From the Wires
TSYS Signs PRIME 4 Agreement with NMB Bank
By: Business Wire
Dec. 11, 2012 12:00 AM
TSYS (NYSE: TSS) announced today that Zimbabwe’s NMB Bank Limited (NMB) has signed an agreement to migrate its Visa credit card portfolio to PRIME 4, the latest version of the TSYS licensed card and merchant management solution.
NMB has been a TSYS client since 2001 when it first licensed a card management solution to begin issuing Visa credit cards in Zimbabwe. NMB will use PRIME 4 to manage its cards issuing and cash acquiring as it seeks to expand its range of card services for consumers and businesses.
"It is important that NMB’s business evolves along with our clients’ needs and market changes. As such, TSYS remains our trusted systems provider because it continues to offer us the security of a stable, compliant platform coupled with the flexibility for future growth,” said Benefit Peter Washaya, managing director, NMB Bank. “PRIME’s extensive capabilities will enable us to deliver a range of flexible product offerings whilst benefitting from improved security and risk management.”
“PRIME is a world leading card and merchant management licensed solution, being based on tried-and-tested methodologies backed by a long history of successful implementations around the world,” said Jaffar Agha-Jaffar, managing director, Middle East and Africa. “Its rich functionalities are designed to meet today's market demands, and we would like to congratulate NMB for choosing PRIME to continue to develop its competitive product offerings.”
PRIME 4 is a multi-lingual, multi-currency, multi-institutional and multi-product, single platform solution for issuers and acquirers. It has a global footprint spanning more than 130 clients in more than 70 countries. TSYS has been providing payments solutions in Africa since 1994 and serves more than a dozen clients, including the top banks in South Africa, Nigeria and Kenya. With regional headquarters in Dubai, U.A.E., TSYS maintains locally-based expert support teams with access to 8,000 specialist staff worldwide.
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, and has been named one of the 2012 World’s Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.
About NMB Bank
NMB Bank Limited (formerly National Merchant Bank of Zimbabwe Limited) was established in October 1992 by a group of Zimbabwean entrepreneurs who had previously held senior positions in renowned international financial institutions such as the World Bank and the International Finance Corporation. NMB Bank was registered as an accepting house under the Banking Act in June 1993. Continued growth created the opportunity for a public flotation of the Group, and in early 1997, the NMBZ Group was successfully listed on the Zimbabwe Stock Exchange and simultaneously admitted to the Official List of the London Stock Exchange.
In December 1999, NMB Bank was granted a commercial banking licence. This enhanced funding capacity as well as improved product offering. The commercial bank opened its doors to the public in July 2000. Headquartered in Harare, Zimbabwe’s capital, NMB has a network of 10 branches.
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