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Bank Nizwa successfully goes live with IRIS Money to launch Digital Wallets

TPS, an innovative payment solutions company, today announced that Bank Nizwa, Oman's first dedicated Islamic bank, has successfully launched wallet program on TPS' IRIS Money platform to offer digital wallets & payment services to its customers.

Mobile is now becoming the primary channel for most consumers globally, driving more commerce than any other channel. With mobile penetration of more than 150%, Oman has a huge potential for Mobile Financial Services where Central Bank of Oman had strategized the country roadmap to tap into this Omni-present channel. With the launch of national wallet program by CBO, country's digital financial penetration will grow many folds acting as catalyst of conversion to cash-light commerce. Capitalizing on this opportunity with IRIS Money, Bank Nizwa has successfully launched mobile wallets, providing seamless, convenient and fast payment options to its customers. Mobile wallet are serving as a digital extension of the bank's services, enabling the bank to expand its market reach, acquire new customers and unlock new revenue streams.

Bank Nizwa mobile wallet app is available for download for both Android and iOS users. Wallet users will have a range of features, including airtime top up, person to person (P2P) money transfer, bill payments, and cardless cash withdrawal via ATMs. Moreover, customers will be able to top up their wallets through cash-in using branch, bank's deposit machines or by making fund transfers using alternate delivery channels (ADC) including digital banking and ATMs.


Arif Al Zaabi, Acting Head of Retail Banking at Bank Nizwa said, "Mobile banking continues to be one of the fastest growing forms of digitalization, representing a highly efficient method of conducting transactions for banking customers. We are proud to be one of the first banks to provide the e-wallet services in the sultanate. Our new e-wallet service merges this effective payment service with the principles of Islamic finance, offering a wide-range of seamless money transfer options. Along with this innovative technology, we are ensuring that every interaction customers have with our e-wallet is convenient, secure, and fast no matter where they are."

Shahzad Shahid, CEO, TPS said, "As mobile is becoming the strongest channel for the delivery of financial services, TPS is enabling progressive customers like Bank Nizwa leverage the power of mobile and the capabilities inherent in IRIS Money to reach a wider base of customers and offer reliable and efficient services."

IRIS Money is a digital wallet and mobile financial services solution by TPS that offers a broad range of customer segmentation, wallet products, and merchant and agent business management options. Inherent support for mobile app and acquiring integration utilizing QR code, NFC and all conventional technology to transact are baseline in offering. Build on a proven, robust, and reliable IRIS Platform, IRIS Money seamlessly integrates with existing infrastructure using ISO20022 or RESTful APIs, allowing banks and telecoms to significantly reduce time-to-market and achieve greater overall efficiency.

Ocean Financial Middle East selects TPS Payment Platform to drive Prepaid Cards Service in the Middle East

Aiming to lead the payment industry with innovative solutions and products, Ocean Financial Middle East (OFME) has collaborated with TPS as a technology partner for its prepaid cards service in the Middle East. Using the very well recognized IRIS Payment Platform and Prepaid Card Management Solution, OFME will be able to sign up multiple corporate and retail clients to meet their prepaid card requirements.

"Our group focuses on a cashless economy with innovation and paramount services. TPS is our technology partner in innovation which is clubbed with our years of experience in services. This makes us a step closer to achieving our vision. We are delighted to be working with TPS." said Danny Planter, CEO at Ocean Financial Group.

"It is a matter of great pride for us that our solution will help elevate the payment experience for many corporations and their customers in the Middle East." said Shahzad Shahid, CEO at TPS "With our payment solution deployed, OFME is well positioned to help both retail and corporate customers take advantage of the fast-growing prepaid market by offering prepaid card service"


The new agreement will see TPS providing a comprehensive prepaid card management solution that will help OFME launch, drive, and grow its prepaid card service and that too with a quick time to market. Corporations will be able to use the service to offer various prepaid card use cases.

"One of the things I liked about TPS is the way they supported us in the planning process and worked hand in hand with us to get this project off the ground." said Haider Ali Raza, Head - Product & Strategy at Ocean Financials Group "We selected TPS because they know the ropes of the prepaid cards business and we are sure their technology will help us stay ahead of the curve and enable us to keep pace with rapidly changing customer demands"

IRIS Payment Platform & PCMS will together form a robust payment infrastructure for this initiative, giving OFME the flexibility to rapidly expand and enrich services. In addition to driving the payment infrastructure, the solutions will provide an enhanced and secure payment experience for the end users.

About Ocean Financial Group:
Ocean Financial Group strives to be a leading processor in the UAE Prepaid Card landscape. Their vision is to provide financial institutions and retailers with innovative prepaid payment solutions to facilitate smooth payment processing and promote outstanding customer experiences. In line with market dynamics, Ocean Financial Group offers a broad range of prepaid card with end-to-end processing and management capabilities, covering the complete lifecycle of a product.

About TPS
TPS is a leading provider of cards and payment solutions trusted by over 130 customers spread across 30+ countries. The company provides a combination of technical and business expertise in the area of card management, prepaid cards, multi-channel issuing and acquiring, payment processing, alternate delivery channel management, bills payment gateway and processing, remittance hub and processing, payment gateways and internet and mobile banking.

World's First Islamic Bank Selects IRIS Payment Platform for Digital Transformation

To keep up in transforming banking industry and meet growing expectations for time-to-market, Dubai Islamic Bank Pakistan has opted for IRIS Omni Channel Payment Platform and Prepaid Cards Management Solution by TPS. As digital banking adoption increases by leaps and bounds and Omni-channels take hold in financial services, Dubai Islamic Bank Pakistan is putting their customers first and investing in top-of-the-line payment technologies.

TPS' Enterprise Payment Solution and Prepaid Cards Management Solution are both crucial elements of the DIB's strategy for digitization of retail banking. The IRIS middleware will provide a fundamentally flexible payment platform which can be easily integrated with innovative alternate delivery channels.

Prepaid Cards will give the bank an opportunity to extend financial services to the unbanked. This is a solution that will help bridge the gap between formal financial services sector and the millions of underserved and unbanked citizens of Pakistan, especially when combined with services such as Business to Person (B2P) and Government to Person (G2P) payments. Prepaid cards will allow consumers in Pakistan to conduct transactions over ATMs', POS Machines & E-commerce websites across the world.


As part of the agreement, TPS will also enable Dubai Islamic Bank Pakistan to issue EMV Debit Cards. The roll out of EMV cards will enable the bank to be on par with the global Payment Card Industry standards and meet changing regulatory requirements.

"Dubai Islamic Bank Pakistan has a structured approach towards digital technology with a clear focus on customer experience as well as on the role that has to be played together by branches and digital banking channels." said Junaid Ahmed, CEO, Dubai Islamic Bank Pakistan "We are happy to have TPS as our long-standing technology partner who have been supporting us in our digital journey and helping us keep pace with the fast changing technology."

"We are delighted to provide Dubai Islamic Bank Pakistan the technological agility that is required to capture the full potential of new payment technologies." said Shahzad Shahid, CEO, TPS "Being an agile company, we are proud that our cutting edge payment solutions will become the main differentiator for the bank when it comes to improving customer experience".

About Dubai Islamic Bank Pakistan
Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB), the world's first Islamic Bank. The parent company DIB is a listed company in Dubai. DIBPL commenced operations in Pakistan as a scheduled Islamic Commercial Bank on March 28, 2006. As a Minimum Capital Requirement (MCR) compliant Bank, the DIBPL enjoys a short-term credit rating of 'A-1' and long-term credit rating of 'AA-' with a "stable" outlook, from JCR-VIS, indicating the bank's robust position in the industry.

DIBP has always endeavored to provide innovative financial products and services to our customers through our growing network of over 243 locations (200 Branches and 43 Branchless Booths) across 62 cities in Pakistan. DIBPL continues to reaffirm its commitment of World Class Banking expertise with the largest Shari'a compliant product suite in Retail, Corporate, Consumer, Trade, Commercial, Treasury and Investment Banking services across Pakistan

About TPS
TPS is a leading provider of cards and payment solutions trusted by over 130 customers spread across 30+ countries. The company provides a combination of technical and business expertise in the area of card management, prepaid cards, multi-channel issuing and acquiring, payment processing, alternate delivery channel management, bills payment gateway and processing, remittance hub and processing, payment gateways and internet and mobile banking.

TPS brings home FPCCI Achievement Award 2017

Pakistan's most promising companies were celebrated on the evening of October 04, 2017 at the 5th FPCCI Achievement Awards by the Federation of Pakistan Chamber of Commerce & Industry. TPS is proud to announce that it was honored with the FPCCI Achievement Award for its Payaxis Payment Gateway Solution. The solution was implemented for JazzCash to provide a convenient and secure online payments platform to their customers.

The Achievement Award is a special recognition awarded to companies that have done exceptionally well in their respective fields and created an impact in society. The award further strengthens TPS' position as a progressive company that is committed to continuous innovation and superior payment experience.


Speaking about the award, Shahzad Shahid, CEO TPS, stated, "TPS continues to be recognized by the industry as excelling in the cards & payments space. This medal belongs to every member of the TPS Family who has built the company brick by brick so much so that it is now a trusted name in digital payments."�

Jaffar Shirazi, Head of Digital Partnerships & Mobile payments, JazzCash said, "We congratulate TPS on winning this prestigious industry award. Their solution has enabled JazzCash Online Payment Gateway to bring convenience to the people of Pakistan. As online shopping is now more convenient and secure, the ecommerce industry is taking off in the country and JazzCash is proud to be playing a key role in helping the industry shape up."

Askari Bank opts for IRIS Omni Channel Payment Platform by TPS

Askari bank has signed an agreement with TPS, to deploy IRIS Omni Channel Payment Platform to drive its digital financial services strategy for improved customer service. With the implementation of this solution Askari Bank will be compliant with the global Payment Card Industry standards.

�IRIS Payment platform will offer payment stability, scalability and flexibility,� said Syed M. Husaini, President & CEO Askari Bank Limited. �The improved process efficiency and the ability to launch and market new services quickly will help us increase our competitive edge in the region.�

�We are committed to providing breakthrough payment solutions to Askari Bank and enabling them to give an enhanced digital banking experience to their customers,� said Shahzad Shahid, CEO at TPS. �We greatly value the bank�s trust in our solutions and are confident that this project will deliver long term benefits to the bank."

The First MicroFinanceBank signs TPS for enablement of Digital Payments Platform

Islamabad, Pakistan � April 26, 2017: The First MicroFinanceBank Ltd. signed an agreement with TPS, a leading payment solutions company, to upgrade its ATM middleware and CMS technology.

The signing ceremony was held in the presence of Mr. Amir Masood Khan, CEO and President, The First MicroFinanceBank and Mr. Shahzad Shahid, CEO, TPS. The agreement is in line with the bank�s goal to transform its digital payments infrastructure. The new agreement will see The First MicroFinanceBank issue and acquire EMV Compliant Debit Cards, meeting both the changing regulatory requirements and evolving business needs.

Speaking on the occasion, Amir Masood Khan said �The signing is in part of bank�s commitment to be the leader in financial inclusion with an emphasis on serving customers from all segments of society across Pakistan. We believe that today�s investment will enable us to more directly influence the potential in the microfinance sector in Pakistan, accelerate financial inclusion and rapidly scale up our customer base.�

Shahzad Shahid, CEO, TPS added; �Having won the trust of The First Microfinance Bank, we now look forward to develop a long lasting partnership with the bank. With our experience of digital transformation and our cutting edge payment platform, the bank will have the ability to add new, innovative banking services with quick time to market.�

More than half the population in Pakistan has no access to formal financial services. With its commitment to support the National Financial Inclusion Strategy, The First MicroFinanceBank Ltd intends to introduce targeted digital financial services, which will support its long term vision of improving financial inclusion in Pakistan.

