Home News & events Press Releases 2006 Investment City Bank launches in-house processing centre based on TranzWare

 

bCompassPlusCompass Plus has launched an in-house processing centre based on TranzWare products in Investment City Bank (Novosibirsk, Russia). The processing centre is the first in Novosibirsk capable of processing VISA payment cards.

In 2006 Investment City Bank commenced its expansion into the retail banking sector and as part of this strategy the bank made a decision to become a member of the VISA payment system and create an in-house processing centre. Along with the Bank’s requirement for a processing centre functionality was the key condition for the project to be implemented in  the fastest possible time. Compass Plus won the tender for supplying the solution and the contracts between the parties were signed at the beginning of April. By the 22nd of April the installation of TranzWare Online (front office system), CMS (back office system) and Card Factory (card personalisation and issuance solution) had been completed on the Bank’s own hardware.  By the end of May Investment City Bank had been certified by VISA. The system “went live” on the 19th of June, taking just under three months from the signing of contracts to full system implementation.

As part of further project development plans, Compass Plus will realise an on-line interface to the core banking system - RS-Bank as well as an interface to the  bill presentment and payment system, “Gorod”.

Investment City Bank is one of the most dynamically developing financial institutions in Russia offering a wide range of banking services to corporate and private customers.