COLUMBUS, Ga. & MANILA, Philippines--(BUSINESS WIRE)--TSYS (NYSE: TSS) announced today that it has signed an agreement to license its PRIME payment transaction processing platform to Metrobank Card Corporation (MCC) in the Philippines. MCC is a strategic joint venture between Metrobank and Australia New Zealand Bank and is one of the largest issuers and acquirers in the Philippines’ market.
MCC will license PRIME 4, the latest version of the payment processing platform, to manage its multi-payment card issuing and merchant acquiring together with online authorization and switching on a single platform. Value-added services for installments, credit, loyalty, collections, dispute and chargeback management and acquirer fraud monitoring will also be offered as part of PRIME 4’s integrated payment solution.
“We chose TSYS after an in-depth analysis of global vendors and their payment processing solutions. TSYS stood out for us, not simply as a vendor — but as a provider who could support our future vision and growth ambitions,” said Riko Abdurrahman, president, MCC. “With PRIME’s inherent flexibility and user-empowerment capabilities including Web-based services, high level of paramaterisation, a unique integration layer and extensive APIs, we will be excellently positioned to accelerate our speed-to-market in launching new card products and creating greater customer value through flexible payment options and innovative services for the Philippines’ market.”
MCC will deploy PRIME 4 to manage its growing credit and commercial card portfolios and will leverage PRIME’s global expertise to bring to market new and innovative payment products.
“Our migration expertise and feature-rich platform, combined with best-of-breed fraud monitoring and value-added services, create a compelling value proposition for MCC,” said Amit Sethi, Managing Director, Asia, Middle East and Africa, TSYS International. “We are delighted with the opportunity to work with MCC to further accelerate the growth of the Philippines’ payments market and broaden access to a wider range of card payment services for MCC customers.”
In 2013, TSYS celebrated its 30-year anniversary in the payments industry. Its in-house, outsourced and hybrid payment solution offerings have an established footprint across approximately 400 clients in 80 countries around the globe — spread across the Americas, EMEA and Asia-Pacific. Its clients are supported by a dedicated team of more than 9,800 team members.
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, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, a TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
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, is a member of the Civic 50 and was named one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.
About Metrobank Card Corporation
Metrobank Card Corporation (A Finance Company) [MCC] was established in August 1985, known then as Unibancard Corporation. Its maiden product was called Unicard, a single currency credit card accepted in key establishments in the Philippines. Over the years, Unicard evolved from a locally accepted card to an internationally recognized credit card when it rode on the MasterCard scheme in 1994 and the Visa scheme in 1998.
In October 2003, Australia New Zealand Bank (ANZ) entered into a joint venture with Metropolitan Bank and Trust Corporation (MBTC) for the cards operation business of MCC. Since then, MCC has already tripled its cardholder base, and has launched a string of new products that offer distinct advantages to its customers, such as special installment plans, unmatched perks and privileges, and invites to exclusive events.