The Bank of Punjab Signs IRIS - Omni Channel Payment Platform by TPS

Lahore, Pakistan � April 11, 2017: TPS, a leading payment solutions company, today announced that the Bank of Punjab has inked the plans to upgrade its existing switch and middleware technology to IRIS, an omni-channel payment platform. The agreement is in line with the bank�s ambitions to provide the best-in-class and cutting-edge payment services to its customers through various electronic channels.

The Bank of Punjab being one of the largest public sector financial institutions in Pakistan, will leverage the industry leading and highly scalable payment platform technology by TPS to power its digital banking services road map covering retail, corporate as well as various government payment programs. IRIS will not only support EMV issuance of MasterCard Debit Card, but also enable the bank to employ biometrics for identity verification, preventing card abuse and fraud while providing increased transaction security for customers.

�We are delighted to see TPS continue to transform its payment middleware to meet the industry�s growing needs.� said Javed Iqbal, CIO, the Bank of Punjab, �We see TPS as our long-term technology partner, helping us deliver innovative products and services that meet our customer�s demands. We look forward to take advantage of the capabilities inherent in the latest version of IRIS.�

�Forward looking banks in the progressive banking industry understand that they need the right payment platform to support their growth strategy.� said Ahson Saeed, Global Head Business Development, TPS, �TPS has a longstanding relationship with the Bank of Punjab spanning over a decade. Over the years, we have provided the bank our state of the art technology enabling it to provide the highest level of service and features to customers.�

Credit Libanais transforms the ATM customer experience with TPS Payment Platform

Credit Libanais is Lebanon’s leading bank providing cutting-edge banking services to its customers. The bank has signed an agreement with TPS to expand the reach of its services through electronic channels. The bank’s goals for its alternate distribution infrastructure include enhancing productivity and adopting a more agile environment to improve customer experience, deploy services to its customers faster, increase time to market, and achieve greater overall efficiency.

IRIS, an omni-channel payment platform powered by TPS, is being used by the bank for its alternate delivery channel strategy and business objectives as it serves as a foundation on which new, innovative services can be added on channels with great ease and in very quick span of time.

IRIS has been upgraded in the bank to provide Smart ATM services with major enhancements in Product Management and Business Intelligence modules. Smart ATM services work on customer usage trends to give a personalized experience to the bank’s customers. With IRIS Smart ATM feature, the bank’s ATMs will now be able to predict a customer’s favorite transaction based on his usage and preferences, as well as offer targeted banking products to different segments of customers on the ATMs.

TPS’s vision of ATM personalization goes way beyond language preference and favorite transaction. The solution gives each ATM terminal a specific personality based on region, location, time of day, and even by potential relationship with customers as each transaction is considered as an opportunity to have a personal conversation with customers. The solution enables the bank to drive a targeted and personalized marketing campaign for a particular customer or demographic.

“Targeting the right customer at the right time and delivering them a personalized message is our goal,” said Anthony Ussher, Deputy General Manager E-Banking Division at Credit Libanais, “And we believe that data analytics to understand customer behavior is essential to managing a personalized ATM marketing campaign. The solution offered by TPS enables us to give our customers a feeling of association with our bank.”

“TPS is working closely with Credit Libanais in its transformational journey of becoming a truly world class bank providing a seamless banking experiences to its customers ,” said Ahson Saeed, Global Head Business Development at TPS, “At TPS, we understand our client’s business needs and help them deliver innovation and business outcomes that positively impact their business performance.”

Mobilink Microfinance Bank Limited becomes the first microfinance bank in Pakistan to launch HomeSend Remittance Service using TPS Moneta

Powered by TPS Moneta, Mobilink Microfinance Bank Limited (MMBL) is proud to be the first microfinance bank in Pakistan to process international remittances sent through HomeSend. HomeSend, an international Money Transfer Operator (MTO), is a joint venture between MasterCard, eServGlobal and BICS, which enables cross-border and cross-network value transfers globally through a single connection.

The service was launched after Mobilink’s JazzCash signed an agreement with HomeSend to offer international remittance service. Under this agreement, MMBL is processing remittances sent through HomeSend by millions of non-resident Pakistanis to the beneficiaries in Pakistan.

While overseas Pakistanis can benefit from the wide reach of HomeSend’s network and its multiple money transfer channels, beneficiaries in Pakistan can enjoy the convenience of immediately collecting remittance through one of the following channels offered by Mobilink Microfinance Bank Limited:

Cash Pick-up Beneficiaries who do not maintain bank account or those who prefer cash payment can collect remittance by presenting their original ID card/Passport along with Transaction Reference Number at collection location.

Credit to Bank Account All bank account holders in Pakistan can receive Instantaneous transfers in their bank account within a minute by providing their Bank Name, Account/IBAN Number, and Account Title to their sender.

Credit to JazzCash Mobile Account Beneficiaries can also receive instant credit in their mobile wallet account within a minute. They only need to provide their JazzCash Phone Number and Account Title to their sender.

Cash to JazzCash Mobile Account Using this innovative, hassle-free service, beneficiaries can receive their counter remittance payment (Cash Pick-up) in their JazzCash Mobile Wallet Account by just dialing 4444 from their mobile phone.

MMBL’s International Remittance service is empowered by Moneta, a remittance processing solution by TPS. Moneta is a scalable, high-volume, and proven remittance processing system, which provides end-to-end processing of home remittances to banks and financial institutions. It seamlessly connects exchange houses, money transfer operators (MTOs) and the corresponding banks.

"Consumers have a growing need for fast and secure online and mobile payment services. We are glad to help beneficiaries in Pakistan receive remittances wherever they are through our innovative services that are relevant to their needs. We look forward to working with TPS to offer innovative solutions to consumers in Pakistan. " – Ghazanfar Azam, President & CEO, Mobilink Microfinance Bank Limited

“TPS continues to play its part in developing the digital payment landscape in Pakistan. Using our remittance processing solution, millions of non-resident Pakistanis are able to immediately send remittances to their loved ones in Pakistan. It gives us immense pleasure to support Mobilink Microfinance Bank Limited in its drive towards digitization of banking services.” – Shahzad Shahid, CEO, TPS


Mobilink Microfinance Bank Limited offers Internet Banking Solution using TPS' PRISM

With TPS as its trusted technology partner, Mobilink Microfinance Bank Limited is proud to be the first microfinance bank in Pakistan to launch Internet Banking for its customers. By adding digital banking in its product offerings, the bank is enabling its customers to process key financial and non-financial transactions at their fingertips.

Powered by TPS technology, MMBL's internet banking is quick, easy & secure, allowing customers complete control over their accounts. Customers can view their account / debit card balances and assigned transaction limits. The solution also allows customers access to a wide range of features such as ability to generate e-statements, add beneficiaries, setup & schedule inter & intrabank fund transfers, and submit request for ATM card, cheque book, on-demand statement of account and account suspension. Furthermore, the customers will soon have an option option to pay utility bills right from their internet banking account. A mobile banking app will soon be launched to enable customers to make transactions on the go.

MMBL chose TPS solution because of its depth of functionality including multi-country, multi-lingual and multi-currency capabilities. The teams from TPS & Mobilink collaborated to successfully execute this project. TPS Project Management team also received a Project Management Award at P@SHA ICT Awards 2016 for demonstrating superior performance and swiftly executing this project enabling the bank to quickly roll-out the service for its customers.


"We decided to partner with TPS because of its history of successful implementation of retail and internet banking solutions in Asia, Middle East, and Africa. By partnering with TPS, we have been able to provide our customers with the best possible services. Once we go live with PRISM Internet Banking solution, our customers will have access to the latest online banking technology." Ghazanfar Azaam, CEO, MMBL

"Consumers today, expect the ability to access their finances swiftly and reliably. PRISM internet banking solution will help Mobilink Microfinance Bank Limited deliver the digital banking experience that will enable the bank stay at the heart of their consumers. With the flexibility inherent in PRISM�s architecture, the bank will be able to offer new service offerings as customer demands evolve." Shahzad Shahid, CEO, TPS


TPS Receives Multiple Project Management Awards at PMI-KPC Awards 2016


TPS, the innovation leader in cards & payments solutions across various regions, is proud of its Project Management Team for receiving multiple awards at the PMI-KPC Awards 2016. PMI is the world’s largest not-for-profit membership association for the project management profession (, whereas the PMI-KPC awards are the most recognized Project Management awards in Pakistan. The awards ceremony took place on November 26, 2016 at Pearl Continental Hotel, Karachi.

Muhammad Owais Yahya, Senior Project Manager at TPS, was named the Project Manager of the year 2016 for successful deployment of IRIS, a multi-channel payments platform, at Mobilink Microfinance Bank Limited.

The award for the Project of the year 2016 was received by Haseeb Ahmed Khan, Portfolio Manager at TPS, for demonstrating a disciplined and agile approach to successfully deliver a project that would drastically improve the digital payments landscape of Liberia.


M. Owais Yahya

Muhammad Owais Yahya
Project Manager of the year 2016


Haseeb A. Khan

Haseeb Ahmed Khan
Project of the year 2016


"We feel proud and accomplished to receive recognition from PMI-KPC. This demonstrates our maturity and capability of our Project Management Team to deliver projects in a timely and cost-effective manner." said Ahson Saeed, Global Head - Business Development, TPS.

Aadil Mansoor Ali, Head of PMO & Business Excellence at TPS, said, "This is the second time this year that TPS has been recognized with a project management award.  PMI awards were tougher than P@SHA as projects are scrutinized against global project management standards and the competition is across all industries including FMCGs, Engineering, Construction, Oil & Gas, Food, Banking, IT etc.  We are proud of our Project Managers & Portfolio Managers for proving time and again that by setting clear objectives beforehand, detailed planning, strong monitoring & stakeholders management, even the most complex projects can be successfully delivered while meeting cost and schedule commitments."

Covalent to Setup EMV Compliant Card Management System for Soneri Bank

Soneri Bank with its recent strategic alliance with Covalent, a TPS and Access Group joint venture, brings together the combined expertise of all the companies on one common platform, with mutual goals for successful digital transformation.

With this collaboration with Covalent, Soneri Bank will experience enhanced customer experience, efficient launching of new products and services, easier integration with other systems, easy access to data and information, and an expansive yet flexible platform. In our mission to provide innovative and efficient financial solutions to our customers and in regulation with the State Bank of Pakistan�s payment cards upgrades, Soneri Bank has embraced digital transformation.

As part of the agreement, Covalent will setup an EMV Compliant Card Management System to power Soneri Bank EMV Debit MasterCard program. This will provide Soneri Bank a world of possibilities and with IRIS at the core, EMV acquiring, Cardless Withdrawal and Prepaid Card Issuing will be future initiatives.

"We conducted an extensive review of several alternatives and determined that Covalent is suitable for us," states Amin A. Feerasta Chief Operating Officer at Soneri Bank. "Covalent wants us to innovate with their state-of-the-art IRIS platform and services. With common goals we will successfully optimize our service delivery."

"Having a progressive technology business partner is crucial for banks in this technological era because it ultimately influences our customer service experience,� said Ahmed Saqib Asad, CIO, Soneri Bank. �We believe Covalent will empower us with innovative technology to drive a more rewarding customer relationship and greater service efficiency."

