Compass Plus Helps Tatsotsbank Build Payment Processing Centre

Compass Plus, the global payments software provider, has implemented its integrated TranzWare product suite at Tatsotsbank, based in Tatarstan (Russian Federation), to run the bank’s new processing centre. The processing centre, which was implemented and went live in under four months, has allowed Tatsotsbank to meet new business objectives following a change of ownership.

In July 2010, the Tatsotsbank’s new shareholders made it a priority to implement payroll programs and provide a complete range of banking services to employees from the group of corporate customers that had moved their business to Tatsotsbank. To meet this objective Tatsotsbank had to develop its own processing centre as quickly as possible.

Tatsotsbank selected Compass Plus’ TranzWare products as the basis for this new processing centre. In August 2010, Compass Plus delivered an integrated software suite including TranzWare Online, TranzWare Card Management System and TranzWare Internet Banking. The suite has allowed Tatsotsbank to implement card line, deposit and credit products, as well as to enable access to them via remote service channels. By December the bank had launched the new processing centre based on Compass Plus’ software.

Three products were selected from the Compass Plus TranzWare product suite to meet Tatsotsbank’s urgent requirements:

• TranzWare Online: provides the ability to switch, route, authorise, drive and monitor an unlimited number of terminal devices and handle multiple delivery channels on a single platform.
• TranzWare Card Management System: enables the efficient operation and management of card issuance and lifecycle, bank and merchant acquiring.
• TranzWare Internet Banking: provides an array of options helping to establish a flexible, fully adaptive Internet banking system.

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