Compass Plus News

Alliance Bank completed the migration of data to its new processing system, based on Compass Plus software solutions

Tue, 10 Jun 2008 09:37:54 +0300

"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
http://www.alb.kz/

Atlasmont Banka and Compass Plus launch EMV project in Montenegro

Mon, 9 Jun 2008 09:37:54 +0300

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.
http://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.
http://www.zeta.co.yu/

Compass Plus awarded ‘Electronic Payment Systems’ with a compliance certificate for Nurit 8ххх POS – terminal software with TranzWare Online compatibility

Wed, 23 Apr 2008 09:37:54 +0300

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/

Compass Plus collaborates with AF Bank in the republic of Bashkortostan region

Mon, 21 Apr 2008 09:37:54 +0300

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

Compass Plus successfully certified SFOUR’s POS terminal software to be compatible with the TranzWare Online system

Tue, 15 Apr 2008 09:37:54 +0300

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/

Compass Plus solutions aid the launch of JSB ‘Clearing House’ processing centre

Wed, 26 Mar 2008 09:37:54 +0300

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

Commercial Bank «Transportny» launches in-house processing centre with the help of Compass Plus

Tue, 25 Mar 2008 09:37:54 +0300

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

Tue, 11 Mar 2008 09:37:54 +0300

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

JSB “Clearing House”, launches in-house personalization centre with the help of Compass Plus

Mon, 3 Mar 2008 09:37:54 +0300

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 wins tender to create a processing centre for Kapital Bank of Azerbaijan

Thur, 28 Feb 2008 09:37:54 +0300

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 Rzaev, 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

Thur, 21 Feb 2008 09:37:54 +0300

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 fraud monitoring solution TranzWare Fraud Analyzer

Mon, 21 Jan 2008 09:37:54 +0300

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:

ability to integrate the product without additional modifications to the Bank’s processing centre software platform;

comprehensive set of implementation, support and training services;

ability to process a large volume of transactions;

ability to independently set transaction analysis rules;

strict access rights and responsibilities control for product operators.

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.

Bank KOLTSO URALA is an Associate Member of the VISA payment system and an Affiliated Member of the MasterCard payment system. The volume of bank cards in circulation is continuing its dynamic growth and to date the Bank has issued over 65,000 bank cards. In addition, the terminal network is also steadily increasing with over 65 ATMs and around 70 POS terminals.

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

Mon, 14 Jan 2008 09:37:54 +0300

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’ new advancement with Nautilus Hyosung Inc. extends the line of supported ATMs within the TranzWare product range. At present, Compass Plus and Nautilus Hyosung look to further strengthen their partnership and are hoping to achieve compliance under the NDC protocol.

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

Tue, 1 Jan 2008 09:37:54 +0300

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".

People’s Bank of Georgia strives to be the most pioneering Bank in Georgia. To this end Compass Plus contributes to the successful collaboration as a reliable partner and developer of innovative technologies. The People’s Bank of Georgia is the largest issuer of bank cards in Georgia (approximately 45% of total bank cards issued in Georgia) and has Principal Member status in the VISA international payment system. The Bank also has the widest branch network in Georgia (180 branches) and is an authorized bank on state social program implementation (delivery of pensions, grants, etc.).

Moscow Industrial Bank (Russia) working on TranzWare solutions from Compass Plus commenced issuing and accepting EMV cards under the brand of MasterCard (M/Chip4)

Thur, 6 Dec 2007 09:37:54 +0300

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.

Quipu GmbH (Frankfurt, Germany) achieved an overall compliance to the mandatory PCI Data Security Standard.

Thur, 29 Nov 2007 19:37:54 +0300

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.

Compass Plus brings its new ATM monitoring module to effect in TranzWare Online

Sat, 20 Oct 2007 18:00:54 +0300

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.

Compass Plus assisted in commercially launching processing centre and plastic card personalisation centre at Bank Center-invest (Russia)

Tue, 9 Oct 2007 18:00:54 +0300

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.

Alliance Bank (Kazakhstan) completed certification process in the MasterCard International payment system with the support of Compass Plus

Wed, 3 Oct 2007 18:00:54 +0300

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.

Compass Plus and CyberPlat (Russia) have collaborated to design an interface between CyberPlat’s payment system and TranzWare Online

Mon, 1 Oct 2007 18:00:54 +0300

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.