Ecobank Licenses TSYS’ PRIME
TSYS (NYSE: TSS) today announced that Ecobank, the leading
pan-African banking group, has deployed the latest version of the
PRIMESM payments solution platform, PRIME 4, to support its
acquirer processing of MasterCard, Visa and UnionPay International
point-of-sale (POS) transactions across 28 countries in Middle
Africa.
Ecobank has a major presence in Africa with more than 1,100
branches servicing over 10 million customers in 34 countries,
making it one of the largest providers of financial products and
services on the continent. With a mission to advance Africa’s
economic and financial integration, Ecobank sought a proven
acquiring solution to further improve its merchant services.
Eric Coffie, group head, cards and electronic banking at
Ecobank, said “We were seeking a robust solution to support our
multi-country acquiring operations across the African continent and
PRIME 4’s support for hosting multiple institutions on a single
platform, along with its support for multiple international and
domestic payment schemes, made it the clear choice.”
PRIME is a web-based, flexible and scalable solution optimised
for extensive interoperability and highly parameterised, with
built-in support for multiple languages and currencies, to enable
exceptional versatility in meeting diverse banking requirements. It
offers an integrated solution across the entire payments value
chain, from issuing to acquiring, as well as the regulatory,
compliance and value-added services crucial to those managing
merchant portfolios.
“We are delighted that Ecobank chose PRIME to provide it with a
future-proof platform to further expand its acquiring business. We
have had an African presence dating back to 1995, so we are also
pleased to take this opportunity to re-affirm our commitment to the
continent and its future development,” said Rene Kruse, chief
operating officer, PRIME Business Solutions, TSYS
International.
PRIME has an extensive issuer and acquirer footprint throughout
Africa, Europe, CIS, the Middle East and Asia. Its footprint
extends across more than 100 financial institutions in more than 70
countries.
About Ecobank
Founded in 1985, The Ecobank Group is a full-service bank
focused on Middle Africa. Headquartered in Lome, Togo, it provides
wholesale, retail, investment and transactional banking services to
governments, financial institutions, multinationals, local
companies, SMEs and individuals.
Today, Ecobank is the leading pan-African bank with operations
in 34 countries across the continent, more than any other bank in
the world. It currently operates in countries in West, Central,
East and Southern Africa, namely Angola, Benin, Burkina Faso,
Burundi, Cape Verde, Cameroon, Central African Republic, Chad,
Congo Brazzaville, Democratic Republic of Congo, Côte d'Ivoire,
Equatorial Guinea, Ethiopia, Gabon, Ghana, The Gambia, Guinea,
Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger,
Nigeria, Rwanda, Sao Tome & Principe, Senegal, Sierra Leone,
South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and
Zimbabwe. The Group also has a licensed operation in Paris and
representative offices in Beijing, Dubai, Johannesburg, London and
Luanda.
Ecobank operates as “One Bank” with common branding, standards,
policies, processes to provide a consistent and reliable service
across its unique network of 1,251 branches, over 2,100 ATMs, and
10,000 POS machines servicing 10 million customers. With 18,698
employees as at end of May 2015, the Group is the largest employer
of labour in the financial sector industry in Middle Africa.
About TSYS
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment
providers, businesses and consumers. Our headquarters are in
Columbus, Georgia, USA, and we operate in more than 80 countries
with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management — delivered through partnership and
expertise. We succeed because we put people, and their needs, at
the heart of every decision. It’s an approach we call
‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way
towards the payments of tomorrow. We routinely post all important
information on our website. For more, visit us at tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160509006658/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.comorTSYS
InternationalSara Ruffell, +00357
22882600sararuffell@tsys.comorEcobank Group Head of
CommunicationsRichard Uku, +228 22 21 03 03ruku@ecobank.com
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