News

TSYS helping Kenya with EMV migration

August 13, 2013

TSYS, a provider of issuer services and merchant payment acceptance, is assisting Paynet, a financial services provider to issuers and acquirers in Kenya, in its "Great Migration to EMV Chip Card" campaign.

Through the campaign, Paynet hopes to fight card fraud by urging FIs and other stakeholders in the region to move toward the higher security EMV chip standard for debit and credit cards.

Paynet currently licenses Prime 4, a TSYS licensed card and merchant management solution, for Visa card portfolio management, and for outsourced front- and back-office card processing and fraud management services for FIs in Kenya and East Africa.

The TSYS Prime platform is also supporting Paynet's EMV initiative, increasing the availability of secure payments across the region and enabling Paynet partners to issue EMV cards.

"In TSYS we have a partner that we can rely on to help bring safer payment transactions for businesses and consumers in this market, and provide the necessary operational support," said Bernard Matthewman, chief executive officer of Paynet.

Read more about EMV.