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TSYS Inks PRIME Software License Deal With Enfuce Financial Services

TSYS, the payments company, announced Tuesday (April 18) it has inked a software license and services agreement with Enfuce Financial Services.

In a press release, the company said it signed a PRIME license and that 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 value. This will be the first live operation of PRIME in a cloud environment, following successful end-to-end testing in December 2016, TSYS said in the release.

“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 of Enfuce Financial Services. TSYS’ PRIME solution, which was designed for ease of integration, is a 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, TSYS said.

“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 at TSYS, in the same press release.

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, installment, contactless products, among other things, the companies said.



About: Accelerating The Real-Time Payments Demand Curve:What Banks Need To Know About What Consumers Want And Need, PYMNTS  examines consumers’ understanding of real-time payments and the methods they use for different types of payments. The report explores consumers’ interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities.

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