With the technical support from Compass Plus the Moscow Industrial Bank’s (Russia) own in-house processing centre has been certified for American Express transaction processing and is now fully compliant with American Express authorisation and submission requirements. Based on the certification results the Bank has the right to accept payment cards under the brand of American Express within its acquiring network. During the next year Moscow Industrial Bank is planning to enable the acceptance of Amex cards at 600 retailers.
In addition, the switching its processing centre to running on TranzWare software products facilitated a significant broadening of the financial services offered to payment card holders. Amongst the new and improved banking services offered are the acceptance of payments for public utilities and Internet service provision via ATMs and Internet banking, extension of the mobile service operator, ISP and cable TV provider databases, implementation of Internet banking service and issuing of “instant” cards. Also in October 2006 Moscow Industrial Bank launched a new fraud detection and prevention system built on TranzWare Fraud Analyzer which allowed the Bank’s security department to significantly advance the protection of the Bank and its customers against fraudulent endeavours.
Moscow Industrial Bank offers a diverse range of financial services to organisations in all key industries, to local government authorities and the general public. The Bank takes its place amongst the top 50 largest banks in Russia and has a network of over 130 branches in 15 regions of the Russian Federation. Moscow Industrial Bank has Principal Member status in Visa International and MasterCard and has issued over 200,000 payment cards.
November 20th, 2006
The in-house processing centre at Techcombank (Vietnam) was successfully certified in ATM and POS retail acquiring and magnetic card issuing programmes at Visa International. The processing centre is built on TranzWare CMS, TranzWare Online and TranzWare Card Factory – products developed and distributed by Compass Plus. The launch of its own in-house processing centre will enable the Bank to significantly advance the level of customer service and will provide independence in Visa card processing from its former bank-sponsor. As part of the project TranzWare Online was integrated with Globus T24 system supplied by Temenos. As a result Techcombank is now capable of performing online authorisation based on customer bank accounts and also can provide its customers with an opportunity to make payments into any bank account by identifying the recipient’s requisites.
Techcombank and Compass Plus are planning to further strengthen their relationship and undertake a number of joint projects, including EMV migration. The implementation of the planned projects will allow the Bank to reinforce its position in the Vietnamese payment card market and to build a unique fraud protection system based on TranzWare Fraud Analyzer.
Techcombank is the third largest joint-stock commercial bank in Vietnam and has a network of over 50 branches across 12 provinces and cities in Vietnam. The Bank has Principal Member status in Visa International, over 100,000 cards issued under the brand of Visa and boasts networks of over 2,000 POS terminals and 140 ATMs.
The first stage of this project initiated in April 2006 involved the adaptation of TranzWare CMS – the back office system to fully suit MBTS-Bank business and accounting requirements and also included the development of exchange module with the processing centre of Slaviansky Bank, which performed MBTS-Bank card authorisations. This allowed migration of cards and card accounts into the new back office system that continued to interface with the Slaviansky Bank processing centre. In parallel to this stage TranzWare products were certified in Diners Club payment system for issuing and acquiring payment cards under the brand of “Diners Club International”. On the 1st of November 2006 VISA payment system has switched the routing of transactions made with MBTS-Bank cards to Credit Ural Bank (Russia, Magnitogorsk), who became new bank-sponsor for MBTS-Bank in Visa International (processing services for Credit Ural Bank are performed by Compass Plus Processing Centre that has TPP status in Visa). Compass Plus, as a processing centre, also services transactions made with American Express cards in the MBTS-Bank acquiring network.
Currently, MBTS-Bank have Affiliate Member status in MasterCard and Associate Member status in VISA International and are soon planning to raise the status to Principal Member in MasterCard as well as offer the services of its processing centre to other banks.
November 1st, 2006
The successful certification of Compass Plus Processing Centre in the American Express international norms and standards of authorisation messages guarantees compatibility of the processing formats between the terminals connected to the Processing Centre and the American Express systems. The completion of this stage of the cooperation between the companies indicates that the Processing Centre has completed the transition to the new technological solution for working with American Express. This solution constitutes online and offline (clearing) interaction with the payment system within the framework of American Express card acquiring at the Processing Centre terminals.
Financial Institutions can not only use the Processing Centre services for American Express card acquiring in compliance with the new message authorisation format but will also receive an opportunity to obtain a complete technological solution based on TranzWare products that will enable Amex card acquiring in-house.
The certification represents a key stage in the partnership development between Compass Plus and American Express and once more acknowledges the compliance of Compass Plus products and solutions with international standards.
October 20th, 2006
Compass Plus and DEI Private Limited have signed an agreement for the supply of TranzWare Card Factory to enable EMV data preparation and personalisation of payment cards under the brand of Visa and MasterCard. TranzWare Card Factory is a fully EMV-compliant card personalisation and issuing product designed to decrease costs and simplify the adoption of the EMV standard. The signing of the agreement with DEI Private Limited ensured another important milestone for Compass Plus as DEI became the first customer in India.
With the launch of an EMV-enabled card personalisation system, the Company is planning to strengthen its personalisation capabilities and double the number of personalized cards to up to 18 million a year.
DEI have been in the Plastic Cards business for over 15 years and import cards from its partners across the Globe to meet the Indian banking market requirements. The Company has also set up India's first certified Third Party Personalization Bureau. Currently DEI have over 45 banks from across the country and also a few international companies as its customers and is one of the largest Third Party Bureaus in India.
October 5th, 2006
Hipoteku banka (Riga, Latvia) in collaboration with Compass Plus is securing Internet transactions.
MasterCard has reviewed and approved the SecureCode ACS Functional Test Results submitted by Hipoteku banka in collaboration with Compass Plus. TranzWare e-Commerce ACS module enables the processing of transactions with due regard for 3-D Secure identification and uses other security means in the process of authorisation of electronic transactions. This application will help the Bank to enhance the security of Internet-based transactions performed with payment cards issued by Hipoteku banka.
Hipoteku Banka have been a customer of Compass Plus for over two years and it currently runs its card business on several products from Compass Plus, including TranzWare CMS, TranzWare Online, TranzWare Point of Interaction, TranzWare e-Commerce and TranzWare Card Factory.
The three main operational directives of Hipoteku banka are lending to small and medium-sized enterprises, initiating legislation and issuing mortgage bonds and providing retail banking services on a commercial basis to customers all over Latvia.
October 3rd, 2006
Commercial Bank Koltso Urala (Russia) has successfully completed the certification of its in-house processing centre built on TranzWare products from Compass Plus. The processing centre is certified with VISA International and MasterCard International payment systems and already enables the entire cycle of bank card issuing and processing. In the near future the Bank plans to offer its customers a wide range of additional services such as Internet Banking, SMS-based information service, payments through ATM network, etc.
Currently, over 40 large industrial organisations in several regions of Russia work with the Bank to organise and manage their salary projects. Koltso Urala is a member of VISA and MasterCard payment systems and has issued over 55000 bank cards and installed in excess of 55 ATMs.
