WAKEFIELD, Mass.--(BUSINESS WIRE)--Primax, a premier provider of debit and credit card issuing and merchant acquiring programs, products and services, today announced that its two entrants in the Visa Global Challenge have finished in the top 25% from among 144 participating teams world-wide. The Visa Global Challenge, a team-based, online payment simulation that tracks each competing team's portfolio performance over a five-year period in a fictitious marketplace, provided Primax participants real-world experience in a learning environment.
“Primax is proud of the extra time and effort our teams put forth to compete and finish with such a high ranking in the Visa Global Challenge," stated Ted Keith, President and CEO of Primax. "Our teams placed an impressive 25th and 32nd among 144 global entrants. The Challenge provided an opportunity for our people to learn and practice payment portfolio management skills and strategies that will help us better assist clients to manage their portfolios."
Primax's Visa Global Challenge teams demonstrated, through their high ranking, mastery of the components involved in growing and managing a profitable card portfolio. Primax participants were able to test, in a risk-free environment, their understanding of the issues and interdependencies at work, and the strategies needed to interpret and respond to dynamic market conditions involved in payment card portfolio management.
Headquartered in Wakefield, Massachusetts, and founded in 1981, Primax partners with financial institutions and businesses throughout the United States to implement exceptional, customizable credit, debit and private label card programs with a high degree of control, and supports these programs and merchant acquirers with back office functions, outstanding customer care and the on-going support needed for success. For more information visit primax.us.