"Being able to identify with Soneri Bank�s technology requirements and innovate accordingly is a way forward to a sustainable and mutually beneficial business relationship. Our technology will provide Soneri Bank with the ability to launch different products of their choice with ease that will enhance their value to their end customers well into the future."
- says Imran Qureshi, President Access Group & CEO Covalent

"Quick response to market, efficient services and innovative technology are key enablers of success for progressive banks like Soneri Bank. Covalent is committed to delivering best-in-class results for Soneri and enabling them to better serve their customers."
- said Shahzad Shahid, CEO TPS & Director Covalent.

Covalent is the 1st Local Collaboration on the Cloud, formed with the objective of leading the way towards digital transformation of banks in the most cost effective and efficient way. We offer a white labeled digital payments platform that can address both the short and long term objectives of any financial institution, processor or telco. Incorporated in 2016, we are a joint venture between two leading industry players, TPS and Access Group. This strategic alliance brings together the combined expertise and domain knowledge of both companies, providing the best of the best for the local market. Be it normal electronic banking transactions, ecommerce transactions, loyalty management or mobile payments, we want to change the way the masses transact with newer and innovative ways of making digital payments.

Askari Bank introduces Cardless Cash Withdrawal through Mobile Banking Platform using TPS Solutions

In association with TPS as its trusted technology partner, Askari Bank Limited has launched Cardless Cash Withdrawal service for the first time in Pakistan. With this service, Askari Bank�s customers can withdraw cash without any ATM card. The service is available at all Askari Bank ATMs across Pakistan.

All customers need to do is to login to their Mobile Wallet to generate a voucher. A unique voucher code (One Time Password) is instantly sent to customers via a text message on their registered mobile number. Customers can redeem the voucher at all Askari Bank ATMs across Pakistan, without any ATM card.

Using its domain expertise and years of experience in the payments industry, TPS designed a solution that not only saves the customers from the need to carry their cards all the time but also helps mitigate the risk of card skimmers and shoulder surfing. The service will enable the bank to drive traffic to its digital channels as customers will be relying on the bank�s mobile banking platforms to generate cardless cash transaction.

"We are excited to work with TPS to introduce Cardless Cash Withdrawal in Pakistan. Askari Bank continues to focus on improving customer experience and providing greater convenience by continuing to introduce new and innovative products. Cardless Cash Withdrawal service gives customers easy, secure access to withdraw cash from all Askari Bank ATMs without any card."
- Asim Bashir, Country Head Branchless Banking & ADC, Askari Bank Limited

"Cardless Cash Withdrawal is already widely used in international markets and provides customers a secure and easy way to withdraw cash from ATMs. We are proud to be a part of Askari Bank�s digital transformation journey to provide the safest and best experience to the bank�s loyal customers."
- Shahzad Shahid, CEO, TPS

Meezan Bank partners with HomeSend to process remittances through TPS�s Moneta

Meezan Bank, being amongst Pakistan's largest banks to receive inward remittances, has recently partnered with HomeSend, an international Money Transfer Operator (MTO). HomeSend is a joint venture between MasterCard, eServGlobal and BICS, which enables cross-border and cross-network value transfers globally through a single connection.

Under this agreement, the Bank's Home Remittance service � 'Meezan Easy Remit' will start processing remittances sent through HomeSend by millions of non-resident Pakistanis to the beneficiaries in Pakistan. Meezan Easy Remit, provides an easy, fast, and reliable way for customers to send money to their relatives in Pakistan.

Meezan's state-of-the-art Home Remittance service is empowered by Moneta, a remittance processing solution by TPS. Moneta is a scalable, high-volume, and proven remittance processing system, which provides end-to-end processing of home remittances to banks and financial institutions. It seamlessly connects exchange houses, money transfer operators (MTOs) and the corresponding banks.

Overseas Pakistanis will benefit from the extensive reach of HomeSend's network and its multiple money transfer channels. Beneficiaries in Pakistan can enjoy the convenience of immediately collecting money sent through HomeSend from Meezan Bank's wide network of 551 branches in more than 140 cities across the country.

"Our strength are the banks that successfully run our remittance processing solution. We enable integration with the money transfer operators, automate the processes, and ensure that our clients have the latest technology to deliver seamless experience to their customers,"
said Mr. Shahzad Shahid, CEO, TPS

"Mr. Arshad Majeed, SEVP and Group Head Payment Services - Meezan Bank said, "We are delighted to be associated with TPS for our remittance service. Their solution has helped enhance our service capability to offer convenience to our customers."

Allied Bank launches PayPak Debit Card using TPS Solution

Allied Bank is proud to become the first bank in Pakistan to introduce PayPak Debit Card powered by TPS Solution. Allied PayPak Debit Card will empower the bank�s customers to carry out ATM withdrawals as well as retail/POS transactions anywhere within Pakistan, with no dependency on international payment schemes. With a domestic payment scheme in place, the bank will be able to provide cost-effective payment solutions to its customers.

To support its digital transformation vision, Allied Bank has already deployed TPS�s card management and transaction switching platform enabling the bank to swiftly roll-out innovative cards and payments products. The execution of Allied PayPak Debit card by TPS in shortest time possible enabled the bank to reduce it�s time-to-market.

"Our strategic partnership with TPS will continue to contribute in our digital transformation and enhancing our service capability to offer convenience and exclusive services to our customers"
Faisal Nadeem, Group Head Digital Banking, Allied Bank

"It gives us immense pride to be a part of Allied Bank�s initiative and we greatly value the bank�s confidence and trust in our solutions. As a trusted technology partner of Allied Bank, TPS will continue to support the bank in its effort to deliver seamless banking experience to its customers"
Shahzad Shahid, CEO, TPS

TPS receives Project Management Award for the 3rd consecutive year at P@SHA ICT Awards 2016

TPS, a trusted provider of cards and payments solutions across different continents, for the 3rd consecutive year, has been given Project Management Award at P@SHA ICT Awards 2016. Now in their 13th year, the annual P@SHA ICT Awards are the most recognized and respected ICT awards in Pakistan. The awards ceremony took place on October 14, 2016 in Karachi, Pakistan.

The award was given to honor excellence in project management for demonstrating superior performance in project management practices that led to exceptional organizational results and contributed in the development of the technology ecosystem of Pakistan.

�TPS is into payments systems which are not only mission critical for its customers but their success is determined by rapid delivery of projects too. The award recognizes the disciplined and agile approach of TPS in project management,"
said Shahzad Shahid, CEO, TPS

Speaking about the awards, Aadil Mansoor, Head of PMO & Busiess Excellence at TPS, said, "We are honored to receive an award for "Best in Project Management" category for the 3rd consecutive year. This is a testimony of TPS�s ability to adeptly manage complex projects that requires leadership, thorough planning, risk management, agility, effective management of stakeholders for delivery of complex requirements. By leveraging our expertise in the payments domain, we have successfully delivered various mission-critical projects that drastically improve the digital payments landscape in our target markets".

Askari Bank issues PayPak Card using TPS solution

Askari Bank Limited is proud to launch Askari PayPak Card. This initiative was undertaken in association with TPS as a trusted technology partner.

PayPak is a domestic payment scheme which was launched earlier this year by 1LINK - the largest domestic interbank network in the country. The launch of PayPak card by Askari Bank is a progressive step towards enabling greater financial inclusion in Pakistan. With a domestic scheme in place, the Bank will be able to provide efficient and cost effective payments solutions to its customers. Askari PayPak cards holders will have the ease of making cash withdrawals through ATMs across the country.

Askari Bank deployed the TPS card management and transaction switching platform to quickly roll-out innovative services to furnish its cards, payments and digital banking roadmap. The swift execution of the Askari-PayPak project by TPS is a testament to its delivery capability which enabled the Bank to reduce its time-to-market and fulfill its commitment to the market.

�Askari Bank Limited is proud to be the first bank in Pakistan to launch the PayPak Card. We are pleased with TPS�s delivery speed and thankful for their support and valuable assistance.�
Asim Bashir, Country Head - ADC, Askari Bank Limited

�PayPak is going to transform the digital payments landscape in Pakistan by ensuring digital financial access to both the unserved and underserved population of the country. We are proud to be Askari Bank�s trusted technology partner and consider our selection for this project as an endorsement of trust in reliability of our solutions and delivery capability."
Shahzad Shahid, CEO, TPS

Soneri Bank successfully upgrades to the latest version of PRISM - Internet Banking Solution from TPS

Soneri Bank Limited is one of the fastest growing banks in Pakistan with key focus on digital transformation in banking and financial services. Under their digital banking strategy, the bank has upgraded its PRISM Internet Banking system provided by TPS to provide a revolutionized and seamless digital banking experience to its retail banking customers. PRISM is a comprehensive internet banking solution, which is form-factor agnostic having support for laptops, desktops, tablets and mobile phones. The bank�s focus on extending the availability of technology driven convenience to its customer base has resulted in increased customer loyalty and high rate of customer conversion over the years.

The advanced features and functionality of PRISM enable the bank�s customers to set up and schedule funds transfers, bill payments, domestic remittances and mobile top-up. With usability extended over multiple channels and devices and seamless user experience, the bank�s customers feel in control of their banking, which builds their trust and satisfaction on bank�s services.

The security features have been further enhanced in the latest version of PRISM to ensure that the sensitive information of customers is kept private and encrypted to the strongest level. Multiple security features have been added in the upgraded version with major changes in the solution�s architecture to protect the customers from cross frame manipulation, session hijacking, click hijacking, username enumeration vulnerability etc.

With a proven track record of effectively deploying solutions worldwide and expertise in digital channels transformation, TPS ensured swift execution of the project. An experienced, highly-skilled team from both TPS and Soneri Bank Limited was assigned to smoothly execute the migration of existing features and data to the latest version of PRISM.

�We have been using PRISM internet banking solution because of relevant domain expertise of TPS, its proven deployment skills and growing commitment towards banking and financial services market. We are aware that the customer demand is evolving rapidly and that they know that the technology is available to provide them the desired services. We decided to upgrade to PRISM 2.1 because Soneri Bank wanted to extend usability to multiple channels and devices with a seamless user experience across channels�
Ahmed Saqib Asad, CIO, Soneri Bank Limited

�Over the years we have developed a strong, long-term partnership with Soneri Bank Limited and we are proud to have been their trusted technology partner for more than a decade now. Our expertise combined with our experience of digital channel transformation puts us at the forefront of both usage and deployment."
Shahzad Shahid, CEO, TPS

TPS application suite on Covalent�s cloud platform hosted in Pakistan will help Al Taif Money Transfer achieve financial inclusion in Iraq.

On the side lines of the biggest payments events of the region, Cards & Payments Middle East in Dubai, Al Taif Money Transfer Co (TMT), a subsidiary of Al Taif Group Iraq signed up Covalent (supported by UnionPay International - Al Taif Official Payroll Payment Card Solution), a Joint Venture of TPS and Access Group for powering up their entire Cards & Payments Infrastructure. As part of the deal, Covalent will setup an extensive outsourced white labeled digital payments platform that will serve TMT customers that is both flexible, scalable yet future safe. This ideally positions Covalent as a regional cards and payments processor and with its white labeled digital payments platform any potential Covalent customer can easily and quickly deliver services to a wide variety of customers almost anywhere in the world. Covalent extensive suite of services covers everything from payment instruments i.e. Debit, Prepaid Cards, to their forms i.e. EMV, Magstripe, NFC, to an extensive array of acquiring options i.e. ATMs, POS, mPOS, Payment Gateway, to an elaborate back end services suite with options like merchant management, bill payments, standing instructions, fraud and risk management to name a few.

