Norway’s largest financial
services group, DnB NOR Bank ASA, has chosen TSYS Card Tech’s PRIME card
and merchant management system to manage the fast-growing cards
portfolio of its market-leading credit-card operator, DnB NOR Kort.
DnB NOR Kort has plans to further expand its service solutions for DnB
NOR Kort customers. With support from TSYS Card Tech, DnB NOR Kort are
able to implement SEPA-compliant technology with the flexibility needed
to deliver cost-effective and leading-edge customer services.
With proven scalability for more than 10 million cards, PRIME 3.0 uses
Oracle’s Real-Time Application Clustering (RAC) to achieve secure,
high-volume transaction processing. It will enable DnB NOR Kort to
consolidate its issuance and management of different types of credit and
payment cards, including prepaid, private-label and loyalty cards, on a
single platform. In addition, PRIME provides support for handling
multiple issuers and acquirers on the same installation, support for
multiple languages and currencies, and fully EMV-compliant issuing and
acquiring for Visa, MasterCard and American Express requirements.
“We chose TSYS Card Tech’s PRIME because of its track record in
delivering a cost-effective solution, combined with high performance,
high quality, stability and security,” says BjÃÂÃÂ¸rn Tore Westby, Chief
Executive Officer of DnB NOR Kort. “With PRIME, we can consolidate our
different card management systems to one platform for our various brands
and further improve our market-leading position by offering new and
existing customers even better added-value products and services.”
“TSYS Card Tech is delighted to be able to support DnB NOR Kort’s
operations with its proven, flexible systems,” says Jaffar Agha-Jaffar,
Managing Director for TSYS Card Tech. “PRIME will enable DnB NOR Kort
to maintain a strong competitive advantage by providing the flexibility
to launch new products quickly. Winning this important tender is further
evidence of our continuing commitment to successful growth in the Nordic
About TSYS Card Tech
TSYS Card Tech (www.ctl.com) is an international provider of
server-based solutions that meet the payments needs of financial
institutions of all sizes throughout the world. For banks competing in
global markets, we offer the perfect combination of market-leading
functionality, flexibility and capacity.
Our core products are developed in house and address all aspects of the
card-management business, including card issuance, merchant acquiring,
authorisation, message switching, key and PIN management, e-commerce,
dispute and fraud management.
TSYS Card Tech, formerly know as Card Tech Limited, is a wholly owned
subsidiary of TSYSÃÂÃÂ® (NYSE: TSS). Based in Columbus, Ga., TSYS is
81-percent held by Synovus (NYSE: SNV), one of FORTUNE magazine’s “Most
Admired Companies” and a member of its “100 Best Companies to Work For”
Hall of Fame. Together with TSYS, TSYS Card Tech serves more than 300
clients in more than 76 countries and support 12 offices around the globe.
About DnB NOR Bank ASA
The DnB NOR Group is Norway’s largest financial services group with
total assets of more than NOK 1 400 billion. The Group includes the
strong brands DnB NOR, Vital, Nordlandsbanken, Cresco and Postbanken.
DnB NOR Kort has overall responsibility for the credit-card and
consumer-lending operations of the DnB NOR Group.