Kenyan financial services provider Paynet has inked a deal with payments supplier TSYS, pursuant to which the latter will help it to migrate its Visa card portfolio to PRIME 4, the latest version of the TSYS licensed card and merchant management service.
According to the technology provider, the PRIME platform supports Paynet’s partnership with TSYS in delivering service and innovation, while significantly increasing the availability of payments across the region to improve quality and alternative for businesses and consumers.
Paynet chief executive officer Bernard Matthewman said in seeking to further the company’s growing success in this market, Paynet targets only the best technologies available.
"In PRIME 4 we have found a solution that will meet our multi-institutional needs, and we know TSYS is a partner we can rely on to continue to provide us with first class operational support," Matthewman added.
TSYS Middle East and Africa managing director Jaffar Agha-Jaffar said, "With its improved security and better risk and dispute management, PRIME 4 delivers extensive functionality and comprehensive benefits."
PRIME 4 is a multi-lingual, multi-currency, multi-institutional and multi-product service for issuers and acquirers.
TSYS offers merchant payment-acceptance solutions to financial institutions, businesses and governments in more than 80 nations, globally.