Mexican bank Banco del Bajío has signed an agreement with TSYS, a processor of merchant acquirers and bank credit card issuers, to license TSYS’ PRIME 4 card management solution.
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PRIME 4 is PCI-compliant and supports issuing and acquiring as a single-platform, licensable solution with a range of value added services, including intelligent behavioural analytics, portfolio management and fraud and risk analytics.
Banco del Bajío will use TSYS’ solution to manage its credit and private label card portfolios along with its loyalty and instalment programs on the single-platform PRIME solution.
Under the agreement, TSYS will also provide the bank with latest licensed solutions for integrated customer alerts as well as authorization and switching.
Jaffar Agha-Jaffar, managing director of PRIME Licensing at TSYS International, said: "Mexico is an exciting market for TSYS, as the cards and payments market demonstrates dynamic growth.
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By GlobalData"As a leading global payments solutions provider, TSYS is well positioned to provide reliable solutions to address the needs of the Mexican people, including the unbanked and underserved population."
