TSYS® (NYSE: TSS) announced today the celebration of its 20-year partnership with Commercial Bank of Qatar, along with the Bank's signing of a licensing agreement to upgrade to PRIME 4, the latest version of TSYS' card and merchant management solution.
Commercial Bank became a TSYS client in 1992 when it began licensing the solution to manage the issuing and acquiring of its card programs. It has since extended its license and now additionally deploys the single-platform solution to manage its MasterCard and Diners Club card portfolios, point-of-sale networks and loyalty, collections and fraud prevention operations.
"We would like to thank TSYS for its partnership support over these last 20 years, and for the reliable PRIME technology that has enabled the growth of our product portfolio and provided a successful platform for our customer services," said Mr. Abdulla Al Raisi, deputy chief executive officer, Commercial Bank. "We are delighted to have chosen a company that puts people at the center of payments and whose values of trust and integrity we respect and share."
"TSYS is proud of its long association with Commercial Bank, and congratulates the Bank on its success through the years of providing payments excellence and for having a strong presence in the Middle Eastern market," said Jaffar Agha-Jaffar, managing director of Africa and the Middle East, TSYS.