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August 7, 2014

TSYS, MCC sign agreement for payment transaction platform

TSYS has signed an agreement with Philippines-based Metrobank Card Corporation (MCC) to license its PRIME payment transaction processing platform in the Philippines.

By Verdict Staff

TSYS has signed an agreement with Philippines-based Metrobank Card Corporation (MCC) to license its PRIME payment transaction processing platform in the Philippines.

TSYS claims that its platform will enable MCC to manage merchant acquisition together with online authorization and switching on a single platform.

Other value-added services such as installments, credit, loyalty, collections, dispute and chargeback management and acquirer fraud monitoring will also be offered as part of PRIME 4’s integrated payment solution.

MCC president Riko Abdurrahman said: "With PRIME’s inherent flexibility and user-empowerment capabilities including web-based services, high level of paramaterisation, a unique integration layer and extensive APIs, we will be excellently positioned to accelerate our speed-to-market in launching new card products and creating greater customer value through flexible payment options and innovative services for the Philippines’ market."

The deployment of PRIME 4 will also enable MCC to manage its credit and commercial card portfolios.

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