TSYS Signs Tinkoff. Credit Systems Bank to License PRIME 4

TSYS^® today announced that Moscow-based Tinkoff. Credit Systems Bank (TCS) has successfully upgraded to PRIME 4, the latest version of TSYS’ card and merchant management solution.

TCS introduced the first credit card monoline business in Russia using the PRIME platform to launch 1.7 million credit cards in less than four years. It will now use PRIME 4 to manage the issuance of its MasterCard-branded Tinkoff Platinum credit card.

"TCS is committed to leveraging technology to quickly and effectively offer new products while consistently improving existing ones. PRIME 4’s increased power, efficiency and security is the perfect fit for our expansion strategy,” said Anatoly Makeshin, vice president of Tinkoff. Credit Systems Bank.

PRIME 4 offers a robust, scalable, single platform licensing solution for both card issuing and merchant acquiring and integrates real-time online authorisation and switching, ATM management, fraud detection and risk management tools. Its built-in dispute and chargeback handling, backed by extensive workflow capabilities, help increase operational efficiency and drive down costs.

"We are delighted that Tinkoff. Credit Systems Bank has re-affirmed its commitment to offering their customers the latest technology by choosing PRIME 4,” said Kelley C. Knutson, executive vice president of TSYS International. "PRIME is the leading full-service offering in the licensing arena, and our new version further improves support for the evolving needs of issuing and acquiring institutions requiring greater agility, efficiency and security.”

The PRIME licensing platform has an extensive reach throughout Europe, CIS, the Middle East, Africa and Asia, with a footprint that extends across more than 130 clients in more than 70 countries. It has a proven track record in the market dating back to 1995, with a presence in CIS since 1991 through a card management payments company TSYS acquired which helped launch the first locally-issued payment card in Russia. TSYS maintains a technical support office in Moscow serving international and local banks.

About TSYS

TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes 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. For more information, please visit us at www.tsys.com.

About Tinkoff. Credit Systems Bank

Founded in 2007, Tinkoff. Credit Systems Bank is Russia’s first, and only, pure credit card lending institution. Based in Moscow, TCS Bank issues premium credit card products to customers in all of Russia’s regions through a branchless, virtual network. Using a scalable, end-to-end card operating platform handling customer acquisitions, servicing and payment collections backed by an in-house call centre handling customer enquiries, card activations and collections, TCS Bank is committed to providing the best customer experience while creating competitive and quality products.