On 19th March 2008 JSB "Clearing House" launched its own in-house processing centre built on Compass Plus’ TranzWare Online, TranzWare POI FIMI, TranzWare Interchange. Previously, the bank had already launched its own personalization centre based on the Compass Plus product TranzWare Card Factory where the first cards have already been issued.

The head of the bank’s processing centre Vitalii Bilan noted: "Migration to our own processing centre was the logical result of many years of collaboration and vast work, accomplished by both specialists of the bank and Compass Plus. The solution to create our own processing centre was accepted by the bank a year ago after the refusal of PrivatBank to continue with the sponsor programme. Contracts to deliver and implement TranzWare software were signed at the end of October 2007 and by mid December the specialists of the company had established all their program products.

Practically within a month, the bank together with Compass Plus developed and tested a technological scheme of phased migration on their own processing centre and in the beginning of February we were to begin migration, but timescales were shifted due to formalities in the migration process. Now I can say with complete confidence that we were not mistaken in using Compass Plus to realise our project. TranzWare Online, the front-office system completely realised our expectations of being a flexible and universal tool, capable of satisfying all our needs, first and foremost, to accomplish migration step by step without allowing inconveniences in servicing both the payment cards of our own and others clients ".

JSB "Clearing House" became the 4th client of Compass Plus in the Ukraine with its own processing centre built on the TranzWare product family.

JSB “Clearing House” is a dynamically developing, universal Ukrainian bank, which is an associated member of the VISA international payment system. JSB "Clearing House" has already issued over 20 thousand cards and has a terminal network of more than 30 ATMs and also has an actively developed network of POS- terminals.
www.clhs.kiev.ua

On 27th February 2008, Commercial Bank «Transportny» launched an in-house processing centre based on Compass Plus’s TranzWare Online solution. The entire project was realised within 7 months.

Director of the bank’s IT department, Aleksander Kan said the following about the collaboration, “Together with Compass Plus and in many respects because of the highly skilled and well-organised Compass Plus team we were able to implement the TranzWare solution to the bank, certify the processing centre in MPS VISA and begin serving our customers within a mere six months. Thanks to the project our clients are now able to use more extensive bank services and thus obtain a better overall service. We now also have the capability to constantly add to our services making our bank a competitive financial institution in the retail market.”

The creation of an in-house processing centre was the result of a joint development project with Roland Berger Strategy Consultants realised as a part of the bank’s development strategy directed at the development of retail business and the remote banking system. President of the bank, Aleksander Arifov commented on Compass Plus solutions as follows: "The decision to use Compass Plus solutions was the best decision for the bank and allowed us to:

• implement the business processes described in the development strategy based on Western standards, with simultaneous adherence to Russian conditions;
• ensure flexibility of the solutions in a number of ways (frontal processing solution, the Back-office solution for an entire spectrum of the bank’s retail products, Internet- bank etc.);
• adhere to deadlines set out by the strategy;
• optimize the expenditures of the bank by saving on integrated solutions.

Already today the processing centre performs a complete cycle of operations in both issuing and servicing plastic cards. Furthermore, the bank will soon give a wide spectrum of additional services to all cardholders, such as: managing accounts, making payments through the internet, call centre or mobile phones.”

Further developments as to the functional possibilities of the processing centre will include the realization and support of loyalty programmes. Therefore, the card products of the bank will become even more convenient and more diverse, and the services - even more attractive for clients.

Commercial Bank «Transportny» considers itself a stably growing bank of Russia, with a high degree of financial stability. The bank is a member of the Visa international payment system. At the present moment the bank provides an entire spectrum of services to a wide circle of clients.
www.transbank.ru

Compass Plus at Cards Asia 2008

9-11 April 2008, SUNTEC Singapore International Convention and Exhibition Centre

Compass Plus will be exhibiting its innovative TranzWare solutions as well as hosting the networking lunch at the 13th Annual Cards Asia 2008 - Asia's most prominent International showcase of the latest smart card technologies and applications.

Cards Asia is the roadmap for international players seeking to access the untapped opportunities that Asia has to offer, gathering key figures in the card and payments industries. The Networking luncheon will be an ideal opportunity to informally exchange views, ideas and aspirations with like-minded key players in the card and payments industries. It will take place at 13.00pm on Wednesday 9th April and is sure to set the scene for following days of Asia’s leading payment card industry exhibition.

The Compass Plus team is pleased to participate in Cards Asia 2008 and warmly welcomes delegates and guests to the Networking Luncheon.

