PRIME platform helps leading African client drive payments
innovation
COLUMBUS, Ga. & NAIROBI, Kenya - Wednesday, December 5th
2012 [ME NewsWire]
(BUSINESS WIRE/ME
NewsWire)-- TSYS (NYSE: TSS) today announced the celebration of its 15-year
partnership with Kenya’s Commercial Bank of Africa (CBA), one of East Africa’s
leading banks.
CBA became a TSYS client in 1997 when it began using the
PRIME card management solution to manage issuing, acquiring, collections and
rewards for its suite of Visa™ products. Subsequently, it has also deployed
TSYS’ fraud and ATM network management solutions, as well as PRIME’s
Instalments module in order to be the first financial institution to deliver
instalment programmes to the Kenyan market. In 2012, CBA continues to use TSYS
PRIME to drive payments excellence on the continent with the recent launch of
the first U.S. dollar-denominated Visa credit cards in Africa and plans to
pursue a multi-country approach to issuing in Tanzania and Uganda in 2013,
using the PRIME platform.
Celebrating at an award ceremony, CBA chief executive
officer Jeremy Ngunze said, "We would like to thank TSYS for its first-class
support during these last 15 years and for the help it has given us in
introducing our portfolio of successful product offerings. Throughout, our
relationship has been one of partnership, and we are delighted to have chosen a
people-centered company with such a high regard for trust, integrity and
business values.”
"TSYS is proud of its long association with CBA and
congratulates it on the commitment to innovation it has shown over the years,”
said Jaffar Agha-Jaffar, managing director, Middle East and Africa, TSYS. "We
look forward to further extending our strong partnership and help CBA continue
to deliver an exciting range of new products and services backed by our
renowned support and global expertise.”
TSYS has a global footprint spanning more than 130 clients
in more than 70 countries and has an established presence in Africa, where it
supports more than a dozen banks from its offices in Cape Town and
Johannesburg.
About TSYS
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, with
unmatched customer service and industry insight, TSYS is able to support
financial institutions, businesses and governments in more than 80 countries.
Offering merchant payment-acceptance solutions as well as services in credit,
debit, prepaid, mobile, chip, healthcare and more, we make it possible for
those in the global marketplace to conduct safe and secure electronic
transactions with trust and convenience.
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, and has been
named one of the 2012 World's Most Ethical Companies by Ethisphere magazine.
For more information, please visit us at www.tsys.com.
About Commercial Bank of Africa
Commercial Bank of Africa Ltd (CBA) was founded in 1962 in
Dar es Salaam, Tanzania and immediately thereafter established branches in
Nairobi and Mombasa in Kenya, and in Kampala, Uganda. With the nationalisation
of banks in Tanzania, CBA was incorporated in Kenya in 1967 with headquarters
in Nairobi.
Today, CBA is one of East Africa’s largest privately owned
banks with assets of more than USD$900m and 27 branches throughout Kenya and
Tanzania.
Contacts
TSYS Investor Relations
Shawn Roberts
+1.706.644.6081
shawnroberts@tsys.com
TSYS Media Relations
Cyle Mims
+1.706.644.3110
cylemims@tsys.com
TSYS
Sara Ruffell
+357.22882600
sararuffell@tsys.com
Commercial Bank of Africa
Chris Pasha
+254 20 2884305
chris.pasha@cbagroup.com
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