The latest license of PRIME 4 will enable QNB to upgrade its card and merchant management solution for multiple countries, multiple languages and multiple currencies on a multi-institutional platform to achieve its overseas expansion policy.
TSYS Middle East, Africa and Pakistan region managing director Jaffar Agha-Jaffar said the firm is pleased to be able to continue to support QNB’s operations with its proven, flexible systems.
"PRIME 4 will enable QNB to maintain its strong competitive advantage by providing the multi-country expansion support required to meet its evolving needs," Jaffar added.
With regards to upgrading of the system, QNB information technology general manager Adel Al Malki said that the bank depends on the suitable performance of its bankcard systems to maintain its market leading position, which supports its continuing international expansion.
"The system’s support for multi-institutions, enhanced security, increased flexibility and easier PCI compliance all factored into the decision to upgrade to TSYS’ PRIME 4 platform," Malki said.
The solution will also monitor and detect suspicious transactions in real time, developed on rule-based technology, which ultimately increases operational efficiency and reduces cost, claims TSYS.
QNB has been using PRIME solution since 1999, which helped Qatar’s largest lender to expand its cards portfolio with ease and demand of the market, said the bank.
