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.
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).
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.
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.
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.
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, 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.
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