This deal follows a number of contract wins for Covalent, with the business recently announcing deals with Bank AL Habib, Soneri Bank and Standard Chartered Bank Pakistan spurring a silent revolution in the industry and greater acceptability and trust on the managed services spectrum.

�With Covalent at our side, we are at ease as we know they will deliver on time and with the quality that is the hall mark of both Access Group and TPS� said CEO AL Taif Group. �Our group takes pride in being the trend setter in Iraq and the region. Tasking Covalent with setting up our extensive electronic banking infrastructure speaks volumes about our trust in Covalent. And we strongly believe that it is the best blend of technology and expertise that we can get here in the Middle East�

Han Wang � General Manager UnionPay International Middle East Branch said: �We are accelerating our expansion in the Middle East. This deal will substantially increase UnionPay�s presence in the region. We were impressed with TPS�s proven international track record as a card and payments system provider as well as their demonstrated speed to market. Through cooperation with market leaders like TPS, we are able to keep improving our acceptance network and card-using channels in the Middle East, offering convenient payment services to tourists as well as local residents. This deal represents a significant milestone in our goal to increase access to UnionPay cards internationally. We believe there is a strong strategic fit between UnionPay International and Covalent, an Access Group and TPS Joint Venture and we were impressed with TPS�s proven international track record as a card and payments system provider as well as their demonstrated speed to market�

�Everyone at Covalent is excited to be part of this project and we really hope to be able to meet the ambitious plans and expectations of Al Taif� said Imran Qureshi, CEO Covalent. �Our dedicated product development and project management teams are working closely with Al Taif on a day to day basis to deliver a white labeled digital payments platform that is technologically superior yet highly flexible and robust at the same time."

Shahzad Shahid, Director at Covalent and CEO of TPS, added: �We are pleased to have won the trust of Al Taif Group and it serves to highlight our ability to deliver effective cards and payments processing services globally. We have ambitious plans over the coming years as we look to further expand our cards and payments services into international markets.�

African e-payments system integrator Syrse confides in IRIS platform

Syrse Group, one of Africa�s leading e-payments system integrator, has chosen IRIS as the next generation enterprise application suite to drive its multi-institution e-payments platform in Africa. With IRIS suite, the platform will enable hosting of multiple banks and telecoms to offer digital banking and financial inclusion services for customers.

This hosted setup will be one of its kind meeting PCI compliance standards and offering all in one from switching, prepaid and mobile money services in the West and Central Africa. IRIS being the next generation enterprise application suite will drive complete ATM and POS offering via Visa & MasterCard EMV issuance and acquiring. Customers will have the benefit of 24/7 access to banking services. Comprehensive merchant management solution that this suite provides enables banks to configure, monitor, control and manage its diverse touch points.

Prepaid card management functionality in the IRIS suite will enable banks to launch localized prepaid cards meeting the needs of customers. IRIS multi-tenant prepaid card would enable Syrse to sign up new banks and help them launch variety of prepaid cards both for retail and corporate customers. IRIS prepaid offers complete control on the life cycle of the prepaid program from issuance to activation and management.

Africa, a continent where less than 30% of the population has bank accounts, has the largest take-up of mobile money in the world. Many companies are taking advantage of this opportunity to steer emerging African economies toward a mobile-driven cashless future. With Mobile wallet and agent banking integrated in Multi Institution IRIS Mobile Money, financial institution will be able to offer mobile money services to under-banked customers in the region. Customers would be enabled to open mobile accounts remotely and perform transactions using multiple channels including SMS, POS and Mobile App. The agent banking solution provides comprehensive agent and customer management tools so banks can focus on creating agent network and increasing customer signups while saving infrastructure and setup costs.

Being a PADSS certified and PCIDSS compliant solution from TPS, IRIS has received international accolades and customer endorsements for its reliability, flexibility, ease of use and extended parameterization.

Al Taif Group, Iraq signs up with Covalent for outsourced cards & payments processing services at Cards & Payments Middle East 2016

On the side lines of the biggest payments event of the region, Cards & Payments Middle East in Dubai, Al Taif Money Transfer Co (TMT), the largest money transfer services provider in Iraq with offices in USA, UK, Belgium, UAE and Jordan; a subsidiary of Al Taif Group signed up Covalent; a joint venture between TPS and Access Group for a digital payments platform.

Farhan Al Musawi, CEO of Al Taif Group and Al Taif Money Transfer said: �We are pleased to engage with a strategic partnership with UnionPay, which is one of the largest and most modern companies in the bank card industry in China and the world and TPS & Covalent to deliver effective cards and payments processing services in Iraq. As we all know, Iraqi markets lacks sophisticated cards and payments services, and Al Taif can play a major role in this field. We have promising and ambitious plans in the next few years as we look ahead to lead the cards� issuing and acquiring sector in Iraq and facilitate electronic payments services locally and globally."

The Bank of Khyber Migrates from Phoenix to IRIS for JCB Debit Card issuance
JCB, a global payment scheme headquartered in Japan, is expanding its reach with issuers in Pakistan. Bank of Khyber (BOK) recent success with JCB Debit Card in Pakistan has been covered in JCB global publications. TPS, a leading cards and payments solutions company, has been a partner of BOK for over 13 years. TPS enabled its latest IRIS suite of products to offer digital experience platform to BOK customers. The platform would enable them to issue EMV cards adding security of Chip and Pin for their customers.

Bank of Khyber has successfully migrated from Phoenix to IRIS, an Omni-Channel enterprise payment and card management platform to launch JCB debit card. IRIS will enable BOK�s customer with the benefits of ATMs cash withdrawal in Pakistan and overseas. With the implementation of IRIS, the bank�s customers will also have the convenience of interbank transfer of funds and payment of utilities bills through BOK�s ATMs in Pakistan. This will bring added value to the services rendered by the bank to its customers. The solution provides the bank with advanced ATM controlling and reporting system along with enhanced security and administrative modules. Using IRIS, a next generation enterprise switching middleware, the bank can now add channels and services with great ease and in a very short time to offer even more advanced features to its customers.

IRIS builds a strong framework for banks on which they can immediately deploy support for various delivery channels like ATM, IVR, Call Center, Point of Sale Network, Internet Banking, Mobile Banking, Bill Payments etc.

Being a PADSS certified and PCIDSS compliant solution from TPS, IRIS has received international accolades and customer endorsements for its reliability, flexibility, ease of use and extended parameterization.

Considering the strategic value of the project for both BOK and TPS, a smooth execution and timely delivery was needed. In order to ensure that, a team of highly skilled personnel from TPS and BOK was formed. Both the teams realized all the challenged ahead of time and worked closely together to ensure end to end delivery and successful migration from Phoenix to IRIS.
"I express my sincere thanks to the entire team of TPS who not only extended full support and valuable assistance but also remained available at Peshawar for weeks which enabled BOK to issue the Debit Card."
Shabeer A. Sheikh, EVP/Group Head Operations, The Bank Of Khyber

"It gives me immense pleasure to be able to support Bank of Khyber in their drive to offer enhanced payments platform to its customers. BOK is going to immensely benefit from taking this leap and modernizing its payments with an EMV ready platform and scalable to add new customer channels"
Shahzad Shahid, CEO, TPS
IRIS Payment Switch from TPS commissioned at Waseela Microfinance Bank Limited
Waseela Microfinance Bank Limited (WMBL), the 10th licensed microfinance bank in Pakistan by State Bank of Pakistan, has gone live with IRIS Switch, the next generation Enterprise Switch and Financial Middleware for ATM, POS driving, Debit Cards and IRIS PCMS (End-to-End Prepaid Card Solution).

The project has been deployed in a record duration of 4.5 months where all these services were previously live via an outsourced model. Prior to deployment of IRIS at WMBL, TPS enabled Mobicash to offer bill payment services through its 65000+ agent network. TPS has also enabled WMBL with its state of the art home remittance solution through which WMBL is able to receive foreign remittances directly from exchange houses, banks and money service businesses directly into WMBL accounts and also disburse the remittances from select branch locations.

IRIS is a sophisticated payment solution that enabled WMBL for its Card Management System, ATM, POS & Ecommerce acquiring plans. WMBL customers hosted on Temenos24 - Core Banking solution would be able to avail proprietary as well as a payment scheme cards. Simultaneously, Mobile Wallet customers can also be issued a companion card which can be proprietary or payment scheme cards. The cards can be acquired on banks owned ATM/POS network as well as the shared ATM/POS network with national switch. WMBL will be able to achieve Interoperability between wallets and bank accounts with the entire banking network.

Supported by advanced features of IRIS, WMBL can accelerate the execution of its far reaching strategy, including upgrading the network to support virtual prepaid cards and its new mobile banking initiatives.

The bank will also benefit from a lower Total Cost of Ownership (TCO), increased speed to market and facilitate in channel growth. Additionally WMBL will use IRIS - Prepaid Card Management Solution, a comprehensive end to end prepaid solution, for launching any type of branded or white labeled prepaid cards in the e-banking market domain.

To smoothly execute this migration project, TPS and WMBL have assigned dedicated teams consisting of highly skilled personnel to manage this challenging and strategic project. All assigned resources have worked as a closely-knit team to achieve the challenging project with multiple migration challenges from outsourced platform.

"WMBL's relationship with TPS goes a long way. Their solutions are reliable and their expertise commendable as a leading e-banking solution provider, smooth migration of our services from outsource to in-house model is self-explanatory. We look forward to many more ventures with them"
Ghazanfar Azaam - CEO & President, Waseela Microfinance Bank Limited

"We feel proud to be associated with TPS for our Mobicash initiative. Their solutions and services are up to the mark and expectations and we are confident that they will support us in our business objectives. We see significant prospects for quick expansion in mobile financial services industry by influencing modern technologies to achieve efficiency and transactional conveniences to the target market segment."
Ms. Aniqa Afzal Sandhu - Senior Director, Mobile Financial Services, PMCL

"TPS feels privileged to be associated with Waseela Microfinance Bank Limited as a trusted technology partner for entire e-banking domain. We are excited to expand the digital financial services footprint of the largest mobile operator in Pakistan and help them hold the Pakistan flag high in the other countries that Vimpelcom group operates"
Mr. Shahzad Shahid, CEO TPS
Central Bank of Liberia marches towards interoperable digital ecosystem with TPS Payment Application Suite
The success story of enabling the Central Bank of Liberia with an interoperable financial ecosystem by TPS has passed new successful milestones. The multi- phase delivery has received recognition for the TPS team by the financial regulator of Liberia.

After successful project award for National Electronic Payment Switch (NEPS) by Central Bank of Liberia to TPS, the project has covered major milestones in its successful multi-phase delivery.

With National Electronic Payment Switch (NEPS), CBL targeted national financial ecosystem development with interoperability between banks, telecom and other financial service providers.

Key requirement of CBL was setting up of NEPS encompassing the services of national inter bank ATM/POS shared switch. To build the capacity of small banking institutions, NEPS required multi bank hosting setup with the capability of issuing and acquiring (ATM & POS) for such banks.

TPS takes pride to be entrusted with this prestigious project and has delivered major milestones as part of comprehensive solution. The solution includes in entirety IRIS EFT switch, IRIS multi-institute card management, IRIS multi-institute ATM & POS acquiring system, IRIS switch for telecoms interoperability and UBPS for national bill payment gateway.

Enabled by virtue of this setup, IRIS is designed to interconnect all local banks for interbank ATM and POS transactions and facilitate member banks for issuing cards and connect their ATM & POS machines.

With IRIS deployment in place, local banks are joining the National switch with bank certification in a scheduled prioritized by CBL. TPS commitment to the project has won customer accolades.

