Russia's Tinkoff implements Tsys Card Tech's Prime
31 July 2007 | 2198 views | 0
Source: TSYS Card Tech
Tinkoff Credit Systems, a Moscow-based consumer lending bank, has chosen TSYS Card Tech to supply its card management and authorisation system.
The bank plans to become the first credit card monoliner in Russia and will focus exclusively on issuing credit cards.
Tinkoff. Credit Systems sought a platform that would help it aggressively expand its portfolio with highly differentiated card product offerings whilst minimizing its transactions-per-card process costs. TSYS Card Tech's PRIME 3.0 solution offered the necessary flexibility and ease-of-use, backed by its renowned speed-to-market capabilities.
With processing capabilities benchmarked at up to 10 million cards per day, Tinkoff. Credit Systems' PRIME solution will be deployed in conjunction with TSYS Card Tech's authorisation system to achieve secure, high-volume transaction processing.
"We chose TSYS Card Tech's PRIME because we were looking for a customisable solution, which will combine fast time-to-market for new products along with sufficient scalability to support 5-10 million cards in the future," said Oliver Hughes, president of Tinkoff. Credit Systems. "We plan to become the most technologically advanced and nimble player in the consumer lending industry in Russia. Within a year we expect to be among the top three card issuers. We believe TSYS Card Tech's solution is the right element in our IT platform to enable our fast growth."
"TSYS Card Tech is delighted to help Tinkoff. Credit Systems launch its ambitious plans," said Edith Kessler-Charalambous, general manager of business expansion for TSYS Card Tech. "PRIME brings distinct value to our clients to help them quickly expand their business opportunities within the payments sector."