Mutual Trust Bank of Bangladesh signs for CTL Prime payments technology

Source: Card Tech

Card Tech Limited (CTL), a leading card and merchant management systems provider, today announced it has signed a licensing agreement with Mutual Trust Bank Limited of Bangladesh (MTB), to support all its Visa card issuing requirements.

CTL is a UK-based company which hosts offices in London, Nicosia, Moscow, Dubai and Kuala Lumpur. It offers world-class payment processing solutions across the globe and has been offering its superior card payment systems to the Asia Pacific region for over 15 years. CTL will now provide MTB with PRIME and ONLINE, to handle all its issuing and authorization processing for its entire card base, including Visa credit and debit cards: Classic and Gold.

Mohammed Al-Bassam, Managing Director APAC at CTL, said "CTL's PRIME is one of the world's leading card and merchant management solutions. It is based on tried-and-tested methodologies and has a long history of successful implementations around the world. Its rich functionalities are designed to meet today's market demands, and will enable MTB to develop a competitive product offering while attracting and retaining its valuable customers."

"By signing this latest agreement with MTB, CTL is demonstrating its continued commitment and support to the banking sector in Bangladesh. Essentially, by offering both PRIME and ONLINE, a comprehensive authorization and switching platform, we are providing MTB with the tools to turn its business objectives into a reality."

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