Tsys Completes DnB NOR Kort MasterCard Conversion
Tsys has completed the 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 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 single euro payments area (SEPA)-compliant solution with the flexibility needed to deliver cost-effective 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 Bjørn Tore Westby, chief executive officer (CEO) 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.”