technology to improve operational efficiency, increase speed to market and drive down costs.
The PRIME licensing platform has an extensive reach throughout Europe, CIS, the Middle East, Africa and Asia, with a footprint that extends across more than 70 countries for more than 130 clients. It has a proven track record in the market dating back to 1995, with a presence in MEA since 1989, when they helped launch the first card and merchant management systems in the region. Today, TSYS maintains a regional office in Dubai with technical support team members serving international and local banks.
About TSYS
At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered PaymentsSM." By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, is a Fortune 1000 company and was named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.
About Qatar National Bank
QNB was established in 1964 as the country's first Qatari-owned commercial bank. The ownership structure is split between the Government of Qatar (50%) and the private sector (50%). QNB has grown to become the largest bank in Qatar. QNB’s ambitious international expansion plan, has enabled it to extend its presence into more than 24 countries today, comprised of associates, subsidiaries, branches and representative offices.
QNB provides a full range of commercial banking activities for individuals, corporate institutions and government entities and the Bank's scope of products, services and delivery channels across all disciplines is unrivalled. QNB has been the recipient of the award "Best Bank in Qatar" from leading international financial publications including: The Banker, Euromoney and Global Finance.
Contacts
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
shawnroberts@tsys.com
TSYS Media Relations
Cyle Mims, +1-706-644-3110
cylemims@tsys.com
TSYS
Sara Ruffell, +357.22882600
sara.ruffell@ctl.com
Qatar National Bank
Adel Al Malki, +974.66536666
adel.malki@qnb.com.qa
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