TSYS today announced the completion of a contract to provide Standard Bank of South Africa card issuing, merchant acquiring and related payment services for the multiple countries across Africa in which they operate.
Standard Bank is a South African-based financial services company with a global presence, operating in 18 countries in Africa and 20 on other continents, including the key financial centres of Europe, the Americas and Asia.
"TSYS were selected after an extensive evaluation of potential processors," said Barry Fergus, Card Director Africa, Standard Bank. "We feel that TSYS' technologies provide the versatility and scalability Standard Bank needed to continue to grow our presence in Africa."
"Standard Bank's decision to partner with TSYS is a tremendous opportunity for us and represents an important ingredient of our ongoing growth plans," said Kelley Knutson, group executive, TSYS Global Services. "We have built our platforms, services, and organisation to provide clients like Standard Bank with a practical global solution for their cardholders and merchants."
Standard Bank's issuer cardholder accounts and acquirer merchant accounts will be processed on TSYS' global single source, multi-client processing solution supporting multiple countries, languages, currencies, functional requirements, regional infrastructure and regulations.