{"id":9092,"date":"2017-09-12T19:37:14","date_gmt":"2017-09-12T17:37:14","guid":{"rendered":"http:\/\/www.aldiplomasy.com\/en\/?p=9092"},"modified":"2017-09-12T19:41:15","modified_gmt":"2017-09-12T17:41:15","slug":"tsys-signs-primesm-agreement-with-mashreq-bank-in-dubai","status":"publish","type":"post","link":"https:\/\/www.aldiplomasy.com\/en\/?p=9092","title":{"rendered":"“TSYS” Signs PRIME(SM) Agreement with Mashreq Bank in Dubai"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Ashraf Abo Arafe<\/span><\/p>\n

* Award-winning bank to license TSYS\u2019 PRIME for multi-country issuing and acquiring!<\/span><\/em><\/strong><\/span><\/h4>\n

TSYS (NYSE: TSS) announced today that it has signed a software licensing and services agreement with UAE leading financial institution, Mashreq Bank. TSYS will provide Mashreq with its core PRIME Issuer and Acquirer payments platform \u2014 and surrounding modules and services \u2014 to enhance the bank\u2019s customer-centric experiences for its cardholders and merchants.<\/p>\n

Mashreq is an award winning bank recognised for its retail and digital banking experiences. The bank also has broad product portfolios that include multi-brand credit, debit, and prepaid cards, as well as Sharia-compliant cards.<\/p>\n

\u201cWe are one of UAE\u2019s leading financial institutions with a growing retail presence in Egypt, Qatar, Kuwait and Bahrain. Our key focus is providing customers with access to a wide range of innovative products and services, and this is what led us to TSYS,\u201d said Sandeep Chouhan, Head of Operations and Technology at Mashreq. \u201cAs one of the largest payment solution providers in the world, TSYS has the scale and power of PRIME, along with the visionary TSYS InterActivSM <\/sup>technology framework to help us keep our customers and merchants at the forefront of innovation.\u201d<\/p>\n

Mashreq will leverage TSYS support for omni-channel and digital enablement, including Web APIs and Customer Alerts. The agreement also includes innovative loyalty solutions at the issuer and merchant level. These are supported by real-time fraud and risk solutions covering mobile and e-commerce, along with a range of acquiring propositions for merchant portal, acquirer dashboard, DCC, interactive interchange pricing and more.<\/p>\n

\u201cWe look forward to partnering with Mashreq as they continue to grow and develop their consumer payment offerings and innovative merchant experiences in the region. Our presence in the Middle East dates back to 1989, and we are very proud to support our clients as they drive the market forward in this progressive region of the payments world,\u201d said Rene Kruse, group executive and managing director of PRIME Business Solutions, TSYS.<\/p>\n

About Mashreq<\/strong><\/p>\n

Established in 1967, Mashreq is the oldest Bank in the UAE with award winning financial solutions and services. Throughout its\u00a050\u00a0years\u2019\u00a0history,\u00a0Mashreq has differentiated itself through\u00a0innovative financial solutions,\u00a0making it possible for\u00a0its\u00a0customers\u00a0to achieve\u00a0their aspirations.\u00a0Today,\u00a0Mashreq has\u00a0a significant presence in\u00a011 countries outside\u00a0the\u00a0UAE with 21 overseas branches and offices across Europe, USA, Asia and Africa.<\/p>\n

Mashreq recently launched its new Vision and Mission, outlining its\u00a0commitment towards its\u00a0clients, colleagues and the\u00a0community. In line with its new Vision to be the region\u2019s most progressive bank, Mashreq\u00a0leverages its leadership\u00a0position in the banking industry to\u00a0enable innovative possibilities and\u00a0solutions\u00a0for its customers across Corporate, Retail, International, Treasury\u00a0and Islamic Banking.\u00a0Mashreq is proud to be the first financial institution in the UAE to be awarded the\u00a0Gallup Great\u00a0Workplace\u00a0Award for three consecutive years from 2014-2016. Mashreq\u00a0also continues to\u00a0invest in\u00a0recruiting, training and developing\u00a0future generations of\u00a0UAE National\u00a0bankers.<\/p>\n

About TSYS<\/strong><\/em><\/span><\/p>\n

TSYS\u00ae<\/sup> (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum \u2014 from issuer processing and merchant acquiring to prepaid program management . We succeed because we put people, and their needs, at the heart of every decision. It\u2019s an approach we call \u2018People-Centered Payments\u00ae<\/sup>\u2019.<\/em><\/span><\/p>\n

Our headquarters are located in Columbus, Ga., U.S.A., with approximately 11,500 team members and local offices spread across 13 countries. TSYS generated revenue of $4.2 billion in 2016, while processing more than 25.5 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World\u2019s Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com<\/a>.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Ashraf Abo Arafe * Award-winning bank to license TSYS\u2019 PRIME for multi-country issuing and acquiring! TSYS (NYSE: TSS) announced today that it has signed a software licensing and services agreement with UAE leading financial institution, Mashreq Bank. TSYS will provide Mashreq with its core PRIME Issuer and Acquirer payments platform \u2014 and surrounding modules and …<\/p>\n","protected":false},"author":1,"featured_media":9093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[4045,1977,4048,4047,4046,1732,1548],"class_list":["post-9092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-slide","tag-tsys","tag-agreement","tag-in-dubai","tag-mashreq-bank","tag-primesm","tag-signs","tag-with"],"_links":{"self":[{"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/9092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9092"}],"version-history":[{"count":2,"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/9092\/revisions"}],"predecessor-version":[{"id":9095,"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=\/wp\/v2\/posts\/9092\/revisions\/9095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=\/wp\/v2\/media\/9093"}],"wp:attachment":[{"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aldiplomasy.com\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}