Moscow Industrial Bank (Russia) working on TranzWare solutions from Compass Plus commenced issuing and accepting EMV cards under the brand of MasterCard (M/Chip4) in their payment network. The certification in issuing, ATM and POS acquiring programmes for cards of the M/Chip4 standard was successfully completed with the support from Compass Plus. Issuing EMV cards will allow Moscow Industrial Bank to offer their customers much more secure service when they are using Internet bank. The technology based on Card Authentication Program (CAP) provides Moscow Industrial Bank chip card holders an opportunity to get securely identified in the Internet bank and ‘sign’ every operation they perform using a special cryptographic device. This technology makes unsanctioned access to cardholders’ accounts virtually impossible – the would be fraudster would have to get hold of not just Internet bank login details but also EMV card and the PIN code that is used to generate one-time passwords for the performance of every financial transaction.
The Moscow Industrial Bank’s processing centre has been running on TranzWare products from Compass Plus for over two years. The Director of Retail Products Department, Aleksey Matreshin has highly regarded the partnership between the Bank and Compass Plus: “Modernisation of our Bank’s processing centre by means of installing and using TranzWare products allowed us to reach the new technological level and provide the Bank’s cardholders with the most up-to-date and high-tech products. As far as our near future plans concerned, we plan to realise a large project encompassing integration of payment means and access tools to all kind of services offered to personal banking customers in one card. This will allow the customers to actively manage their funds and use the available banking services”.
Currently, Moscow Industrial Bank has over 270 thousand active cards in circulation, POS terminal network of 1,500 and the network of ATM and kiosks in excess of 470 units.
November 29th, 2007
Quipu GmbH (Frankfurt, Germany) - TPP and MSP, working on TranzWare products from Compass Plus, achieved an overall compliance to the mandatory PCI Data Security Standard. The audit was performed by Excelsis.
The Payment Card Industry Data Security Standard (PCI DSS) is the result of collaboration between Visa and MasterCard payment systems but also has the support of other payment networks such as American Express, Diners Club and card companies and demonstrates rigorous efforts of the payment industry to tackle the ever so important security issues.
Compliance with the PCI DSS v1.1 certifies that Quipu, including the payment software – TranzWare CMS (card management system), TranzWare Online (processing system), TranzWare Card Factory (card personalization system) and TranzWare Fraud Analyzer (fraud prevention and detection system) that it utilises, proactively protects themselves, its customers and the overall payment system against the threat of security compromises, such as fraud and identity theft.
The PCI Data Security Standard Certificate of Validation was issued by Excelsis – an independent Visa Qualified Security Assessor and MasterCard Certified Scan Vendor.
Quipu GmbH has been running its processing centre on TranzWare applications from Compass Plus since 2004 and offers processing services to over 20 banks within the ProCredit group around the world.
Quipu GmbH – is a dynamic, innovative service provider with a commitment to supporting business partners in every aspect of their card-based operations. The company supports a wide range of EFT operations, carries out instantaneous authorisation on all types of card, performs clearing and settlement, dispute management, ATM driving and ATM monitoring, POS acquirer processing and monitoring, card management and personalisation and many more EFT processing functions. Quipu GmbH processing centre has statuses of TPP and MSP in Visa and MasterCard payment systems.
October 20th, 2007
Compass Plus brings its new ATM monitoring module to effect in TranzWare Online.
This module is an alternative to the standard ATM monitoring functionality within TranzWare Online and is intended for banks that require more advanced tools to manage their large dispersed ATM networks. Banks that choose the new ATM monitoring module can ascertain control over terminal networks on a far superior level.
The innovative tools within the system ensure banks maintain a competitive advantage thanks to the parameterised control mechanisms for ATM network states and maintenance expenditure optimisation.
The new ATM monitoring module benefits from the following improved functionalities:
• Flexible system administration capabilities
• Powerful tools of analysis regarding state, monitoring and control of ATM network
• Convenient and informative user interface
• Convenient navigation system – visual representation of the network with customisable features for various ATM groups
The proposed functionalities ensure those who work with terminal networks gain a higher level of scalability and flexibility of the system.
The new tool, with its logical interface, makes it possible to effectively conduct both operational monitoring and detailed analysis of the entire network, group of terminals or individual ATMs through separate criteria obtained at the disposal of system users.
