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About Us Company History
About Us Company History
Since 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, Jordan, 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 |
| 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 |
| 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 |
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