TSYS (NYSE: TSS) announced today that leading Mexican bank, Banco del Bajío, S.A., has signed an agreement to license its PRIME 4 card management solution.
Although Banco del Bajío has been a TSYS client for more than 13 years, this latest agreement represents TSYS’ first PRIME 4 signing in the Mexican market.
“As a leading global payments solutions provider, TSYS is well positioned to provide reliable solutions to address the needs of the Mexican people, including the unbanked and underserved population.”
Ranked as one of the top banks in Mexico, Banco del Bajío will leverage PRIME issuing support to manage its credit and private label card portfolios along with its loyalty and installment programs on the single-platform PRIME solution. TSYS will also provide the bank with sophisticated licensed solutions for integrated customer alerts as well as authorization and switching as part of the PRIME licensing agreement.
“We are excited to extend our TSYS relationship with PRIME 4 — a trusted cards and payments management solution worldwide,” said Alexia de la Cerda, head of credit cards department, Banco del Bajío. “We look forward to further expanding our presence in the Mexican market with the continued support of TSYS and its agile payments solutions.”
PRIME 4 is a powerful and flexible cards and payments solution with a proven footprint across 70 countries. It is PCI-compliant and supports issuing and acquiring as a single-platform, licensable solution with a range of value added services, including intelligent behavioral analytics, portfolio management and fraud and risk analytics.
“Mexico is an exciting market for TSYS, as the cards and payments market demonstrates dynamic growth,” said Jaffar Agha-Jaffar, managing director of PRIME Licensing, TSYS International. “As a leading global payments solutions provider, TSYS is well positioned to provide reliable solutions to address the needs of the Mexican people, including the is well positioned to provide reliable solutions to address the needs of the Mexican people, including the unbanked and underserved population.”
In 2013, TSYS celebrated its 30-year anniversary in the payments industry. Its in-house, outsourced and hybrid payment solution offerings have an established global presence with approximately 400 clients in more than 80 countries across the Americas, EMEA and Asia-Pacific. Its clients are supported by a dedicated team of approximately 10,000 team members.