TCS recognized as global leader in Card Management and Transaction Processing by Celent

Eight professional services firms, eight issuer processors and eleven packaged software vendors were reviewed by Celent, highlighting differences amongst the companies across multiple dimensions such as total revenue in dollars, importance of the Financial Services segment, Cards-related employees, number of Cards clients, particular geographic strength and services focus.

The vendors were divided into three categories based on their market presence. TCS was recognized as a Global Leader for its partnerships with clients across areas of the value chain, key imperatives, card products and functions.

“Companies included in our latest research offer a diverse range of card management and transaction processing solutions and services” said Zilvinas Bareisis, Celent Senior Analyst and the author of the reports. “TCS has a large and strong Cards and Payments Practice serving many clients around the world, which is why we recognized it as a Global Leader in professional services.”

“TCS is proud to be recognized as a Global Leader in card management and transaction processing by Celent,” said K Krithivasan, President of Banking and Financial Services for TCS. “This recognition shows TCS’ investment and commitments to upgrading client cards management and transaction processing (CMTP) technologies and capabilities. TCS is delighted with its industry leadership in this space.”

In 2014, Celent kicked off a research effort to understand the landscape of vendors and service providers in card management and transaction processing, with a goal of developing an overview of each vendor’s capabilities, focus areas, market presence and looking at the vendors’ perspectives on industry trends.