Total System Services (Tsys) has agreed a deal with Norway’s SpareBank 1 in Norway to license its PRIME 4 card management solution, which will support the subscriber bank’s issuance and issuer processing of a range of MasterCard and Visa retail credit, charge, prepaid and contactless cards.
The Norwegian bank said that the new card management solution will enable it to meet the growing needs of Norwegian consumers, while helping the bank improve its own card centre infrastructure.
SpareBank 1 Gruppen, which is managed by a group of 16 cooperative banks, has a major presence across Norway with a total of 352 branches.
SpareBank 1 Gruppen project manager Oivind Mellbye said that providing competitive banking products and services to consumers is the bank’s ultimate goal, and working with Tsys will help it to realise further expansion in the area of cards and payments.
“Tsys met all our partner criteria and managed to differentiate themselves on many levels with their proven PRIME licensing solution, global footprint and experienced Nordic track record. They backed this up with a partnership model focused on security, reliability, growth and shared customer values,” Mellbye added.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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