Home News & events Press Releases 2009 Ural Interregional Bank completes certification in the international payment system Visa


uinterregionalbOn 27th April 2009, Ural Interregional Bank, Yekaterinburg, received official confirmation that it had completed its certification in the international payment system Visa. Certification has enabled the bank to commence issuing its own international cards using Compass Plus’ processing centre with sponsorship from Credit Ural Bank. Ural Interregional Bank was established in 1991 on the basis of Promstroibank USSR (originally Kachkanarbank). Since 2002, the bank has focused on an individual approach to customers, paying particular interest to the VIP segment. In 2008 the bank faced the task of looking to offer card products to its customers. Having analyzed the available offers in the market, Ural Interregional Bank chose Compass Plus to provide full-scale processing services and software solution products for card management automation (TranzWare Card Management System back office).

Pavel Erypalov, Head of Banking Technology Department of Ural Interregional Bank said: "The card business development strategy and the features of the bank’s customer base require the stable operation of the entire technological infrastructure. Taking this fact into consideration, Compass Plus was chosen as a software vendor and strategic partner in issuing and acquiring cards from international payment system Visa. TranzWare CMS back office system, developed by Compass Plus, has successfully proved itself in the market as a flexible and reliable solution that has fully complied with our requirements. The system met our expectations during the implementation and production phases in full. Compass Plus has proved itself as a customer-oriented Company."

Once again Compass Plus has shown that a card project can be launched within a short time-frame, as it took less than 5 months from signing the contracts to project implementation.

Ural Interregional Bank has operated steadily and reliably for over 16 years, providing all standard banking services. Apart from the stability of the credit institution, its financial outlook has also earned the customers’ trust, amongst these are both private and corporate customers, fuel and energy enterprises; including Gazprom Holding and companies engaged in the construction of nuclear power plants. The bank offers a wide range of traditional banking services as well as an additional set of new services and financial products.

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