Please visit us at booth 4J12, Hall 602 in the Payments Village to discuss the advantages of our complete suite of cutting-edge TranzWare solutions.
Additional details on the exhibition can be found at www.terrapinn.com/2008/cardsasia

Ukrainian bank CLEARING HOUSE has commenced issuance of magnetic stripe and EMV cards in the VISA international payment system through its own in-house personalization centre, built on Compass Plus’ TranzWare Card Factory product base.

Manager of the bank’s processing centre, Vitaly Belan made the following comments: "The collaboration between JSB CLEARING HOUSE and Compass Plus has been established for over four years. During this time, Compass Plus has proved to be a reliable and competent partner offering superior and competitive solutions for the growing needs of the bank. On these grounds, Compass Plus’ victory in the tender to deliver a solution for the creation of an in-house processing centre and personalisation centre was no shock. Compass Plus added the TranzWare Card Factory solution to support the new SafeNet HSM ProtectServer Gold model as well as Datacard’s new SE48 embosser. Thanks to these additions, the bank could personalise their own payment cards (both magnetic stripe and EMV) thus declining the services of another personalisation centre. "

TranzWare Card Factory governs the entire process of personalizing both magnetic stripe and EMV cards, ensures the preparation of personalised data, the maintenance of personalisation equipment and the plotting of graphic information on cards. Soon JSB CLEARING HOUSE plans to launch its own in-house processing centre with the support of Compass Plus based on the TranzWare Online product base.

JSB "CLEARING HOUSE" is a dynamically developing, universal Ukrainian bank. The bank is an associated member of the VISA payment system and has issued over 20,000 cards
www.clhs.kiev.ua

Compass Plus out rivaled competition from eight other companies winning the tender to create a processing system for Kapital Bank.

According to the Chairman of the Board, Rauf Rzаev, the system will initially serve internal operations of the bank, however in the future it will be possible to connect to other banks. After the creation of its own in-house processing system, Kapital Bank will no longer use the services of Azerbaijani processing companies.

“Our in-house system will power 2.5 million cards, 550 ATMs, 5000 POS-terminals and 200 Information kiosks and will be two times stronger than current processing centres in Azerbaijan in terms of functionality.” Quoted Rauf Rzaev at his own press conference on 23 February 2008.

Currently, decisions over system configuration and equipment required are being reached after which installation will begin as well as the testing process which will be achieved through VISA International. The commercial launch of processing system is planned for June 2008.

Joint Stock Company ‘Kapital Bank’ has an extensive and rich history in Azerbaijan and is also the Republic’s largest bank in terms of branch network. At present the bank has 88 branches. The bank is a principal member of the MasterCard Europe and VISA International payment systems.
www.kapitalbank.az

Sobinbank, a Client of Compass Plus, has launched a new Internet Banking Service: SobinDirect

The SobinDirect Internet banking system allows Sobinbank customers to carry out a wide spectrum of operations through any computer with web-access, providing users with access to information about the state of their accounts, deposits and loans (including detailed statements). Card transactions can be monitored in real-time and payments to various services such as mobile network operators, Internet Service Providers, and utility companies are also facilitated.

The customer can activate the SobinDirect service practically in self-service regime. Bank personnel simply issue customers with an envelope containing registration information. With this information as well as a Sobinbank card the bank customer registers in the system through an ATM. After initial registration the customer activates the service within the bank. This way the bank ensures a high level of personal data protection, and can also optimally distribute workload on Bank personnel.

SobinDirect also allows linking additional cards to the service, establishing personal card limits and customers to correspond freely with the bank. The system’s security is guaranteed through a range of complex measures, amongst which are the following; introduction of an SMS code for card account transaction authorization, periodic password modification and a virtual keyboard on screen.

Sobinbank’s First Deputy Chairman of the Board Igor Duda said about the new system: “Remote banking is no longer a costly, image-making tool. Today it is a real working tool which enables to significantly reduce costs of retail banking transactions. Taking into account considerable volumes of operations in this business segment, it is no surprise that this innovation is of great interest to us.”

The SobinDirect Internet banking system, created on the TranzWare eBank product base and integrated with other Compass Plus solutions, was harmoniously incorporated into the bank’s remote banking infrastructure. Sobinbank continues to develop its contemporary banking services with the use of Compass Plus solutions making it possible to stay ahead of the competition in the retail services market.

TranzWare eBank and other Compass Plus solutions are also being used in the Fin-Online system of Finservice bank. This unique credit organization created by Sobinbank and one of the largest Russian retail outlet networks – ‘The Seventh Continent’, works on an in-store basis. The system’s statistics are testimony to the vast possibilities and ease of use of the Internet bank. From the moment of launch, over the course of four months more than 10 thousand users were registered in FIN-Online.

