TSYS today announced the completion of a contract to provide
Standard Bank of South Africa card issuing, merchant acquiring and
related payment services for the multiple countries across Africa in
which they operate.
Standard Bank is a South African-based financial services company
with a global presence, operating in 18 countries in Africa and 20 on
other continents, including the key financial centres of Europe, the
Americas and Asia.
"TSYS were selected after an extensive evaluation of potential
processors," said Barry Fergus, Card Director Africa, Standard Bank.
"We feel that TSYS´ technologies provide the versatility and
scalability Standard Bank needed to continue to grow our presence in
Africa."
"Standard Bank´s decision to partner with TSYS is a tremendous
opportunity for us and represents an important ingredient of our
ongoing growth plans," said Kelley Knutson, group executive, TSYS
Global Services. "We have built our platforms, services, and
organisation to provide clients like Standard Bank with a practical
global solution for their cardholders and merchants."
Standard Bank´s issuer cardholder accounts and acquirer merchant
accounts will be processed on TSYS´ global single source, multi-client
processing solution supporting multiple countries, languages,
currencies, functional requirements, regional infrastructure and
regulations.
About Standard Bank of Africa
Standard Bank Group (www.standardbank.co.za) is one of the big
four full-service South African banks. The group operates in a range
of banking and related financial services. The group has a wide
representation which spans 18 African countries and 20 countries
outside of Africa with an emerging markets focus. Standard Bank has
712 branches in South Africa and 239 in the rest of Africa. Standard
Bank Group is listed on the JSE Limited, share code SBK and has a
December year end.
About TSYS
TSYS (NYSE: TSS) is one of the world´s largest companies for
outsourced payment services, offering a broad range of issuer- and
acquirer-processing technologies that support consumer-finance,
credit, debit, healthcare, loyalty and prepaid services for financial
institutions and retail companies in the Americas, EMEA and
Asia-Pacific regions. For more information contact news@tsys.com or
log on to www.tsys.com.