Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

COMPASS PLUS: INFUSING TRADITION WITH INNOVATION

dreamstime_m

Company name: Compass Plus

Nature of business:
Compass Plus provides comprehensive, integrated and flexible payments and retail banking software that helps payment service providers and financial institutions meet rapidly changing market demands. Its diverse customer base spans retail banks, processing centres, national switches and personalization centres in dozens of countries across Europe, Asia, Africa, the Middle East, North and South America. With almost 20 years experience, Compass Plus helps build and manage payment systems that generate new revenues and improve profits for its customers.

dreamstime_m

Locations/also markets they operate in:
Compass Plus is a global company and has several regional headquarters located across the world in the UK, the US and Singapore, with its research and development office in Russia (Magnitogorsk). Compass Plus has additional offices in Brazil, UAE, Vietnam and Russia (Moscow).

Contact Information:
Regional Headquarters, Europe and Global Marketing
Cumberland House, 35 Park Row
Nottingham, Nottinghamshire NG1 6EE, United Kingdom
+44 115 988 6047

Brief history of the company:
Compass Plus was founded in 1989 and since has grown into the successful global industry leader that is it today.

Products/services offered:
Compass Plus develops and implements a comprehensive and integrated range of electronic payment technologies. Financial institutions, including retail banks and payment processors across the globe trust Compass Plus products to power all-scale retail banking and electronic payment systems. With hundreds of successful projects spanning card, account and merchant management, card personalisation, payment processing, terminal driving, self-service channel management, mobile and electronic commerce implemented in record breaking time.

Major projects:

Compass Plus

Compass Plus

PrivatBank
PrivatBank, the largest bank in Ukraine with every fourth citizen as its customer, whose processing centre is built on TranzWare, has achieved outstanding transaction processing results, recording almost 12 million transactions in one day. On 24 December 2012, the bank’s processing centre marked its peak transaction load at 456 transactions per second, 18,899 transactions per minute and more than one million transactions per hour.

EMPH
Emerging Markets Payments Holding (EMPH), the largest third party processing centre in Africa and leading processor in the MEA region, needed a change in software in order to keep up with its businesses growing demand. EMPH chose Compass Plus to implement and streamline this transition, obtaining a full set of Compass Plus’ processing products.

Moscow Industrial Bank
Moscow Industrial Bank (MInB) chose Compass Plus to help implement a new product called campus cards. Campus cards are contactless enabled smart cards that are issued as a tool for students, teachers and other University personnel to access information services and other resources available on campus as well as carry out traditional banking operations. In June 2013, more than 9,000 campus cards were actively in use. The project for MInB proved that, with the right business approach, contactless cards can not only benefit customers, but can also prove profitable for banks as well.

Multicarta
Multicarta, one of the largest third party processors in Russia, worked with Compass Plus to quickly implement a flexible product architecture and stable operation, which has transformed its self-service offering. Compass Plus helped Multicarta to improve cross-selling opportunities at the ATM, as well as, implement various functions usually available through their internet banking offering.

TransCreditBank
In 2007 the strategic partner of TransCreditBank and TransCreditCard, JSCo Russian Railways made the decision to sell railway tickets on the Internet. Compass Plus used its already successful relationship to integrate the TranzWare e-commerce platform.

Company website: www.compassplus.com

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post