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 Bjørn 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 region.”
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 TSYS® (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.