The new ATM monitoring module has undergone comprehensive testing and has been successfully implemented at Compass Plus’ Processing Centre. Several Compass Plus clients have already shown an interest in the module.
October 9th, 2007
Compass Plus assisted in commercially launching processing centre and plastic card personalisation centre at Bank Center-invest (Russia) that is built on the TranzWare software products. The Bank has associated/affiliated member status in VISA and MasterCard and the processing centre is certified in both payment systems. As a part of the sponsor-bank processing system project the entire active card authorisation base of the Bank was transferred to the TranzWare systems in the Bank’s own processing centre.
Bank Center-invest is the largest bank in the South region of Russia and according to the RBC.ru on the 1st of January 2007 took the 1st position by the net wealth, equity capital and profit.
The Bank Center-invest’s mission is to offer the widest range of services to individuals and corporate clients of the South of Russia in accordance with the international standards for modern banking technologies.
In 2007 the Bank adopted the «South of Russia+» strategy involving the development of such fields as branch network, products (retail, small businesses, agricultural business, etc), services (plastic cards, including credit cards, ATMs, settlements and payments, direct marketing), operations (standardisation, IT, risk management, HR, etc). The development of the Bank’s own processing centre is very important stage in implementation of this strategy.
October 3rd, 2007
Alliance Bank (Kazakhstan) completed certification process in the MasterCard International payment system with the support of Compass Plus. At present, Alliance Bank, one of the top three largest banks of Kazakhstan, has Principle Member status in both MasterCard and VISA and can allow its clients to use cards from both popular payment systems as well as accept them in its retail network.
Card business development is one of the key development directions for Alliance Bank. As a result of this strategy in July 2007 the Bank began to issue revolving credit cards to all clients who successfully repaid all of their express-credits. Two months after the implementation of the Revolving Credit Card module (within TranzWare CMS) Alliance Bank issued more than 30,000 credit cards.
The Director of Alliance Bank’s payment technologies department, Irina Abdieva highly rated Compass Plus work on the implementation of the project:
“The Compass Plus specialist team exuded professionalism and efficiency. In less than three months the Revolving Credit Card module was modified in accordance with our business needs and with the requirements of the Republic of Kazakhstan’s accounting system as well as it was launched commercially. We believe that with the technological support of Compass Plus we will not only meet the constantly changing requirements of the retail market, but also take the lead over the competition by launching new products and services.”
In August, Alliance Bank saw the commercial launch of the Internet banking solution built on TranzWare eBank. Today, the owners of Alliance Bank cards have countless possibilities that include not only obtaining information, but also managing their bank accounts and cards and performing banking operations remotely.
Alliance Bank has Principal Member status in both MasterCard and VISA International. Based on the asset size and shareholders’ equity, Alliance Bank is the third largest commercial bank in the Republic of Kazakhstan. It has 218 branches across the Republic of Kazakhstan and holds the leading positions in the consumer crediting market.
October 1st, 2007
Compass Plus and CyberPlat (Russia), an integrated multi-bank online payment system have collaborated to design an interface between CyberPlat’s payment system and TranzWare Online, Compass Plus’ highly efficient, fault-tolerant engine for switching, parametric routing and authorisation of electronic payment transactions.
This development will allow bank customers to make payments for the services of mobile and landline telephone operators, IP-telephony, cable and satellite television, Internet providers and also for public utility services at ATMs or kiosks. Currently, Compass Plus and CyberPlat are nearing the launch of the system at Uralprivatbank (Yekaterinburg, Russia)
CyberPlat integrates payment channels with large service providers such as the leading mobile and landline telephone operators, satellite and cable television providers, housing and utilities complex organisations, power supply companies and others. Thus, the CyberPlat payment system expands beyond the mobile and internet payments sector and proves efficient for an entire spectrum of services.
Compass Plus has had previous successes in developing interfaces to various systems; TranzWare Online has over 40 interfaces to a variety of payment and other systems widely used in the retail banking industry worldwide. The Compass Plus ethos is to help drive success in the marketplace. As a company we are confident that providing adaptability to the CyberPlat payment system is sure to reap mutually beneficial rewards.
