"Alliance bank" (Kazakhstan) accomplished migration of its entire card system onto a new technological platform, built on the TranzWare product platform offered by Compass Plus.
In connection with a swift increase in the card business and a boom in the payment technologies market in 2005 the need for Alliance bank to find a new processing solution capable of satisfying the ever growing demands of its clients, and to also ensure that the bank achieve effective operation and control of the solution became evident.
In the same year (2005) bank management chose the solution to replace their existing processing system. As part of the modifications, the bank chose Compass Plus and their TranzWare products.
In 2006 the introduction of the new software began as well as work on the migration of the existing card payment system to the new platform. Throughout the course of project realization the bank introduced such program products as TranzWare CMS, TranzWare Online, TranzWare POI, TranzWare Interchange, TranzWare Analyzer, and TranzWare Messaging Gate. Thanks to these products the bank enlarged its spectrum of proposed services and in so doing, ensured a high level of system productivity and protection from fraudulent operations.
As a result of the joint efforts of bank colleagues and Compass Plus, certifications in the Visa and MasterCard payment systems were carried out, a new back-office introduced and the bank’s spectrum of retail banking products was substantially extended. Many additional services such as Internet Banking, notification by SMS, payment of public services or taxes through ATMs became accessible to customers of Alliance Bank. The successful collaboration between the bank and Compass Plus meant that Alliance Bank could now stand ahead of the leaders in its field according to statistics on customers and shareholders.
The director of Alliance Bank’s Processing centre department Vladimir Orlenko made the following comment: "Thanks to TranzWare CMS and the respective customization of solutions we could painlessly migrate the old processing system to the new one. At the same time, thanks to the routing solution, realized in TranzWare Online, the process of migration was smooth and convenient for us. I would like to stress the high quality of consulting services demonstrated on behalf of Compass Plus specialists."
Alliance bank is one of the largest commercial banks in the Republic of Kazakhstan based on asset size and shareholders’ equity. The Bank has Principal Member status in both MasterCard and Visa International and occupies one of the leading positions in the consumer crediting market. The bank’s regional network consists of 25 offices and 218 branches across the Republic of Kazakhstan. In September 2007 global financial magazine The Banker, included Alliance Bank in its list of top 200 banks of Asia. Today, the bank has issued over 470,000 cards from the VISA payment system and more than 21,000 cards from the MasterCard payment system. www.alb.kz
June 9th, 2008
Atlasmont Banka (Montenegro) is launching its project on the issuance of EMV- cards based on Compass Plus’s solution TranzWare Card Factory. TranzWare Card Factory is a contemporary solution for card personalisation and issuance. Using the TranzWare Card Factory solution makes it possible to considerably decrease costs connected with fraudulent activity, increasing the level of security during card transactions.
The EMV- project will also allow Atlasmont Banka to use different chip card applications in the future, such as loyalty programs for various spheres. Currently, work into the launch of this project has been initiated.
Atlasmont Banka is launching the project in collaboration with both Compass Plus and Zeta Systems, who will both help to perform the installation and customization of the products and solutions and will conduct the necessary consultations throughout certification.
In the near future preparations for certification of the EMV project under the MasterCard label will begin.
Atlasmont Banka is a successful, rapidly developing bank of Montenegro. It is the first and only financial institute in the country, issuing both Visa and MasterCard credit cards. To date, the bank has issued over 23000 cards. Atlasmont Banka is an associate member of the Visa payment system and an affiliate member of the MasterCard payment system.
www.atlasmontbanka.com
Zeta Systems provides the delivery and servicing of automatic teller machines, POS- terminals, kiosks and other bank equipment for financial institutions in Montenegro. www.zeta.co.yu
April 23rd, 2008
Electronic Payment Systems POS software successfully obtained certification for compatibility with TranzWare Online. The SPAN-C version 1.0x software for Nurit 8xxx POS terminals developed by ‘Electronic Payment Systems’ has demonstrated full compliance with the TranzWare Online system version 4.2.8.1 and TranzWare POS Terminal Protocol version 4.29.
Electronic Payment Systems – a supplier of Verifone Holding terminals and a developer of software for an entire spectrum of terminals and NURIT pin pads, Secura integrated host solutions – was certified to fulfil the following operations with EMV and magnetic stripe cards – cash withdrawals, returns, balance enquiries, statements, PIN changes, free payments, transfers, account payments and P2P.
At the end of certification, on 27 March, 2008, the general director of Electronic Payment Systems Dmitriy Ovsyannikov noted: "We are very happy with the testing carried out. The level of specialist scope is very high, and all our operational demands of the testing were answered. The information was complete and done on time allowing us, in several cases, to fix software operationally during testing.
The following features in our future plans is development of terminal software functionality."
According to the results of certification, Electronic Payment Systems can be recommended as an experienced and highly skilled vendor. http://www.epsltd.ru/
April 21st, 2008
In the beginning of April 2008 JOINT STOCK COMPANY AF Bank and Compass Plus signed agreements concerning the creation of the bank’s own in-house processing centre and personalization centre based on the TranzWare product family. Plans within the framework of this project include: introduction of the back-office system TranzWare CMS (with the possibility of adding retail banking products), the front-office system TranzWare Online and the personalization system TranzWare Card Factory.
At present, bank personnel are learning how to operate the products of the TranzWare family in Compass Plus’ training centre ‘TranzWare Academy’. The installation and integration of the program will begin on site at the bank after training has been completed.
AF Bank is a universal bank in the Bashkortostan republic with foreign capital investment. AF Bank is the result of joint activity between two important financial institutions, Astana-finans (Kazakhstan) and Alpha Bank (Bashkortostan). The bank has Associate Member status under the VISA payment system and is sponsored by West Siberian Commercial Bank. www.afbank.ru
April 15th, 2008
On 27 March 2008 Compass Plus successfully completed the certification of Virtu POS software 2.X.X.X for SFOUR POS terminals, developed by SFOUR with compatibility to the TranzWare POS Terminal Protocol (version 4.29) realized in the TranzWare Online (version 4.2.8.1.) system.
SFOUR – a developer of self-service solutions in different branches - was certified to fulfil the following operations with EMV and magnetic stripe cards: cash withdrawals, cash returns, balance statements, account statements, PIN changes, transfers, account payments, P2P.
Thanks to the results of the certification SFOUR can now be recommended as an experienced and highly skilled vendor. http://www.sfour.ru/