TPS is locally represented in the West African region by IPMC which is infrastructure provider of NEPS project.

�On behalf of the CBL team, to express our profound thanks and appreciation to your entire implementation team for the wonderful work you have done thus far and the support you continue to extend the CBL towards the success of this worthy project. I can truly admit that in the midst of many challenges, you have stood by the CBL in ensuing that the project succeed in Liberia. This not only demonstrates your commitment to this process, but also prove your professionalism�
James B. Wilfred, Head, Payments System- Central Bank of Liberia
MCB Islamic Bank signs up TPS for its latest Payment Application Suite

MCB Islamic Bank Limited (MCB - IBL), a subsidiary bank setup recently in Pakistan by MCB Bank, has selected TPS latest payment application suite for multichannel service offering to its customers. MCBIBL has a clear focus on user experience and believes in digital banking to offer convenient services to its customers while ensuring security.

TPS products suite includes �IRIS� Omni-Channel Enterprise Payment Switch & Card Management, �Prism� Online Banking for Desktop & Mobile devices, �Prism Mobile Application� and �UBPS� Multi channel Billers Aggregation Platform. The suite shall allow MCBIBL customers to access their accounts and perform transactions over global network of ATMs and PoS as well as bank�s channels including Phone Banking, Internet and Mobile Banking. The selection of TPS E-Banking Suite by MCBIBL is an endorsement of trust in reliability of TPS products, continued innovation and delivery capability.

IRIS is an enterprise omnichannel payment application and card management system enabling the financial institutes to offer smooth and uniform experience to its customers across the digital channels. Being a PADSS certified and PCIDSS compliant solution from TPS, IRIS has received international accolades and customer endorsements for its reliability, flexibility, ease of use and extended parameterization.

Prism - Digital Banking Suite - is designed to offer personalized experience to users on their desktops and mobile devices. With various modules it enables banks with quick launch of new and reformed business services. MCBIBL plans to launch its mobile banking application on iOS and Android platforms.

The project is backed by an experienced team from TPS and MCBIBL which is excited to augment the Islamic banking proposition with innovative transaction banking solutions. The teams from both organizations are working to realize the challenging project ahead of timeline.

�MCB IBL wants to be a modern bank offering variety of digital channels for its customers to choose from. Focus is on user experience. I am excited to begin the journey with TPS within the MCB group. I am impressed with the innovative work that they have completed across the geographies. We hope that TPS will further help us in achieving our ambitions�
Mr. Ali Muhammad Mahoon, President MCBIBL

�This relationship starts in the year where TPS completes its 20 years of contribution in transforming the e-banking landscape of the country. I hope together we will further work closely in giving a great banking experience to MCBIBL customers.�
Mr. Shahzad Shahid, CEO TPS

APNA Microfinance Bank Joins UPayments

Karachi, October 30, 2014: APNA becomes the first Microfinance bank to sign UPayments, a USSD based mobile banking platform by Ufone � Pakistan�s leading cellular network. After signing major banks of the country, UPayments has now tapped into Microfinance Banking sector, consequently allowing APNA Bank customers to avail the convenient and user-friendly facility of M-Banking. With this option, APNA bank customers can utilize banking services without visiting bank branches.

Exploiting the advantage of this beneficial service, APNA Bank would be able to provide free local fund transfer, whereby two account holders of APNA bank can transfer funds with no cost. Via this technology, customers can also pay utility bills, Ufone prepaid and postpaid payments and IBFT, with more transactions to be added soon. The communication is real-time and session-based, hence completely secure and reliable. Another exciting highlight is that this facility can be used even from outside Pakistan. The usage of this service is absolutely free for the end user, even while roaming. Currently this facility supports basic transactions, with APNA bank planning to explore branchless banking options in near future.

Powered by IRIS, a multi-channel switch by TPS, UPayments is a secure platform that provides funds transfer and bill payment facilities. It has no restriction on the type of mobile used by the customer as USSD technology is available on all GSM mobile phones.  
Syed Faraz of TPS is Pakistan�s First Oracle Certified Master for 11g

Syed Faraz Ahmed from TPS becomes Pakistan�s first Oracle Certified Master (OCM) for version 11g. Currently the most dominant version of Oracle used in Pakistan, only 250+ professionals globally hold the master level certification which is the most advanced exam currently offered by Oracle. About 80% of Pakistan�s banking industry use Oracle 11g for their databases. Those still on version 10g will soon need to migrate as the product is scheduled to sunset soon.

Syed Faraz Ahmed is one of the five professionals from Pakistan that held Oracle Master Certification for version 10g. He upgraded to 11g after a grueling exam held in Bangkok, Thailand. A much difficult exam for upgrades compared to new applicants, about 100 scenarios were tested in 9 hours in real-time based on Server Configuration, Disaster Recovery, Warehouse Management and Performance Management. The test was conducted on three different servers (Production Server, Disaster Recovery Server and Grid-Control Server) with examiners generating and altering scenarios in real-time.

The 11g version is significantly different from its predecessor with a more comprehensive partitioning mechanism (such as interval partitioning), backup and recovery, encryption that even applies to table spaces and performance tools for migration testing. Oracle 12c, the latest version which is even more different than all previous versions, doesn�t have an OCM exam yet.
TPS provides Oracle Consultancy Services and is proud to have Syed Faraz Ahmed as a valuable asset in the field of Database Administration. We congratulate Faraz on this achievement which is a proud moment for both Faraz and TPS.

TPS Receives 3 Awards at P@SHA ICT Awards 2014
Karachi: TPS receives 3 accolades at P@SHA ICT Awards 2014, a prestigious event of Pakistani tech industry held on 15th November. Currently in its 11th year, P@SHA ICT Awards is a premier awards program of Pakistan's IT industry that acknowledges creativity, innovation and excellence of technology institutions.

Pakistan is full of talent and people are coming up with innovative ideas that impact lives. Winning awards at this national level ICT competition in Pakistan recognizes TPS for its continued focus and success in creating positive impact to the economy and general population through innovative and scaling financial technology applications.
After a tough competition TPS was recognized for the following:
Project Management: Winner in Project Management category
Project Management Office of TPS continues to improve its project management methodology to ensure that time, cost, quality and scope are all balanced and all stakeholders are on the same page throughout the project. IRIS migration at Allied Bank Limited (one of the 5 largest banks in Pakistan with 800+ online branches) was one such complex project where 6 legacy solutions were replaced by IRIS Enterprise Switch with minimal downtime and impact, with improved user experience and increased operational efficiency. The matured project management methodology and its immaculate execution covering detailed project planning, project risk management and timely communication helped TPS deliver this huge project on time with customer�s satisfaction.

PayAxis - Payment Gateway: Runners-Up in Financial Application category
PayAxis is a new addition to TPS payments product suite. The product is under implementation as National Payment Gateway in UAE and has already gotten attention of many other entities in the region. PayAxis provides a reliable and secure platform for integrating the merchants with the issuers supporting various payment choices including payment through the bank account. PayAxis allows various government payments, bill payments and money transfer options for customers using a single, easy-to-use interface. The system can support all online banks & merchants, major card and payment processors (VISA, MasterCard), unbranded/local cards, can integrate with branchless banking systems and allow C2B, C2G, B2B and B2G payments.

IRIS 4.0 - Enterprise Switch: Runners-up in Tools & Infrastructure category
IRIS is the flagship product of TPS and the first solution from Pakistan to win both P@SHA and APICTA Awards back in 2008. Much advanced than its earlier version, IRIS 4.0 includes support interfaces with Alternate Delivery Channels like IVR, Call Center, Internet Banking, Mobile Banking, m-commerce and bill payment. EMV compliant and PA DSS validated, IRIS 4.0 has ATM and POS handlers and provides secure financial transaction processing, supports all major ATMs Brands, POS Terminals, Core Banking applications, Regional and International Payment Networks, and interfaces with Credit Card Systems. IRIS has web based built in modules of CRM, Personalization, Monitoring, Reconciliation, Dispute Resolution and Back office operations. The IRIS 4.0 version is under deployment at Central Bank of UAE and Central Bank of Liberia with several existing as well as new IRIS clients taking interest in the latest version.

TPS CEO Shahzad Shahid was part of P@SHA Annual Conference that was held on the morning of 15th November. He was part of two panel discussions titled "Changing Export Landscape" and "How to Scale a Business?". Shahzad was also honored with a memento during the awards ceremony by Chairman P@SHA Dr. Shoab A. Khan.
TPS congratulates Credit Libanais on successful migration of ATM and POS driving to IRIS
Credit Libanais, one of the leading commercial banks in Lebnanon, has gone live with IRIS (the next generation Enterprise Switch and Financial Middleware) for ATM driving and Debit Cards as part of phase 1 of a comprehensive project. The overall scope of the project includes ATM and POS driving, unified card management and merchant management. TPS, along with its partner �Soft Management�, worked closely with the bank and provided technological and business expertise to enable seamless migration from the bank�s existing platform to IRIS. .

Credit Libanais is TPS� first customer where its legacy switch, Phoenix, was deployed more than a decade ago. The relationship between the bank and TPS spans over 18 years and is a testament of the trust and confidence the bank places in TPS as a reliable technology partner.
The bank has migrated its ATM and POS driving to IRIS from IPN (a hosted platform driven by ACI Base24). Prior to this, multi-currency transactions across multiple countries were managed with a dedicated Phoenix switch for every currency. This migration ensures consolidation of multiple Phoenix switches into one IRIS seamlessly managing all the complexity.
Joining the company as a software engineer in 1999, Shahzad moved to the TPS business development team in 2004. His instinctive flair for business was a natural fit and saw Shahzad emerge as a distinctive leader with strategic, creative and financial acumen as well as strong business intellect. His career at TPS, spanning technology and business, has given Shahzad the knack of translating technology ideas into business usages. He has remained deeply involved with company�s strategic business and product initiatives and has played an integral role in shaping the e-banking landscape in Pakistan through closely working with banks, telcos and financial institutions. His experience and active participation in regional e-Banking growth initiatives also benefitted regions like South Asia, West Africa and Middle East with setting up of Inter Bank Shared Network for ATMs and POS, Launch of Mobile Banking, setting up of Payment Processors and Payment Gateways.

In subsequent phases of the project, more features and functionality will be introduced whereby unified card management (Complete Debit Card Management System with Visa and MasterCard issuing and acquiring services) and merchant management and merchant acquiring will be included.

�Credit Libanais has always been a special customer given our relationship that spans over a decade. We are proud to be a technology partner with Credit Libanais and we are confident that Credit Libanais will achieve consolidation and operational excellence through our latest IRIS switching and payment system. With IRIS, the bank will be able to offer value added services to its customers in the least possible time.� � Imran Saeed, Vice President, Business Development (MENA), TPS

�Our relationship with TPS goes back a long way and we are extremely pleased with TPS being the technology partner for our e-banking initiatives. This consolidation was crucial, not only to optimize our operations, but also to be able to quickly come up with new and innovative banking services in the Lebanese market. We are excited and look forward to the innovations and advancements that the latest TPS solutions offer. �- Anthony Ussher, Head of Electronic Banking, Credit Libanais (Lebanon).
TPS appoints Shahzad Shahid as the new CEO

TPS announces the appointment of Mr. Shahzad Shahid as the new Chief Executive Officer of TPS Pakistan and Middle East effective July 1, 2014. Prior to his appointment to the position of CEO, Shahzad was serving in the capacity of CMO of TPS. He succeeds Mr. Muhammad Sohail, co-founder and director of TPS, who served as the company�s CEO since its inception in 1996.

