Home News & events Press Releases 2006 Nadra Bank completes certification of in-house processing centre

 

nadraNadra Bank (Kiev, Ukraine) in association with Compass Plus have completed certification of its in-house processing centre and were also certified as an EMV-acquirer in the Visa International payment system. Nadra Bank are running their processing centre on products developed by Compass Plus, including TranzWare Online and TranzWare CMS. The setting up their own processing centre provides the Bank with the opportunity to significantly improve its product and service offerings as well as further enrich its customer service due to direct interchange with the payment system. The certification in EMV-acquiring also allows the Bank to accept EMV payment cards in their acquiring network, therefore considerably improving security.

Primarily, the setting up of the in-house processing centre will give Nadra Bank the much needed flexibility in managing their extensive customer base and significant number of payment cards in circulation (currently, Nadra bank has issued over 4 million cards under the brands of the international payment systems). In addition, the processing centre will allow for the effective management of all diverse card business activities, support the most advanced payment technologies and most importantly make the Bank independent in developing and launching new card products.

Nadra Bank is one of the 10 largest Ukrainian banks and is one of the leading payment card issuers and acquirers in the market. The bank offers a truly diverse range of modern banking services and has a network of over 550 branches nationwide. Nadra Bank has over 4 million international payment cards in circulation, 2.7 of which are under the brand of Visa International. The Bank has a network of over 600 ATMs and 3,200 multifunctional POS-terminals.