Sobinbank is a high tech commercial bank and features in the top thirty largest banks in Russia. The bank presents one of the widest collections of international card payment products in Russia and is rated as one of the 1000 largest banks of the world in The Banker (FT edition). Sobinbank is a fully-fledged member of the VISA International and MasterCard WorldWide payment systems and is a partner of Diners Club International.
www.sobinbank.ru

Finservice Bank is a joint venture between Russian supermarket chain ‘The Seventh Continent’ and Sobinbank. Over 150 Finservice self-service ATMs work in twenty-four hour regime, thanks to which bank customers can pay off loans, withdraw cash, pay mobile service providers, Internet providers or even conduct currency exchanges.
www.finsb.ru

Bank KOLTSO URALA ‘went-live’ with Compass Plus’ comprehensive bank card fraud monitoring and prevention solution TranzWare Fraud Analyzer with a view to address the globally prevalent issue of reducing fraudulent bank card operations.

Olga Sharafeeva, Head of Card Project Development Department at Bank KOLTSO URALA said: «In choosing TranzWare Fraud Analyzer as fraud prevention software the Bank considered the following:

And last but not least the goodwill and well established business relationship between Bank KOLTSO URALA and Compass Plus played an important role in the Bank’s choice of software." 

Bank KOLTSO URALA became the 17th user of TranzWare Fraud Analyzer. Thanks to these credentials the system was installed within the shortest period of time – just two weeks.

TranzWare Fraud Analyzer is a robust analytical system enabling quasi-online transaction and action monitoring with the aim of fraud prevention and risk management. The system is business rule based and can effectively monitor extra-large flows of data and can also be used to detect other fraudulent actions, such as money laundering.

Bank KOLTSO URALA continues to thrive in its field with Compass Plus solutions. As the Bank already features a broad spectrum of the TranzWare product family, including TranzWare CMS, TranzWare Online, TranzWare e-Bank and TranzWare Card Factory, the new addition marks the second year of this successful alliance.

Compass Plus awarded compliance certificate to Nautilus Hyosung Inc’s ATM software.

Compass Plus awarded compliance certificate to Nautilus Hyosung Inc.’s ATM software. The ATM protocol NTNTerm version 04.01.04 developed by Nautilus Hyosung Inc. has demonstrated full compliance with the TranzWare Online system version 4.2.6.5 under DDC Protocol version 2.0

Nautilus Hyosung Inc., a provider of complete solutions in hardware, software and electronic banking services to the financial services and an ATM supplier for Alliance Bank (a Compass Plus client), was successfully certified for magnetic stripe cards and EMV cards to perform the following operations: ATM withdrawal, ATM reversal, balance inquiry, mini-statement, PIN change, payment for vendors, free payment, transfer, P2P.

As a result of the certification Nautilus Hyosung Inc., can now be recommended as a skilled and highly qualified Vendor.

Certification was carried out in record time (one week), partly due to the high qualification of specialists at Nautilus Hyosung Inc. and was conducted in Nautilus Hyosung Inc.’s Kazakhstan branch with the help of General Manager of Nautilus Hyosung Inc., Jum Namkung who made the following comments about the collaboration: “Compass Plus has supported all technical and administrative needs outstandingly and responded with great efficiency and effectively to all requests through its high level, expert personnel.”

Compass Plus helps People’s Bank of Georgia introduce state-of-the-art banking technologies.

The People’s Bank of Georgia is one of the first Banks to launch P2P card transfers in the Transcaucasia region. This technology makes it possible to carry out money transfers from one VISA card to another conveniently and securely whilst avoiding a trip to the bank. The new service will be operative twenty-four hours a day in all People’s Bank of Georgia ATMs (over 120). The functional possibilities of the Bank’s processing centre, built on TranzWare products, lay at the root of the new service.

General Director of People’s Bank, Georgiy Goguadze made the following comments about the new service: "The introduction of innovative solutions is not an achievement for the Bank alone; it serves to promote the profile of the country as a whole. Technological advancement in any company is represented as a positive development trend for any country. In terms of the new product, clients of People’s Bank can transfer money whenever they want, even on a Sunday and outside of working hours. Many months of work went into the launch of the new product which made P2P card transfers accessible to the Georgian consumer. This is a service that already enjoys popularity amongst European countries and I think that it will be useful since it can be used in any force-majeure situation".

In response Andrew Chirkov, Commercial Director of Compass Plus, made these comments on the collaboration: “People’s Bank of Georgia is a forerunner in the Georgian plastic cards industry. As a Bank it continues to actively enlarge its plastic card issuance and support network and simultaneously realizes promising and innovative projects. We are proud of the fact that our solutions give limitless possibilities and contribute to the growth of the bank".