TSYS Successfully Completes DnB NOR Kort Conversion
COLUMBUS, Ga. & LONDON, Jun 03, 2010 (AllPayNews) -- TSYS today announced the successful conversion of the MasterCard portfolio of Norway's largest financial services group, DnB NOR Bank. The bank chose TSYS' PRIME card and merchant management solution to service the portfolio of 2.9 million cards for its market-leading credit-card operator, DnB NOR Kort.
TSYS provided DnB NOR Kort a migration plan for its 2.2 million MasterCard credit cards, following a phased migration of its American Express cards, from a variety of external legacy systems to a single in-house PRIME solution. With support from TSYS, DnB NOR Kort was able to implement a SEPA-compliant solution with the flexibility needed to deliver cost-effective and leading-edge customer services.
TSYS assisted the bank with project design, planning methodology and systems integration, helping DnB NOR Kort achieve secure, high-volume transaction processing. An additional 0.7 million cards, including DnB NOR Kort's VISA cards, will be migrated to the PRIME platform in the final phase of the migration.
PRIME provides support for handling multiple issuers and acquirers on the same installation, support for multiple languages and currencies, and fully EMV-compliant issuing and acquiring for multiple payment schemes. It will enable DnB NOR Kort to consolidate its issuance and management of different types of credit and payment cards, including prepaid and corporate cards, on a single platform.
"We chose TSYS because of its track record in delivering a cost-effective solution, combined with high performance, high quality, stability and security," said Bjorn Tore Westby, chief executive officer of DnB NOR Kort. "The conversion of our portfolio to PRIME is a fantastic milestone in the development of the credit card business in our bank, and we are extremely grateful to TSYS for its careful planning of a seamless migration."
"TSYS will help enable DnB NOR Kort to maintain a strong competitive advantage by providing the flexibility to launch new products and services quickly," said Bob Evans, group executive of TSYS International.
TSYS (TSS 13.95, +0.00, +0.01%) 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 firstname.lastname@example.org or log on to www.tsys.com.
About DnB Nor Bank
DnB NOR Bank ASA (OSE: DNBNOR) is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion (USD 350 billion) and pre-tax operating profits of NOK 11 billion (USD 1.9b) for year-end 2009. With head offices in Oslo, DnB NOR employs over 13,000 staff and serves more than 2.3 million retail customers and 200,000 corporate clients in Norway through a network of 218 branches, 913 in-store banking outlets, 117 real estate brokerage offices and 208 post offices. Its Internet banks are used by 1.6 million customers, and 500,000 customers access its banking services via their mobile phones.
TSYS Media Relations
Cyle Mims, +1.706.644.3110
TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
Sara Ruffell, + 357 22882600
DnB Nor Bank
Roger Augdal Olsen
Director of Strategy and Business Development
Tel: +47 24072182
Mobile: +47 92451021