TSYS Signs PRIME (SM) Agreement with Mashreq Bank in Dubai
TSYS (NYSE: TSS) Announced today that it has actually signed a software application licensing and services contract with UAE leading banks, Mashreq Bank. TSYS will certainly give Mashreq with its core PRIME Company and Acquirer payments platform - and surrounding modules and solutions - to improve the bank's customer-centric experiences for its cardholders and vendors.
Mashreq is an award winning bank recognised for its retail and digital banking experiences. The bank also has wide product profiles that include multi-brand credit, debit, and pre-paid cards, as well as Sharia-compliant cards.
" We are just one of UAE's leading financial institutions with a growing retail presence in Egypt, Qatar, Kuwait and Bahrain. Our key focus is offering customers with access to a wide variety of innovative products and services, and this is what led us to TSYS," said Sandeep Chouhan, Head of Operations and Technology at Mashreq. "As one of the biggest repayment option companies in the world, TSYS has the scale and power of PRIME, in addition to the visionary TSYS InterActiv SM technology framework to assist us maintain our customers and vendors at the leading edge of innovation."
Mashreq will leverage TSYS support for omni-channel and digital enablement, including Web APIs and Consumer Alerts. The agreement also includes innovative commitment options at the company and merchant level. These are sustained by real-time fraudulence and threat remedies covering mobile and ecommerce, along with a variety of getting recommendations for seller site, acquiring propositions for merchant portal, acquirer
dashboard, DCC, interactive interchange pricing and more.
" We look forward to partnering with Mashreq as they remain to expand and create their consumer repayment offerings and innovative merchant experiences in the region. Our presence in the Middle East dates back to 1989, and we are really happy to sustain our clients as they own the marketplace forward in this modern region of the repayments world," said Rene Kruse, group executive and managing director of PRIME Business Solutions, TSYS.
About Mashreq
Established in 1967, Mashreq is the oldest Bank in the UAE with award winning financial options and solutions. Throughout its 50 years' history, Mashreq has separated itself through innovative economic remedies, making it possible for its customers to achieve their aspirations.Today,Mashreq has a significant visibility in 11 nations outside the UAE with 21 abroad branches and offices across Europe, UNITED STATE, Asia and Africa.
Mashreq recently introduced its new Vision and Mission, outlining its dedication towards its clients, colleagues and the community. According to its new Vision to be the region's most dynamic bank, Mashreq leverages its management position in the banking industry to make it possible for innovative possibilities and solutions for its customers across Business, Retail, International, Treasury and Islamic Banking. Mashreq is honored to be the first financial institution in the UAE to be granted the Gallup Great Work environment Award for 3 consecutive years from 2014-2016. Mashreq additionally remains to invest in recruiting, training and establishing future generations of UAE Nationalbankers.
About TSYS
TSYS (NYSE: TSS) is a leading global payments provider, providing smooth, secure and innovative services throughout the payments range - from issuer processing and merchant getting to pre paid program management. We do well because we place individuals, and their needs, at the heart of every choice. It's a technique we call People-Centered Payments'. Our headquarters are located in Columbus, Ga., U.S.A., with roughly 11,500 team members and local offices spread out throughout 13 countries. TSYS generated earnings of $4.2 billion in 2016, while refining greater than 25.5 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World's Most Ethical Companies by Ethisphere publication.
TSYS belongs to the S&P 500 and routinely articles very important info on its website.
For even more, check out tsys.com.
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