TSYS® yesterday 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.
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