TSYS (NYSE: TSS) announced today that The Premier Bank Limited (Premier Bank), a leading commercial bank in Bangladesh, has signed an agreement to upgrade to PRIME 4, the latest version of TSYS’ PRIME payment solutions platform.
A TSYS client since 2003, Premier Bank will leverage PRIME 4’s payment application data security standard (PA-DSS) compliant licensed software solution to manage its MasterCard and Visa card portfolios, covering retail credit, debit and prepaid cards and multi-channel acquiring. Following the upgrade, the bank will also launch a new Premier Bank dual-currency card product – with dual TAKA and USD billing accounts – for international transactions.
“Our main focus at Premier Bank is on how much value we can bring to our clients’ lives in terms of innovation by continually developing our range of products and services,” said M. Imran Iqbal, vice chairman, The Premier Bank Limited. “PRIME 4’s future-ready technology and business functionality will provide us with the technological agility to be successful in our market and make a difference to our customers.”
“TSYS is delighted to extend its relationship with Premier Bank. PRIME is a licensed payments solution that enables our clients to bring innovation and greater payment choice to their respective markets,” said Jaffar Agha-Jaffar, managing director, PRIME Licensing and group executive, TSYS International. “Through PRIME and our valued client relationships, TSYS remains committed to helping drive the Bangladesh payments market forward with broader products and services for financial inclusion.”
TSYS supports approximately 400 clients in more than 80 countries around the globe, and its history of providing licensed software to the Asian market spans more than 20 years.
About The Premier Bank Limited
The Premier Bank Limited is incorporated in Bangladesh as a banking company on June 10, 1999 under Companies Act. 1994. Bangladesh Bank, the central bank of Bangladesh, used the banking license on June 17, 1999 under the Banking Companies Act. 1991. The Head office of the Premier Bank Limited is located at Banani, one of the fast growing commercial and business areas of Dhaka City. The Premier Bank Limited is licensed as a first principal member of Visa International among local private commercial banks and has both domestic and international Visa Credit Cards. We have extended our services with a firm commitment to turn our company motto of “service first” into a reality. We are committed to providing genuine value to our valued customers, partners, employees and communities.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief People-Centered Payments®. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2015 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.
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