TSYS Prime 4

2019: Service of dynamic currency conversion

On June 21, 2019 there was information that the company of [TSYS] implemented service of dynamic currency conversion on the processing PRIME platform. If earlier to the payment card about three accounts in different currencies became attached, then with creation of this product there was an opportunity to dynamically tie an unlimited number of accounts to one card.

At the same time holders of cards can independently connect additional accounts and change an accounting currency in online the mode via channels of remote banking, emphasized in the company.

All actions can be performed far off and, as a result, to pay purchases in local currency, excepting a conversion margin. In turn, financial institutions can offer service in account-to-account money transfer, attracting new clients due to convenience of service and favorable rates of converting.

Following global trends in digital banking on expansion of customer services, the TSYS company developed and implemented technology of online connection to payment cards of dynamic multiple currency services. This functionality allows our partners to implement new multiple currency card products and on this basis to create competitive advantages, expanding the list of available financial services and attracting clients with convenience of service — Dmitry Filinov, the CEO of TSYS – Russia said.[1]

2012

For February, 2012 PRIME 4 is the reliable, scalable solution for issue of cards and trade acquiring which is based on a single license platform.

The solution integrates in itself functions of carrying out authorization and routing online, abilities to manage an ATM network, detection of fraud and risk management tools. The built-in mechanisms of processing of disputable transactions and chargebacks which are supported by a management system for workflows help to increase efficiency and to reduce costs.

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