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Total System to Boost Premier Bank, ING Bank Card Business

Total System Services, Inc.TSS entered into an agreement with leading Bangladeshi bank The Premier Bank Limited, wherein the latter will upgrade to PRIME 4 - a card management solution of the former. PRIME 4 will ensure The Premier Bank's security, reliability and growth.

The payments markets in Bangladesh has grown in recent years. It is to meet the issuance and issuer processing needs of retail credit, charge, prepaid and contactless MasterCard Incorporated MA and Visa Inc. V cards that The Premier Bank will deploy PRIME 4.

Total System's PRIME 4 solution is a powerful and flexible cards and payments' solution with a proven footprint across 70 countries. It is designed in compliance with Service Orientated Architecture and benefits users with a web-based and scalable solution. The solution provides single-platform support to a number of products, speeds up users' accessibility to the market and enhances the business agility of the deploying company.

In June, National Commercial Bank Jamaica Limited (NCB), Jamaica's largest financial services provider, also upgraded to the latest version of Total System's card issuing and merchant management solution.

The company is aggressively expanding the ambit of its products by forming alliances and signing definitive agreements. In a separate development, Total System's agreed to extend its relationship with ING Bank N.V. for the commercial card portfolio of the latter. With the extension of the partnership, Total System will continue to provide ING Bank N.V. with commercial card processing services and other allied services such as fraud management and 24x7 client services.

While Total System carries a Zacks Rank #2 (Buy), another player ranked equally in the financial sector is Equifax Inc. EFX .

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MASTERCARD INC (MA): Free Stock Analysis Report

VISA INC-A (V): Free Stock Analysis Report

TOTAL SYS SVC (TSS): Free Stock Analysis Report

EQUIFAX INC (EFX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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