�These are truly exciting times for TPS which began its journey from a 2 person startup more than 18 years ago,� said Muhammad Sohail. �We stand at a juncture where TPS can write a new chapter in its history, just as glorious as its past chapters. Shahzad is a proven leader with technical expertise, business vision and the ability to drive TPS with passion. His energy, drive and vision are exactly what TPS needs as a company to enter its next chapter of expansion and growth.�
The corporate-wide announcement was made during TPS LEAP initiative with TPS global staff. LEAP is a major reorganization initiative that has been carefully devised to bring efficiency and growth at both individual and corporate level. It is aimed to better equip the company to quickly respond as well as adapt to business and market shifts while staying in tune to customer needs.
Joining the company as a software engineer in 1999, Shahzad moved to the TPS business development team in 2004. His instinctive flair for business was a natural fit and saw Shahzad emerge as a distinctive leader with strategic, creative and financial acumen as well as strong business intellect. His career at TPS, spanning technology and business, has given Shahzad the knack of translating technology ideas into business usages. He has remained deeply involved with company�s strategic business and product initiatives and has played an integral role in shaping the e-banking landscape in Pakistan through closely working with banks, telcos and financial institutions. His experience and active participation in regional e-Banking growth initiatives also benefitted regions like South Asia, West Africa and Middle East with setting up of Inter Bank Shared Network for ATMs and POS, Launch of Mobile Banking, setting up of Payment Processors and Payment Gateways.

�TPS is ready and poised to take a leap towards its next level of maturity and global growth. The company as a whole is rightly positioned to capitalize on nascent growth of mass payment initiatives domestically and expand its international payment footprint through its extending products.� Shahzad Shahid said. "The opportunities for TPS are vast, but for them to materialize we will need to focus clearly, move quickly and continue to improve every day. I am confident that TPS has everything to become a recognized and respected name in the payments industry globally.�

VIP CASH on ATM: A Beacon of Light

TPS is committed to providing banking and payment solutions for the masses. It feels great when you go to an ATM, insert your card and PIN and withdraw your desired amount. Ever wondered how you will feel if you cannot read the ATM screen once you are in front of the ATM screen?

Let us consider some facts. The population of Pakistan is about 180 million. Out of this approx. 10% has some disability. The number of visually impaired people in Pakistan are over 2 million, half of which reside in urban areas. According to a survey, about 75% of people are not born visually impaired but become so as they grow old.
In Pakistan, there are over 22 million card holders, more than 6,700 ATMs and over 10,000 branches but sadly, banking services to the Visually Impaired (VIP) customer has been a neglected area; there is hardly any branch or ATM which has some special facility for the VIP customers. On the other hand, countries like USA, Australia and Canada have taken considerable steps to provide convenience to these people. In USA alone, there are more than 100,000 ATMs to facilitate the Visually Impaired people.
The State Bank of Pakistan, in an announcement dated 13th February 2014 [CPD Circular No 2 of 2014 Accessible Banking Infrastructure For Special Persons] clearly stated that banks and other financial institutions must take sufficient steps to facilitate disabled people such as making ramps at branch premises and making the ATMs usable to visually disabled people.

TPS has developed a special solution, VIP CASH, to facilitate banking institutions. This has been developed keeping in mind the visually impaired people which will enable them to make transactions at the ATM like normal people. To use the service, the VIP customer needs to insert an audio jack into the ATM which will trigger the specialized flow. The ATM will voice over each and every activity of the user into the headphone. To keep the system simple for the VIP customer, cash withdrawal and balance inquiry are the features being offered. This solution has been implemented in Standard Chartered Bank Pakistan and is running smoothly. More banks will soon be added to this list.

“Millions of people are underserved by financial institutions for various reasons such as limitations in geographic reach, illiteracy, infrastructure limitations, security problems etc. Physical disability is another restriction which can be solved through intelligent use of technology. Our talking ATMs are one of the many ways in which we have made access to financial institutions easier for the visually impaired. As a corporate it is upon us to provide solutions that bring relief to the masses.” Naseer Hasan, Country Head, Retail Clients, Standard Chartered Bank, Pakistan.

The solution offers many benefits. The banks will be able to offer accessibility for all; it serves as a milestone to social participation and economic opportunity for Pakistanis with disabilities. It will also set an example for other financial institutions and businesses to follow, increase their active banking customer base and bank gain confidence of the community.
First Women Bank moves ADC operations in-house via TPS technology

Figure: TPS, FWB and 1LINK celebrate the bank's successful ADC in-house migration
Karachi, March 7, 2014: First Women Bank (Pakistan), having privilege of being first bank for women in the region, has successfully migrated its ATM switch and Card Management in-house, after staying into an outsourced setup for many years. TPS worked closely with the bank and provided both the technology as well as the technical and business consultancy, to enable seamless migration with no customer impact.

First Women Bank after evaluating various financial models found hosting ADC operations in-house as the favorable alternative. Successful migration has not only improved its products and services but also lowered the recurring costs and proved to be more reliable. In-house setup improves control over operations and quality of service; reduces time to market new initiatives, removes the risk of sharing confidential information to an external entity and facilitates enhancements of products and services as per bank’s roadmap.
The bank had earlier been connected to MNET shared switch network and had its card production and ATM acquiring outsourced. With the migration done, the bank is now connected to 1LINK, having its card production and ATM acquiring driven from Phoenix in-house and will now be able to launch various e-banking initiatives timely.
After the successful completion of initial project, which was a smooth transition from outsource to in-house model, the bank now aims to provide customers with latest e-banking services such as person to person funds transfer (both intra-bank and inter-bank), utility bills payment and access to 1Link POS network.

“We thank TPS for taking complete ownership of the project from initiation to execution. TPS has proved to be a true technology enabler for us. With more control over our e-banking services we can now launch new products within a few weeks. Implementation of various mandates and regulations from State Bank of Pakistan will now be easier and simpler than ever.” - Ms. Fauzia Sohail, Head of I.T, First Women Bank Ltd.

“We are happy that the bank compared the recurring cost with potential business growth it can achieve with the in-house setup which helped it make the decision. Now with the bank using TPS as the core payments platform, TPS is geared up to support the bank to accelerate its growth in e-banking. We congratulate the bank on successful project completion.” Shahzad Shahid, CMO, TPS

“We are extremely pleased and congratulate FWB on their decision to come onboard the 1LINK shared network. This will open up new avenues of e-banking channels which were not previously available to FWB.” - Faisal Ejaz Khan, CEO, 1LINK (Guarantee) Limited.
TPS enables HBL & Ufone to offer corporate payments through mobile phones
Karachi, January 23, 2014: Another milestone has been achieved in mobile banking, where Ufone following its vision of continuous innovation, has launched a new service for corporate sector in collaboration with its partner bank, HBL. Backed by TPS technology, UPayments Business to Business (B2B) service allows corporate users to carry out a range of financial transactions conveniently and efficiently via the unique UPayments platform. This 24/7 service brings much needed convenience to franchise representatives who are no more bound by bank timings to make their daily payments. In the initial phase, over 90 Ufone franchises have come onboard to utilize this service for their daily payments. Launched in August �13, within a span of few months the service processes over 300 million rupees worth of transactions a month.

Figure: UPayments Business to Business service month-wise statistics since launch
Small retailers and distributors will benefit greatly with this new service since they operate at the bottom of the payments cycle. Corporations in these markets now have the opportunity to leverage mobile infrastructure to eliminate inefficiencies in their payments processes and make substantial cost savings.

The registration process is easy where both Ufone and the franchise need to have an account in the partner bank, i.e. HBL, and the franchise representative can register a mobile number on the UPayments service. Once that is complete, transactions can be made using a separate USSD code for corporate payments. This service uses IRIS running at Ufone�s end which directly communicates with the switch at the HBL�s end.

The next phase will include extension of this service to include consumer to business (C2B) payments where this service will be available to the general public to make daily payments to businesses such as restaurants, hospitals etc using mobiles. As a whole �UPayments� platform, using TPS solution IRIS processes over 3 billion rupees worth of transactions in a month which translates to over 100 million rupees of daily transaction volume including Funds Transfer, Interbank Funds Transfer, Utility Bill and telco payments.

�TPS is always enthusiastic to do innovative projects with its clients and partners that revolutionize the e-payments landscape. We believe corporate mobile payments can offer significant benefits and cost savings for those that adopt them and also act as a driver for the mobile payments industry� - Shahzad Shahid, Chief Marketing Officer, TPS

�We are proud to be the first bank which has initiated this project with Ufone and look forward to providing convenience of B2B payments to small businesses in the long run. We are committed to offer a scalable mobile platform to service a wide range of clients from individual customers to the largest multinationals� - Nauman K. Dar, President & CEO, HBL

�UPayments platform has grown exponentially over the years and this new service addition will surely attract attention of the corporate sector. Due to our strong and accurate alignments in the financial industry we have been able to provide integrated payments services, we at Ufone realize that providing mobile solutions to the banked business community is as important as financial inclusion through branchless banking.� - Asher Yaqub, Chief Commercial Officer, Ufone
TPS Enables Easypaisa to Launch Mobile Account ATM Cards

Karachi, January 9, 2014: Easypaisa, Pakistan�s first and leading branchless banking service from Telenor and Tameer Microfinance Bank, has launched easypaisa mobile account ATM cards in Pakistan using TPS IRIS Enterprise Payment Switch. This provides an additional instrument to easypaisa customers who can now access their mobile accounts 24x7 on any ATM across Pakistan. These cards are highly secure and convenient where customers will no longer need to visit an easypaisa outlet to avail easypaisa services.

With the launch of Easypaisa mobile account ATM cards, Easypaisa customers can not only withdraw cash from ATMs nationwide but can also make fund transfers, bill payments and withdraw cash on Tameer Bank POS machines. This card program paves way for significantly improving financial inclusion for easypaisa customers who can receive payments from governmental institutions such as Benazir Income Support Program (BISP), Employees Old Age Benefit Institute (EOBI) and many others. Easypaisa, is well into its 5th year of successful operation and is a triumph story of branchless banking collaboration between Tameer Bank and Telenor Pakistan - made possible through TPS� robust technology and customer and industry oriented services. IRIS Multi-Channel Switch provides comprehensive card management, multi-channel acquiring and connectivity with 1LINK ATM network. IRIS integration with Fundamo�s m-wallet platform allows easypaisa customers to avail e-banking services through ATMs and POS machines.

�It�s essential to have the right partners and IT support to roll out new services. Tameer bank and TPS have both played a significant role in the success of Easypaisa and this service will bring a paradigm shift with far reaching impact�Khurram Malik, Head of Products for Easypaisa, Telenor Pakistan

"With our success of over 250,000 transactions per day, I am sure that this product will provide more convenience and flexibility to our customers�Habib Ali, Head of Branchless Banking, Tameer Bank

�It has been an honor for us to be the technology backbone of Easypaisa. This initiative demonstrates the trust both parties have placed on TPS and our IRIS payment switch platform and we look forward to support Easypaisa in rolling out many more innovative services for customer convenience and success of branchless banking in Pakistan.�Shahzad Shahid, Chief Marketing Officer, TPS.

�TPS is proud to be the technology partner of HBL, the largest bank in Pakistan. The shift towards EMV by HBL shall not only give a more secure payment instrument to its customers but also set the direction for the banking industry in Pakistan." Shahzad Shahid, Chief Marketing Officer, TPS

HBL begins EMV Visa Debit Card issuing and ATM acquiring through its TPS IRIS Enterprise Switch

Karachi, November 21 � As a major step towards EMV migration in Pakistan, the country�s largest bank, HBL, has started issuing EMV Visa Debit Card. IRIS Switch has also been upgraded to support acquiring of Visa EMV cards on the country's largest network of multi-vendor ATMs.

