Tsys today announced that Moscow-based Tinkoff. Credit Systems Bank (TCS) has successfully upgraded to Prime 4, the latest version of Tsys' card and merchant management solution.
TCS introduced the first credit card monoline business in Russia using the PRIME platform to launch 1.7 million credit cards in less than four years. It will now use PRIME 4 to manage the issuance of its MasterCard-branded Tinkoff Platinum credit card.
"TCS is committed to leveraging technology to quickly and effectively offer new products while consistently improving existing ones. PRIME 4's increased power, efficiency and security is the perfect fit for our expansion strategy," said Anatoly Makeshin, vice president of Tinkoff. Credit Systems Bank.
PRIME 4 offers a robust, scalable, single platform licensing solution for both card issuing and merchant acquiring and integrates real-time online authorisation and switching, ATM management, fraud detection and risk management tools. Its built-in dispute and chargeback handling, backed by extensive workflow capabilities, help increase operational efficiency and drive down costs
"We are delighted that Tinkoff. Credit Systems Bank has re-affirmed its commitment to offering their customers the latest technology by choosing PRIME 4," said Kelley C. Knutson, executive vice president of TSYS International. "PRIME is the leading full-service offering in the licensing arena, and our new version further improves support for the evolving needs of issuing and acquiring institutions requiring greater agility, efficiency and security."
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 130 clients in more than 70 countries. It has a proven track record in the market dating back to 1995, with a presence in CIS since 1991 through a card management payments company TSYS acquired which helped launch the first locally-issued payment card in Russia. TSYS maintains a technical support office in Moscow serving international and local banks.