Qatar National Bank Goes Live with PRIME 3
London and Nicosia, Cyprus, 15 May 2007 — Qatar’s highest ranked
bank, Qatar National Bank (QNB), today announced the successful
migration of its cards portfolio to PRIME 3, the latest version of TSYS
Card Tech’s leading card- and merchant-management system.
TSYS Card Tech worked alongside QNB’s project team to ensure
the smooth deployment of the new system, which involved the conversion
of data from 81,000 card accounts, 32,000 customers and 2,300 merchants.
“As the largest bank in Qatar, it is important for business
continuity that this significant upgrade of our card systems proceeded
without incident, on time and in an entirely seamless manner,” says Ali
Ahmed Al Kuwari, general manager of technology and operations at QNB.
“TSYS Card Tech’s support during this transition was first class, and we
are now in position to offer our clients new product offerings backed by
the security of an open, flexible platform.”
QNB chose PRIME 3 which is a newer version of the PRIME1
system it currently runs. Its open architecture enables easy integration
with existing bank and third party interfaces, and its use of a new
database platform, Oracle, offers enhanced multi-institution, workflow
and case-management features. This combination, with full support for
EMV chip-card programs and web-services, provide significant
improvements and make it an attractive upgrade for QNB.
“We are delighted to assist QNB upgrade to PRIME 3. Our
product development is specifically focused on meeting the needs of our
clients and enabling them to take advantage of future market
opportunities quickly and effectively,” says Edith Kessler-Charalambous,
general manager of business expansion for TSYS Card Tech. “We are
confident that PRIME 3 will satisfy and exceed all expectations.”
TSYS Card Tech’s presence in the Middle East spans 17 years,
during which it has maintained long-standing client relationships with
more than 25 financial institutions. Qatar continues to be an important
market for TSYS Card Tech, where its systems are deployed at the top
four banks. Each client is supported locally from TSYS Card Tech’s
office in Dubai, and globally from TSYS Card Tech’s 24-hour support
service facility.
About TSYS Card Tech
TSYS Card Tech (www.ctl.com) is an international provider of
server-based solutions that meet the payment needs of financial
institutions of all sizes throughout the world. For banks competing in
global markets, we offer the perfect combination of market-leading
functionality, flexibility and capacity.
TSYS Card
Tech’s core products are developed in house and address all aspects of
the card-management business, including card issuance, merchant
acquiring, authorisation, message switching, key and PIN management,
e-commerce, dispute and fraud management.
TSYS Card Tech, formerly known as Card Tech Limited, is a
wholly owned subsidiary of TSYSŪ (NYSE: TSS). Based in Columbus, Ga.,
TSYS is 81-percent held by Synovus (NYSE: SNV), one of FORTUNE
magazine’s “Most Admired Companies” and a member of its “100 Best
Companies to Work For” for 10 consecutive years. Together with TSYS,
TSYS Card Tech serves more than 300 clients in 75 countries and support
13 offices around the globe.
About Qatar National Bank
QNB was established in 1964 as the country's first Qatari-owned
commercial bank. The ownership structure is split between the Government
of Qatar (50%) and the private sector (50%). QNB has grown to become the
largest bank in Qatar controlling assets representing approximately 50%
of the total banking system. QNB has the largest distribution network in
the country with 32 local branches and offices and two international
branches in London and Paris. QNB provides a full range of commercial
banking activities for individuals, corporate institutions and
government entities and the Bank's scope of products, services and
delivery channels across all disciplines is unrivalled.
QNB has the highest credit rating among Qatari banks from
leading rating agencies including Moody's, Fitch and Capital
Intelligence. Additionally, QNB has been the recipient of the award
"Best Bank in Qatar" from leading international financial publications
including: The Banker, Euromoney and Global Finance.
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