Cards industry in Pakistan is dominated by mag-stripe cards. HBL has taken the initiative to launch chip-based EMV debit card that is currently the most secure card technology in the market. Launched in collaboration with VISA, the chip card uses advanced data protection technology that prevents data theft and open doors to more innovative modes of payments.

The EMV debit card scheme celebrates Pakistani craftsmanship and the cards are adorned with different designs from across the nation. While these crafts add color to the nation�s landscape, HBL supports by carrying them on its most secure card scheme.

IRIS, a Multi-Channel Enterprise Switch, is fully compliant with EMV standards of card issuing and acquiring. Successful implementations have been done for various card schemes including VISA and MasterCard. IRIS currently manages the entire spectrum of delivery channels including multi-vendor ATMs, CDMs, Internet Banking, Mobile Banking and Phone Banking.

�Migrating to chip cards is a major milestone for HBL as it protects our client�s data much more securely. This technology will boost confidence on usage of cards and increase market acceptability of chip-based payments." Faiq Sadiq, Head of Payment Services Group, HBL

�TPS is proud to be the technology partner of HBL, the largest bank in Pakistan. The shift towards EMV by HBL shall not only give a more secure payment instrument to its customers but also set the direction for the banking industry in Pakistan." Shahzad Shahid, Chief Marketing Officer, TPS

HBL is the first commercial bank of Pakistan that was launched in 1947. HBL is now the largest bank in the country with a branch network of 1,500 & 1,100+ ATMs and customer base of over 5 million.

TPS is a leading provider of payment and cards solutions worldwide. TPS enjoys over 80% market share in debit card industry of Pakistan including defacto national switch 1LINK and 3 of the top 5 banks. TPS has a global footprint serving a delighted customer base of over 132 banks, telecoms, central banks, payment processors and other financial institutions spread across 32 countries.
Dubai Islamic Bank Gears Up For Home Remittances With TPS Solution
Tuesday 29th October, 2013 - The impact of remittance on a country�s economy cannot be disregarded. World Bank reports a whopping $ 401 billion annual worker remittance sent to developing countries in 2012. In Pakistan, the major challenge is to receive these remittances through formal channels.

In Pakistan, documented remittances have increased from $ 1 billion in 2001 to a projected $ 14 billion in 2013. This has been possible through the efforts of �Pakistan Remittance Initiative� (PRI), whereby banks have received remittances of $13.5 billion through formal channels in 2012. For banks, this represents a tremendous opportunity to tap for growth.

Dubai Islamic Bank (DIB), seizing the opportunity has partnered with TPS and launched �Remittance Processing Solution (RPS) to offer remittance disbursement service through its growing branch network, straight through processing to account within bank and other bank. The decision to opt for TPS solution was based on thorough evaluation and TPS�s extensive experience in successful deployments across local and international banks.

RPS is a comprehensive solution to facilitate end-to-end processing of home remittances on real-time basis. It seamlessly bridges exchange houses (remitting entities) with the bank. DIB, with TPS switch at the heart of its e-Banking platform, will be able to capitalize on its existing infrastructure to offer convenient and fast home remittance service.

�TPS feels privileged to be associated with DIB as a trusted technology partner for its Remittance disbursement service. We are adamant to working with the bank on further enhancements to offer convenient remittance service.� Shahzad Shahid, CMO, TPS

�TPS has been fueling our aggressive growth plans for more than 7 years now with several e-banking initiatives successfully planned and implemented. Launch of RPS is an addition to our continued success!� Irfan Malik, Head of I.T Operations, Dubai Islamic Bank
1Link Honors TPS At Showcase Event

Karachi, 1st November - 1LINK invited TPS to its event Showcase of 1LINK Services held on October 31, 2013 at Sheraton Hotel, Karachi. The event was attended by senior management of prominent banks, financial institutions and technology partners of 1LINK in Pakistan.

TPS is honored to have received Partners in Success award for being 1LINK�s technology partner since its inception. TPS� technology solutions play an integral role in powering 1LINK � recognized as largest interbank payment network service provider in Pakistan.

We are humbled by the appreciation. We are committed to help 1LINK achieve its ambitious goals and wish them best of luck for future endeavors.
The Bank of Punjab launches bop debit mastercard on phoenix via 1Link gateway

Keeping in view its vision of a customer-focused bank with service excellence, BOP opens new doors of convenience for its customer base of over 700,000 customers. BOP has an extensive network of 306 branches across Pakistan with over 126 ATMs. BOP will be the first bank in Pakistan going for Debit MasterCard issuance over 1Link. This will also be BOP�s first set of branded debit cards.

Customers can now also use their debit cards globally at all MasterCard accepting POS locations and ATMs. MasterCard is accepted worldwide at over 36 million locations. Coming from one of the largest networks of payment cards, MasterCard debit card is an emblem of convenience, accessibility and control.

1LINK is the largest shared ATM network of Pakistan and has partnered with VISA and Union Pay to enable all banks on its network to issue and acquire VISA and Union Pay enabled cards. Through this initiative, 1LINK for the first time will allow MasterCard enabled debit cards on its network using TPS switch at its core.

TPS in addition to being 1LINK�s technology backbone also enjoys an exclusive relationship with BOP as its technology partner. TPS has extensive expertise in the domain of cards and payment solutions. TPS systems powering the bank�s operations include Phoenix, Insight and ACCeSS. The Debit MasterCard issuance will be using Phoenix and ACCeSS solutions at its backend.

�BOP�s relationship with TPS goes a long way. Their solutions are reliable and their expertise commendable as a leading e-banking solution provider. We look forward to many more ventures with them� Mustafa Hamdani, Group Head - Payment Services The Bank of Punjab

�TPS is honored to be BOP�s trusted technology partner. We will work hard to ensure this venture follows our record of successful deployments in BOP. � Shahzad Shahid Chief Marketing Officer, TPS

�This project undertaking marks a milestone for us as we for the first time provide Debit MasterCard issuance over 1LINK. It�s always a privilege working with TPS on its endeavors with different financial institutions. � Faisal Ejaz, 1LINK Guarantee Limited Chief Executive Officer
Allied Bank decides to migrate to TPS IRIS Multi-Channel Enterprise Switch
Tuesday, March 19, 2013

TPS, a global provider of cards and payment solutions, today announced that Allied Bank Limited, one of the largest banks in Pakistan and the first bank to be established in the country, has decided to upgrade to TPS' next generation multi-channel payment solution 'IRIS' to support its ambitious growth strategy.

Following a detailed switch selection process, where solutions for both in-house and outsourcing models were evaluated, Allied Bank has selected IRIS as its in-house payment switch because of IRIS parameterization, scalability, reliability and supporting cost-effective growth.

IRIS is a sophisticated payment application that offers one window solution for transaction processing, debit and prepaid card exclusive management, ATM controller, Transaction and ATM network Monitoring, Integrated Channel Management and ADC CRM. Supported by IRIS advanced features, Allied bank can accelerate the execution of its far reaching strategy, including upgrading the network to support chip-cards, advance its mobile banking initiative, while providing value-added services to its accountholders. The bank will also benefit from a lower Total Cost of Ownership (TCO), increased speed to market and facilitate in channel growth. Additionally ABL will use Instant Card Issuance capabilities, comprehensive Point of Sale (POS) and other payment products.

TPS has been associated with ABL since 2003 when it was selected by the bank to setup a transaction switch 'Phoenix' and other peripheral applications. In the span of 9 years, TPS technology has facilitated bank to scale and handle ATM network of 700+ ATMs and process the card life cycle of over a million debit cards.

To smoothly execute this upgrade project, TPS and Allied Bank has assigned a dedicated team consisting of highly motivated and trained senior personnel to manage this challenging and strategic project. All assigned resources will work as a closely-knit team with the aim to successfully deliver this project timely.

"At Allied bank we aim to offer innovative solutions and value added services to our customers. To meet this objective we plan to fully utilize IRIS scalable and modular architecture and features by rolling out new products and services, meeting customer's requirements and expectations within shortest possible time. Our strategic partnership with TPS will contribute in our technology transformation and enhancing our service capability and to offer convenience and exclusive services to our customers," said Mujahid Ali, Group Chief, Information Technology, Allied Bank Limited.

"It gives us immense pride to be a trusted partner of ABL, and be a part of ABL's continuous retail payment growth initiative. We greatly value ABL's confidence and trust in us and we are certain that the partnership of TPS and ABL will deliver long term benefits." said Muhammad Sohail, CEO, TPS Pakistan (Pvt.) Ltd.

(UAE) and TPS launch Integrated Salary Cards Solution for Effective Payroll Management

Al Fardan Exchange – UAE, a leading money exchange and remittance house, has successfully gone live with IRIS switch for its integrated salary cards solution. With this implementation, Al Fardan Exchange is providing automated salary disbursement services to large number of employers in UAE and has empowered the end blue collared worker with the facility of electronic money. TPS’ IRIS – A versatile cards and switching product provides an end-to-end solution for wage payment and online remittances to Al Fardan Exchange, through various delivery channels like POS and ATMs.

As a brief background to this innovative solution, Ministry of Labour mandated that all companies should pay and automate salary disbursement of their employees through registered exchange houses or banks. TPS, being a cards and payment processing solution expert in the region, once again bridged this gap through its innovatory salary card solution for end-to-end automation.

This salary solution is based on TPS’ Switch and Prepaid Card System IRIS and TPS’ Web Portal PRISM product. It’s a corporate payroll solution designed to improve the salary disbursal process, enabling companies and their employees to process and manage salaries efficiently, in compliance with the stipulations of the UAE Ministry of Labour’s Wages Protection System. The innovative product infuses greater reliability to payroll management and has been a huge success in the UAE.

Al Fardan has branded the salary disbursement service for employers’ as “e-money”. Using e-money, the employer registers its employees online with Al Fardan Exchange and to avail payroll services powered by TPS’ PRISM Portal .This online interface improves operational efficiency and enables transparency throughout the process.

To enable salary cards Al Fardan Exchange is running TPS’ Switch and Prepaid Card System (IRIS) to connect POS and issue stored value cards to the employees of the companies. Al Fardan Exchange has deployed more than 70 POS terminals in all its branches and labor camps across UAE to offer salary disbursement. Leveraging the flexibility of IRIS, Al Fardan plans maximise the reach of salary disbursement and remittances by enabling extended delivery channels.

As millions of workers from around the globe seek employment in other countries, payments to their families back home are creating dynamic flows of money especially in the UAE. Al Fardan is positioned as one the most reliable exchange house in UAE offering remittance to millions of people. It has very successfully capitalized on this profitable market and by venturing in to offering WPS services its has been able to unite both Electronic Salary Disbursal and Automated Remittance services using TPS’ IRIS as a backbone under its e-money platform.

Till now TPS’ IRIS has processed over a hundred thousand of salary transactions. There are more three hundred satisfied employers using this service from Al Fardan. Numbers speak for its self; over the last six months the client base of Al Fardan has increased to more than thirty percent and the card base has crossed sixty thousand reflects the success of Al Fardan “E-money” project by opting for TPS’ IRIS and PRISM product.

“Al Fardan Exchange has already started its EWPS operations with renowned companies who are having thousands of workers/laborers in UAE and its going pretty well. Al Fardan is committed to provide services that deliver real value to its customers. It is a great privilege for us to help thousands of corporates across the UAE to disburse salaries as per the convenience of their employees, saving on the trouble of withdrawing and handling cash and the additional accounting required for cash transactions.

