later extended to cover a new range of ATM products, such as cash-in capability, utility bill payments, mobile phone top- up, and cash loan repayment. At the start of 2017, Agribank reported it had updated its entire EMV network, including ATMs and POS terminals, which function using solutions from Compass Plus. As mentioned, other Vietnamese banks have also implemented TranzWare. Global Petro Bank (GP Bank) went live in Autumn 2013, migrating its cards, ATM and POS terminal networks. The bank, with 80 branches at the time of the cut-over, was originally set up in 2005 as Ninh Binh Rural Bank.
In Q1 2014, Compass Plus gained its first customer in Indonesia, Bank Tabungan Pensiunan Nasional (BTPN). The deal was gained via the vendor’s local distributor, PT Infogram Telemedia. The bank signed to migrate its legacy switch and card processing platform to the TranzWare product suite. The first phase of the project, covering magnetic stripe card issuing, ATM management and card personalisation, went live in April 2014. The second phase will see the bank issue EMV cards and is set for completion by the end of 2015. In 2016, Compass Plus implemented a number of projects
using TranzWare, including: Mutual Trust Bank in Bangladesh, one of the top five retail banks in the country, migrating its in- house processing centre to TranzWare; PRASAC, the largest microfinance institution in Cambodia, launching remote banking services; Asia United Bank, a Philippine-based universal bank, launching new credit card products on the platform. In 2017, Lipetskcombank in Russia launched mobile banking platform based on Tranzware. As part of
this
implementation, the bank is able to offer remote payments, card & accounts management and access to information on android and iOS apps. Lipetskcombank is an existing customer for Compass Plus. In January 2018, Russia based Center-invest Bank launched a new mobile banking application built on TranzWare Mobile Banking. The application built for Android and iOS, allows the bank’s customers to receive information on cards, accounts, deposits and loans, make transfers and utility payments, and pay for telecommunication services. In the same month, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), announced the successful migration of its debit card transactions to the TranzWare suite.
TranzAxis Neyva Bank in Russia was an early taker of TranzAxis,
where the platform was implemented to launch the actual bank. Neyva Bank required a reliable and easily customisable system to enable the bank to develop and implement new products and services quickly. The first stage of the project went live in April 2011, culminating in the certification of the processing centre by Visa and the commencement of
Payment Systems & Suppliers Report |
www.ibsintelligence.com 139
the issuance of corporate bank cards. The second phase of the project saw the development and implementation of a full service retail banking system (including debit and credit accounts and bank cards). Since then, Neyva Bank has also launched a virtual prepaid Visa card that can be issued at its ATMs – a project that took just 15 man-days from concept to go live.
Another taker is SwitchMaster, a Russia-based payment
processor launched in H2 2011. In early 2013, SwitchMaster’s platform recorded its first performance peak: over one million transactions in the first ten days of February. TranzAxis also gained Global Processing Centre (GPC), the
third largest processor in the Caribbean region, as a customer in 2013. GPC upgraded its platform to TranzAxis to enable it to considerably expand its transaction processing portfolio. The platform has also enabled GPC to offer SugaPay, an alternative payments system which links a payment card to a mobile phone to offer a variety of cashless payment options for cardholders and merchants. Leading European online payment provider, Klarna,
became a TranzAxis customer in 2014. The project aimed to support further global expansion for Klarna, future proof the business through the implementation of an open platform, and provide a flexible and customisable third party solution that would enable quick and easy system development. It took less than six months to implement the platform and launch the first UK merchant customer. Today, TranzAxis manages all Klarna accounts and settlement with merchants, acquirers and banks. Klarna has also recently launched a cloud-hosted service in the US through TranzAxis and went live with its first customer in the US in September 2015. The online payment provider is hoping to migrate its existing customer base from its in-house system to the new platform in the near future. TranzAxis is also used by a number of other FIs across Russia, the Middle East, LATAM and Europe.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182 |
Page 183 |
Page 184 |
Page 185 |
Page 186 |
Page 187 |
Page 188 |
Page 189 |
Page 190 |
Page 191 |
Page 192 |
Page 193 |
Page 194 |
Page 195 |
Page 196 |
Page 197 |
Page 198 |
Page 199 |
Page 200 |
Page 201 |
Page 202 |
Page 203 |
Page 204 |
Page 205 |
Page 206 |
Page 207 |
Page 208 |
Page 209 |
Page 210 |
Page 211 |
Page 212 |
Page 213 |
Page 214 |
Page 215 |
Page 216 |
Page 217 |
Page 218 |
Page 219 |
Page 220 |
Page 221 |
Page 222 |
Page 223 |
Page 224 |
Page 225 |
Page 226 |
Page 227 |
Page 228 |
Page 229 |
Page 230 |
Page 231 |
Page 232 |
Page 233 |
Page 234 |
Page 235 |
Page 236 |
Page 237 |
Page 238 |
Page 239 |
Page 240 |
Page 241 |
Page 242 |
Page 243 |
Page 244 |
Page 245 |
Page 246 |
Page 247 |
Page 248 |
Page 249 |
Page 250 |
Page 251 |
Page 252 |
Page 253 |
Page 254 |
Page 255 |
Page 256 |
Page 257 |
Page 258 |
Page 259 |
Page 260 |
Page 261 |
Page 262 |
Page 263 |
Page 264 |
Page 265 |
Page 266 |
Page 267 |
Page 268 |
Page 269 |
Page 270 |
Page 271 |
Page 272 |
Page 273 |
Page 274 |
Page 275 |
Page 276 |
Page 277 |
Page 278 |
Page 279 |
Page 280 |
Page 281 |
Page 282 |
Page 283 |
Page 284 |
Page 285 |
Page 286 |
Page 287 |
Page 288 |
Page 289 |
Page 290 |
Page 291 |
Page 292 |
Page 293
