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September 24 2015

Tsys signs payment agreement with Premier Bank

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TSYS announced today that The Premier Bank Limited, 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 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.”

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