TSYS Signs PRIME Licensing Agreement with Enfuce Financial Services for the Nordics Region
Finland-based processor first to deploy PRIME in the cloud environment
COLUMBUS, Ga., HELSINKI, Finland, and LONDON, 12 April, 2017 — TSYS (NYSE: TSS) today announced that it has signed a PRIMESM software license and services agreement with Enfuce Financial Services. The Finnish-based payments services provider has strategic plans to grow its business across Scandinavia.
Enfuce will operate PRIME in the Amazon Web Services (AWS) cloud environment to bring efficiencies to its operating model and allow it to compete in the region through its technology and superior value. This will be the first live operation of PRIME in a cloud environment, following successful end-to-end testing in December 2016.
“We’re excited to launch our new services to the Nordics market. The Enfuce team is made up of passionate financial services and payments experts, and together with the power of PRIME and TSYS as a technology partner, we have a great opportunity for growth,” said Monika Liikamaa, chief executive officer, Enfuce Financial Services.
TSYS’ PRIME solution, designed for ease of integration, is a future-proof payments platform for issuing and acquiring, and continues to evolve to meet the needs of tomorrow’s international markets through licensing, processing and hybrid operational models.
“Enfuce is taking a progressive step forward to operationalize PRIME in the cloud and further demonstrate its ability to support the local needs and innovation drivers across the Nordics,” said Rene Kruse, chief operating officer and group executive, PRIME Business Solutions, TSYS.
Enfuce has signed its first client in the region and will continue to extend its proposition to payment providers in Finland, Sweden, Norway, Denmark and the Baltics. It will provide full support for card issuance and secure payment processing, including payment account, loyalty, instalment, contactless products and more.
About Enfuce Financial Services
Enfuce Financial Service’s mission is to enable change within the payment industry. Our strategy is to be a hub and integrator that enables our customers to offer new innovative, safe and convenient ways to do business. We are based in Finland and offer payment services to the Nordic markets. The key to our success is combining knowledge and experience with our network of partners in order to create the best possible solutions for our customers.
TSYS® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management . We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our headquarters are located in Columbus, Ga., U.S.A., with approximately 11,500 team members and local offices spread across 13 countries. TSYS generated revenue of $4.2 billion in 2016, while processing more than 25.5 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World's Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.
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