Compass Plus

Compass Plus, an international provider of electronic payment and retail banking software products, regularly tests products and systems for PA-DSS compliance. It is necessary to certify payment applications that store, process and transmit data about cardholders at the stage of transaction authorization and when making mutual settlements between participants in the payment process.

Leveraging more than fifty years of technology development experience to build large-scale automated systems, of which electronic payments and retail banking account for nearly twenty years, Compass Plus provides financial institutions, including retail banks and processing companies around the world, with high-tech business-oriented and largely unique products introduced in the TranzWare line. Compass Plus offers products that are not only in no way inferior to the counterparts of long-established industry leaders, but also far superior in a number of respects. However, being small in number, the company does not burden our customers with excessive bureaucratic procedures, which are typical for large suppliers in the retail banking market, and provides a quick response to changing market needs.

The company's extensive customer base includes more than 100 retail banks, processing centers, national switches and personalization centers in dozens of countries in Europe, Asia, Africa, the Middle and Middle East, as well as North and South America.

Over 400 highly qualified specialists work in Compass Plus offices located around the world - these are the company's head offices in Russia (Magnitogorsk), Great Britain (Nottingham), USA (Miami) and Malaysia (Kuala Lumpur), as well as additional sales, project management and support offices in Russia (Moscow) and Brazil ( Rio de Janeiro).

Compass Plus offers a comprehensive, innovative and highly integrated suite of products that provide hundreds of features and options, making TranzWare one of the most comprehensive solutions available in the retail banking and electronic payment market today.

TranzWare products offer exceptional custom customization and architecture flexibility, enabling Compass Plus customers to market truly innovative and competitive banking products as quickly as possible, thereby maximizing the return on investment in our technology. The TranzWare product suite not only provides a wide range of financial functions, but primarily carries exceptional business value. Creating truly unique banking products, acquiring new and retaining existing customers, disclosing new revenue items, reducing transaction costs and time to market, strengthening security, developing hidden business potential, and building future-proof financial products is all possible with TranzWare.

History

2018: UK processing centre launched

On September 20, 2018, the company Compass Plus announced the global expansion of its processing business and the launch Great Britain of a processing center certified in international payment systems Mastercard Visa and fully compliant. payment card industry security standard

Compass Plus has been processing financial institutions in Russia and neighboring countries for several decades. By systematically developing this line of business, the company has launched a processing center in the UK, which allows it to provide more options for deploying processing services to a wider range of players. The start of the PC also means that the TranzAxis platform is available in an outsourcing model.

As a processing platform, TranzAxis, according to Compass Plus, has a number of advantages: it provides banks and other players in the payment industry with a flexible solution in accordance with their business requirements, allows them to quickly adapt to rapidly changing market conditions, ensures active user participation in solution design and platform development, etc.^[1]

2016: Acquiring JCB cards in the network of partners

On July 29, 2016, Compass Plus announced the start of acquiring payment system cards JCB in partner bank devices.

The card acquiring program is implemented as part of the strategy for the development of payment services of the Compass Plus processing center together with the Non-Bank credit organization United Settlement System^[2].

The company conducted certification under the ATM JCB Acquiring program, which ensured the transition to the implementation of the partner bank connection.

Since July 21, 2016, cash issuance by cards JCB of foreign and Russian banks has been available in all ATMs of the partner group. The Compass Plus processing center ensures compliance with the requirements of the international payment system JCB and the legislation of the Russian Federation for the processing of domestic Russian card transactions through the OPCC. NATIONAL PAYMENT CARD SYSTEM

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