Total System Services Inc., or TSYS, expanded its payments processing reach this week in Africa and Mexico.
The Columbus, Ga.-based processor said Kenya’s Commercial Bank of Africa plans to use the TSYS card management software to launch the first U.S. dollar-denominated Visa credit cards in Africa.
In addition, TSYS also secured a multi-year agreement with Scotiabank to process payments from the bank’s card portfolio in Mexico.
In Kenya, the Visa credit cards allow bank customers who travel to the U.S. to make purchases that the bank would debit from the customer’s U.S. dollar account, rather than having each transaction converted to local currency.
Commercial Bank of Africa was formerly a client of Card Tech Limited, which TSYS acquired in 2006. The launch allows the bank to add four new U.S. dollar accounts to its portfolio – classic and gold for personal users, and silver and gold for business users, TSYS stated in a press release.
The bank operates the TSYS Prime software for issuing, acquiring, collections and rewards for its various Visa products. TSYS’ Prime is a multi-lingual, multi-currency and multi-institutional single platform for issuers and acquirers, TSYS said.
The agreement in Mexico calls for Scotiabank to convert its consumer card portfolio in Mexico to TSYS’ TS2 platform, which provides campaign and data management, and fraud and risk management tools in addition to payment processing, TSYS stated.
“The capabilities of our technology, together with our experience in the markets where Scotiabank has a presence, is a great combination that will breed a successful partnership for years to come,” M. Troy Woods, president and chief operating officer of TSYS, said in the press release.
TSYS did not release specific terms of the multi-year agreement with Scotiabank.