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Home About Us Company History

 

HistorySince the establishment of Compass Plus in 1989 we have made it our core ambition to be at the forefront of the development of cutting edge technologies and applications for building, implementing, supporting and managing all-scale retail banking and electronic payment systems. Working alongside partners and customers, not only have we pioneered new products, we have also piloted innovative technologies, making us the success we are today.

Year Occurrence
2015 Successfully completed the pilot and launch of MobiCash
Strengthened position in the Middle East, Asia Pacific and Europe
Successfully launched processing centre for the largest bank in Jordan (first customer in Jordan)
2014 Regional Headquarters, Americas moved to Deerfield Beach, Florida housing both LATAM and US & Canada offices
Regional Headquarters, Asia Pacific moved to Kuala Lumpur, Malaysia
UAE office moved to Amman, Jordan
First customers in Cyprus, Indonesia, Philippines, Sweden
Introduced mobile payments solution
2013 Introduced machine-learning fraud analysis
Pioneered UnionPay cards in Georgia
2012 US office moved to Miami and made Regional Headquarters, Americas housing both LATAM and US & Canada offices
Singapore office made Regional Headquarters, Asia Pacific
First customers in Antigua, Mexico, Curacao
Partnerships in Bangladesh and Indonesia as well as Panama (for the region of LATAM)
Local customer support available at Brazil office
Introduced instant issuance and social network banking solutions
2011 Introduced Open Development Payment Platform
Local project management available at UAE office
First customers in Saudi Arabia, Algeria and Cape Verde, Brazil and Kenya.
Sale to a large PSP in Germany serving over 22,000 merchants globally including major international airlines
Partnerships in Brazil, Saudi Arabia and the Philippines
Pioneered MasterCard PayPass in Ukraine
Pioneered MasterCard PayPass stickers in Russia and CIS
Supported the introduction of JCB in Vietnam
Introduced online merchant management solution
2010 New sales office in UAE (Dubai)
UK office made Regional Headquarters, Europe also housing Global Marketing
Sale to a processor in Russia serving the second largest banking group
Pioneered MasterCard PayPass in Russia
Introduced mobile banking solution
2009 New sales offices in Singapore, USA and Brazil
Russia (Magnitogorsk) office made R&D Headquarters
First customer in Bosnia & Herzegovina
Pioneered the first Visa payWave project in CEMEA
Supported the introduction of AmEx in Bangladesh
Introduced contactless and advanced ATM monitoring solutions
2008 First sales in the Middle East to UAE and Iraq
First customers in Cambodia, Azerbaijan and Tajikistan
Local customer support and project management available at Vietnam office
Supported the first SaaS project in Africa
Introduced cash planning solution
2007 New sales office in Vietnam
Amongst the first 11 per cent in the industry to receive PA-DSS compliance
Pioneered the implementation of DPA/CAP technology in CEMEA
Supported a European processing centre in becoming the first in CEMEA to achieve PCI-DSS compliance
Introduced algorithmic authorisation and claims management solutions
2006 First customer in Montenegro
Sale to a large cross-African and Gulf processing centre based in Egypt
First usage of Compass Plus products at a Visa/MasterCard Third Party Personaliser
Achieved leading position in Russian electronic payments market
Pioneered P2P payments in Russia
Partnership in Serbia
Introduced revolving credit, instalments, loyalty, and debt collection solutions
2005 New marketing and sales office established in the United Kingdom
Sale in Africa to processing centre in Nigeria
First processing centre customer in Lithuania
2004 First sales in Western and Central Europe
Sale to a global processing centre based in Germany processing banks in 21 countries across 11 timezones
First customers in Georgia and Vietnam
Introduced 3D Secure, VSDC++, and advanced clearing and settlement solutions
2003 First sale in Asia Pacific to processing centre in Bangladesh
First customers in Serbia and Latvia
Introduced card personalisation, Internet banking, and electronic bill presentment and payment (EBPP) solutions
2002 Contract signed with a bank servicing Russian Railways – the largest railway network in the world
Amongst the first to implement SMS-banking in Russia
Introduced EMV and fraud prevention solutions
2001 First sales outside CIS in Central Asia (Mongolia) and Europe (Kosovo)
First sale in Ukraine to the largest retail bank
2000 Processing centre gained MasterCard Member Service Provider status with Europay International (now MasterCard)
1999 Processing centre runs completely on Compass Plus products
1998 Introduced advanced card management, payments management and merchant acquiring as well as transaction processing and terminal driving solutions
Processing centre received Visa Third Party Processor status
1996 Processing centre certified by Visa
Active development of regional outsourcing business
1995 Introduced second version of Card Management System
Establishment of processing centre
First outsourcing customer signed
1994 First product version released and implemented as base of retail consumer credit system at one of the world's largest steel mills
1993 Commencement of product development to manage deposit and credit accounts
1989 Compass Plus founded as successor to R&D institute
1956 Establishment of large R&D institute specialising in real-time process control and building extensive industrial mission-critical systems