Employees on the other hand are enjoying the simplicity and convenience of receiving salaries directly on the Salary Card with an option to remit directly through e-money card. Employees can now withdraw their salaries and remit at the same time from the POS Terminals installed at our branches and labor camps spread across different locations in UAE”

Mr. Osama Hamza Al Rahma,
General Manager, Al Fardan Exchange.

of Kuwait goes live with IRIS for its alternate distribution program
Commercial Bank of Kuwait, one of the leading banks in Kuwait, has successfully implemented IRIS, the next generation switch and alternate delivery channel manager. With 53 branches conveniently placed throughout Kuwait, the Commercial Bank of Kuwait operates the second largest full service network in Kuwait. CBK is one of the forerunners in the region for having diversified e-banking products and capitalizing on it by delivering them through its alternate delivery channels.

It is noteworthy to mention that prior to current architecture; HPS was powering the ATM network and hosting Debit/Credit Cards of CBK. However, the bank was limited by the restrictions posed with the incumbent architecture, as the credit card and debit card products lacked specialization and were based on standard generic models. With the dynamics of both Debit and Credit Cards being dissimilar from operational as well as product life cycle perspective, CBK faced a major challenge at the hands of legacy system which had both high operations cost as well as limitations to expand product range and services. The architecture was not flexible which lead to a high time to roll out new service on each channel.

IRIS now not only drives ATM/CDM and host debit card, but also functions as a middleware and channel manager for efficient delivery channel operations and reduced budgets. The bank also takes advantage of the dispute resolution module for quick identification and removal of any disagreement issue of customer. CBK wanted to target a greater customer segment by introducing different Automated Deposit services, which the legacy system would not cater for.

The migration strategy was divided in clear and simple phases. The initial Phase catering to card migration to IRIS and driving of ATM, later stage involved shifting of credit cards to AFS and driving deposit machine as well. In the final stage all the delivery channels were to be connected to IRIS rather than host. In this migration, IRIS ensured that the customers should not face any sort of disruption during the cutover phase.

IRIS was selected because of its proven track record, flexibility and robustness of the solution and its unparalleled feature set. After a detailed review IRIS at CBK constitutes of ATM Switch, Card Management System, EMV Acquiring and Issuing, Cash Deposits, Bill Payments, ATM Monitoring, Host Interface, Call Center CRM, KNET and VISA interface, Channel Manager, Middleware, EJ, SMS integration, Remote Distribution and other modules as part of single platform.

The transition has brought flexibility for both debit and credit card products, as the respective teams can own and pursue tailored products. With Iris, CBL has embarked on a strategic path to enhance its market share through the delivery of greater customer service and increased coverage.

“CBK has a clear objective to be technologically innovative to achieve its business goals. We selected IRIS over the other options because of the flexibility and scalability the solution offers. The improved process efficiency and the ability to market new services quickly, helps CBK to increase its competitive edge in the region.”

signs for IRIS for its complete alternate distribution and remote banking program
United Bank Limited, one of the largest banks in Pakistan with a solid track record of fifty years and over 1112 branches, has inked a deal with TPS for migrating from Phoenix switch to IRIS for its complete remote banking program. Phoenix, driving the complete remote banking program, at UBL is one of the most complex sites managing a multitude of e-Banking services. With this deal, UBL becomes an example of one of the first and the largest site, driving transactions of over 1.5 million debit and pre-paid card base customers in Pakistan, to migrate from Phoenix switch to IRIS.

Currently, Phoenix at UBL is sitting at the heart of transaction switching and is the hub of all e-Banking activities at UBL. The bank’s decision and trust to migrate from Phoenix to IRIS is another challenging agreement between the teams as the current architecture is a complex one with various modules connected with Phoenix.

IRIS is the next generation of transaction switch with built in end-to-end integrated delivery channel and will provide UBL with the following benefits:

  1. Dispersed architecture to a consolidated one that is designed to provide a complete framework under one simplified, consistent and easy to use interface.
  2. A consolidated infrastructure and highly configurable card management system will enable UBL to launch their upcoming services in a shorter span of time.
  3. Holistic view of customers data(360 degree view)
  4. A web based interface that can be accessible from anywhere
  5. A robust database
  6. Minimum interoperability costs, increased efficiency and enhanced productivity of all components of the e-Banking infrastructure.

To ensure excellence in its customer service, UBL is committed to continue the expansion of its alternate delivery channels and service offerings. To keep up with its dynamic service offerings, UBL has new requirements each day. UBL wanted an architecture that will simplify the complex network of heterogeneous systems and solutions, by providing a singular interface to the hosts, shielding all the intricacies of the front-end channels and effectively isolating their complexities from back end systems. Hence the plan to migrate is the result of a) UBL’s desire to consolidate its operations on a single platform from its complex desperate platform b) and also its requirements to launch newer services all the time quickly and effectively.

“Following an extensive review of the market, IRIS was the best choice to fulfill its requirement. The proven live site, the flexibility and the robustness of the solution, made IRIS the perfect choice for UBL”, Dr. Khalid Aslam, UBL

“UBL’s experience and successes with TPS goes a long way with several e-Banking initiatives taken up and successfully implemented. Based on the track record, proven successes, time to market the solutions, UBL opted for TPS once again as their technology partner to help them move ahead with their ambitious growth strategy. UBL has aggressive plans to go live with IRIS very soon and we are confident that TPS will work hand in hand with us to meet our stringent deadlines and aggressive growth plans.”


UAE Central Bank selects TPS to deploy National Payment Gateway in UAE
Central Bank of UAE, after thorough evaluation, has selected TPS to deploy National Payment Gateway in the country. The decision was taken after TPS solution fulfilled the stringent criteria set by the regulator. Using the payment gateway, people in UAE will be able to make utility payments instantly from anywhere in the country. E-Commerce will be supported, enabling online payments to merchants using credit cards such as VISA, MasterCard etc.

The plug-and-play modules will be easy to use for the merchants and customers can authenticate their credentials using encrypted and secure channels. Along with Credit Card the payment gateway will also support prepaid and debit cards for transactions. This will enable not only instant payments but also e-commerce growth in the country, allowing for more modern service offerings to the customers. It will also be very convenient for tourists and new users to avail the service for payments and transactions..

TPS gives its clients peace of mind with NCC group’s software escrow services
Today’s competitive banking landscape demands world class services while the ferocious competition stresses the need for service differentiation. Committed to service excellence, banks are now offering a wide array of innovative services that are dependent on a series of complex software applications and advanced systems to deliver real time information to staff and customers and enhance its operational efficiency. These systems and applications are hence mission critical and it is vital that the applications are accessible at all times.

However, Inherent to every technology license agreement is a level of risk. Banks are constantly in the process of preparing, preventing and recovering from incidents that may cause disruptions in their businesses. After all, the disruption of banking services can be catastrophic in terms of the businesses reputation, customer satisfaction, revenue and the brand name as a whole.

TPS holds the trust that is placed by its valued customers at the highest regard and recognizes the responsibility for ensuring a long term performance and availability of products deployed at client sites. Hence to ensure peace of mind and business continuity of mission critical services used by banks, TPS has partnered with NCC Group UK to provide protection solution of its software applications. This step has been taken as a measure to reassure the customers of TPS stability and commitment to best practice.

NCC Group, being the largest software escrow provider, protects client worldwide with the most comprehensive solution designed specifically to assist organization which are increasingly dependent on crucial assets which they do not own or control. Under the escrow agreement, the NCC group securely holds a copy of the source code on the end user’s behalf, which is released to the end user if TPS fails to meet or maintain it contractual obligations or becomes unavailable to support the application, for example through going out of business or being taken over.

Under the agreement, the customers can utilize NCC group’s most comprehensive escrow solutions which, in addition to holding the source code, verify and test the source code for readability and completeness through integrity tests, to ensure that they could be used to achieve a successful rebuild if necessary. Optionally the customers can opt for 'Full Verification' testing process which involves testing consultants carrying out a full build of the application with the co-operation of the software supplier and documenting the process in an audit report.

Several banks are already in the process of evaluating the escrow agreement, whereby Commercial Bank of Kuwait is the first bank to sign the NCC’ escrow services for IRIS with TPS. This agreement serve as an insurance policy to make sure that the bank can have access to the source code upon the occurrence of an agreed upon ‘Release Conditions’,for the purpose of maintenance, update and enhancement of the software.
View our news archive for all the previous news and press releases. The news archive is the complete news repository of all the news items, press releases and articles of TPS.
Bank Nizwa successfully goes live with IRIS Money to launch Digital Wallets (New)
Ocean Financial Middle East selects TPS Payment Platform to drive Prepaid Cards Service in the Middle East. (New)
World's First Islamic Bank Selects IRIS Payment Platform for Digital Transformation (New)
TPS brings home FPCCI Achievement Award 2017 (New)
Askari Bank opts for IRIS Omni Channel Payment Platform by TPS (New)
The Bank of Punjab Signs IRIS - Omni Channel Payment Platform by TPS (New)
Credit Libanais continues to achieve new heights by making its ATMs Smarter using TPS Payment Platform (New)
Case Study: Liberia marches towards interoperable payment ecosystem (New)
Mobilink Microfinance Bank Limited becomes the first microfinance bank in Pakistan to launch HomeSend Remittance Service using TPS Moneta (New)
Mobilink Microfinance Bank Limited offers Internet Banking Solution using TPS' PRISM (New)
Covalent to Setup EMV Compliant Card Management System for Soneri Bank (New)
Askari Bank introduces Cardless Cash Withdrawal using TPS Solutions (New)
Meezan Bank partners with HomeSend to process remittances through TPS?s Moneta (New)
Allied Bank launches PayPak Debit Card using TPS Solution (New)
TPS receives Project Management Award for the 3rd consecutive year at P@SHA ICT Awards 2016 (New)
Askari Bank issues PayPak Card using TPS solution (New)
Soneri Bank successfully upgrades to the latest version of PRISM (New)
IRIS Payment Switch from TPS commissioned at Waseela Microfinance Bank Limited (New)
Central Bank of Liberia marches towards interoperable digital ecosystem with TPS Payment Application Suite (New)
MCB Islamic Bank signs up TPS for its latest Payment Application Suite (New)
TPS Participated in MEFTECH 2016 (New)
Credit Libanais continues to achieve new heights by making its ATMs Smarter using TPS Payment Platform (New)
Case Study: Liberia marches towards interoperable payment ecosystem (New)
Mobilink Microfinance Bank Limited offers Internet Banking Solution using TPS' PRISM (New)
Covalent to Setup EMV Compliant Card Management System for Soneri Bank (New)
Askari Bank introduces Cardless Cash Withdrawal using TPS Solutions (New)
Meezan Bank partners with HomeSend to process remittances through TPS?s Moneta (New)
Allied Bank launches PayPak Debit Card using TPS Solution (New)
TPS receives Project Management Award for the 3rd consecutive year at P@SHA ICT Awards 2016 (New)
Askari Bank issues PayPak Card using TPS solution (New)
Soneri Bank successfully upgrades to the latest version of PRISM (New)
IRIS Payment Switch from TPS commissioned at Waseela Microfinance Bank Limited (New)
Central Bank of Liberia marches towards interoperable digital ecosystem with TPS Payment Application Suite (New)
MCB Islamic Bank signs up TPS for its latest Payment Application Suite (New)
TPS Participated in MEFTECH 2016 (New)