Home News & events Press Releases 2009 CLEARING HOUSE launches in-house processing centre based on the TranzWare


Akcionernyi-Bank-KLIRINGOVYI-DOMIn March 2008, CLEARING HOUSE launched its own in-house processing centre into production based on the TranzWare product suite from Compass Plus. The next phase of this collaboration was the project to replace the sponsor bank in the international payment system Visa, the completion of which was planned for the second quarter of 2009.

Raiffeisen Bank Aval has now become the new sponsor of CLEARING HOUSE in Visa payment system, whilst Ukrainian Processing Center (UPC) serves as a technology partner to ensure bank transaction routing in the international payment system. To implement the migration to a new sponsor it was essential to develop a host-to-host interface with the TP-II front office used by UPC as its processing system, as well as developing and maintaining all the necessary formats of clearing data exchange with MPCS back office at the CLEARING HOUSE site. Compass Plus specialists carried out all necessary updates to schedule and the bank commenced project implementation.

The migration to a new sponsor bank was completed in late March 2009. To mark the completion of the migration project Victoria Andreevskaya, Chairman of the Management Board of CLEARING HOUSE, thanked the Compass Plus team for their assistance and support in implementing the project on behalf of the board members and staff. "The high professionalism of both the Compass Plus team and the bank employees, recognised by the management of Ukrainian Processing Center, allowed the bank to implement this project within a very short time frame. The existing 5-year partnership and amicable relations between the bank and Compass Plus will continue to enable the successful implementation of prospective and mutually beneficial projects”.

CLEARING HOUSE is a dynamic Ukrainian bank offering a full range of banking services to its customers: cash and settlement management, cash and cashless conversion, international banking services, trade finance, raising funds, transaction security, bills, loans, etc. Within the last year, the bank managed to increase both Visa card issuance and its terminal network considerably.

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