Total System Services, Inc.
) and SpareBank 1, a leading Norwegian Bank penned an agreement to
avail the right to use Total System's PRIME 4 card management
solution. The solution will support the institution's security,
reliability and growth.
In order to cater to the increasing demand amongst customers in
Norway, Total System's solution will be utilized to aid issuance
and issuer processing of retail credit, charge, prepaid and
contactless cards issued by
Total System's PRIME 4 solution is designed in compliance with
Service Orientated Architecture and benefits the users with a
web-based and scalable solution. The solution allows one platform
support for a number of products and speeds up users' accessibility
to the market and its business agility. This solution is widely
used not only across the Nordic regions but also across the
The company is aggressively expanding the ambit of its products
by forming alliances and signing definitive agreements. The news
follows Total System's strategic coalition with privately-held
Acclaris Inc. to offer card processing solutions to the latter in
an attempt to expand its healthcare payments services network,
recently. It also entered into a joint venture with Central Payment
Co., to tap the booming merchant acquiring business market.
Total System's competitor
) also shares the company's enthusiasm towards expanding its reach
across geographies. Its Capture Solutions was adopted by Navy Army
Community Credit Union to ameliorate its total check deposit
process along with providing better service to its customers.
BridgePortfolio, Inc., also outsourced Fiserv Portfolio
Management and Trading solutions platform for five years.
Fiserv and Total System share the same Zacks Rank #3, which
translates into a short-term Hold rating. We maintain a long-term
Neutral stance on Total System's shares.
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