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TSYS Signs Agreement with the Philippines’ Metrobank Card Corporation
|By Business Wire
|August 6, 2014 08:00 PM EDT
TSYS (NYSE: TSS) announced today that it has signed an agreement to
license its PRIME payment transaction processing platform to Metrobank
Card Corporation (MCC) in the Philippines. MCC is a strategic joint
venture between Metrobank and Australia New Zealand Bank and is one of
the largest issuers and acquirers in the Philippines’ market.
MCC will license PRIME 4, the latest version of the payment processing
platform, to manage its multi-payment card issuing and merchant
acquiring together with online authorization and switching on a single
platform. Value-added services for installments, credit, loyalty,
collections, dispute and chargeback management and acquirer fraud
monitoring will also be offered as part of PRIME 4’s integrated payment
“We chose TSYS after an in-depth analysis of global vendors and their
payment processing solutions. TSYS stood out for us, not simply as a
vendor — but as a provider who could support our future vision and
growth ambitions,” said Riko Abdurrahman, president, MCC. “With PRIME’s
inherent flexibility and user-empowerment capabilities including
Web-based services, high level of paramaterisation, a unique integration
layer and extensive APIs, we will be excellently positioned to
accelerate our speed-to-market in launching new card products and
creating greater customer value through flexible payment options and
innovative services for the Philippines’ market.”
MCC will deploy PRIME 4 to manage its growing credit and commercial card
portfolios and will leverage PRIME’s global expertise to bring to market
new and innovative payment products.
“Our migration expertise and feature-rich platform, combined with
best-of-breed fraud monitoring and value-added services, create a
compelling value proposition for MCC,” said Amit Sethi, Managing
Director, Asia, Middle East and Africa, TSYS International. “We are
delighted with the opportunity to work with MCC to further accelerate
the growth of the Philippines’ payments market and broaden access to a
wider range of card payment services for MCC customers.”
In 2013, TSYS celebrated its 30-year anniversary in the payments
industry. Its in-house, outsourced and hybrid payment solution offerings
have an established footprint across approximately 400 clients in 80
countries around the globe — spread across the Americas, EMEA and
Asia-Pacific. Its clients are supported by a dedicated team of more than
9,800 team members.
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
TSYS’ headquarters are located in Columbus, Georgia, with local offices
spread across the Americas, EMEA and Asia-Pacific. TSYS provides
services to more than half of the top 20 international banks, is a
member of the Civic 50 and was named one of the 2013 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.
About Metrobank Card Corporation
Metrobank Card Corporation (A Finance Company) [MCC] was established in
August 1985, known then as Unibancard Corporation. Its maiden product
was called Unicard, a single currency credit card accepted in key
establishments in the Philippines. Over the years, Unicard evolved from
a locally accepted card to an internationally recognized credit card
when it rode on the MasterCard scheme in 1994 and the Visa scheme in
In October 2003, Australia New Zealand Bank (ANZ) entered into a joint
venture with Metropolitan Bank and Trust Corporation (MBTC) for the
cards operation business of MCC. Since then, MCC has already tripled its
cardholder base, and has launched a string of new products that offer
distinct advantages to its customers, such as special installment plans,
unmatched perks and privileges, and invites to exclusive events.
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