Following successful certification for Visa Smart Debit Credit (VSDC) issuing,
Qatar's
largest
Islamic Bank
,
Qatar Islamic Bank
(QIB), has announced the rollout of its first EMV Visa Electron debit card with the assistance of TSYS' PRIME suite of solutions.
Having deployed the PRIME card management system since 2003, QIB added PRIME Perso, TSYS' value-added personalisation system, to form an end-to-end solution for issuing EMV cards in-house.
The solution will also underpin QIB's future operations to issue Visa Classic, Visa Platinum and Visa Gold credit cards later this year.
'By leveraging PRIME's modular architecture, we were able to swiftly implement PRIME Perso to form a single, integrated solution for our EMV chip card launch," said
Abdul Latif Al Meer
, general manager of retail at
Qatar Islamic Bank
. "We are now in a position to benefit from all the economic and operational advantages relating to one solution, one vendor.'
'We pride ourselves in delivering added-value solutions on time and within budget, and our most recent project with QIB attests to this," said Jaffar Agha-Jaffar, managing director, TSYS MEA. "PRIME Perso enables QIB to issue chip cards from its branches, thereby increasing both operational efficiency and security to its customers."
PRIME Perso operates in conjunction with PRIME Issuer and is compliant with VSDC and MasterCard M/Chip. Its capabilities include all aspects of personalisation, including managing and processing enriched cardholder data, to final card production and embossing.
About
Qatar Islamic Bank Qatar Islamic Bank
(QIB) was incorporated in
as a shareholding company to provide banking services based on Islamic principles. According to the bank's mission statement, QIB aims to accommodate the diverse financial need of its clients by providing a comprehensive range of traditional and modern banking products in accordance with shariah principles, and to generate a satisfactory rate of return for its depositors and shareholders on a consistent basis.
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, debt management, 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
.
