October 13, 2011 01:00 AM Eastern Daylight Time
Russian Consumer Lending Institution Celebrates Major Milestone with TSYS
COLUMBUS, Ga. & MOSCOW--(BUSINESS WIRE)--Today TSYS® announced that it has joined with Tinkoff. Credit Systems (TCS) to celebrate the issuance of one million credit cards on TSYS’ PRIME card management solution. One million credit cards marks a significant milestone for Moscow-based Tinkoff. Credit Systems — the first company to establish a mono line credit card business in Russia.
“We are pleased to join TSYS in celebrating this achievement”
“TSYS is very excited by TCS’ achievement and growth in the Russian market. TCS has managed to successfully differentiate its offering in the market and to expand its portfolio impressively,” said Jaffar Agha-Jaffar, managing director in the CIS, TSYS. “We are delighted that our PRIME solution has been a key enabler for TCS’ success, and the company has benefited from the PRIME system’s flexibility, scalability and speed-to-market capabilities.”
“We are pleased to join TSYS in celebrating this achievement,” said Oliver Hughes, president of Tinkoff. Credit Systems. “The team spirit between our organisations has been very positive and has helped our partnership develop. The world-renowned PRIME technology has supported our business development strategy every step of the way.”
TSYS presented key TCS executives with a congratulatory award as part of the celebration. To date, TCS has now issued 1.7 million cards.
As a mono line credit card business and TSYS client since 2006, TCS issues premium credit card products to customers throughout Russia through a branchless, virtual network. The company has been committed to providing the best customer experience while creating competitive and quality products since its inception. TCS’ portfolio currently consists of MasterCard branded credit cards, including co-branded and affinity products.
TSYS has a proven track record in the CIS market dating back to 1989, with a global footprint that extends across more than 130 banks and financial institutions in 70 countries. TSYS maintains a full business and technical support office in Moscow that provides PRIME products and services to banks and financial institutions in Russia and other CIS countries, and employs more than 8,000 skilled resources around the globe.
About TSYS
TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks. For more information, please visit us at www.tsys.com.
About Tinkoff. Credit Systems
Tinkoff. Credit Systems is Russia’s first specialised mono line credit card institution. Using a scalable, end-to-end card operating platform handling customer acquisitions, servicing and payment collections backed by an in-house call centre handling customer enquiries, card activations and collections, TCS is committed to providing the best customer experience while creating competitive and quality products.
