Home News & events Press Releases 2006 Alliance Bank certified in EMV issuing and acquiring programmes at Visa International

 

14 September 2006

Alliance-Bank_eng-ConvertedAs part of the modernisation to its in-house processing centre, Alliance Bank (Kazakhstan) was successfully certified in EMV issuing and acquiring programmes at Visa International. The processing centre is built on Compass Plus software products: TranzWare Online, TranzWare CMS, TranzWare Card Factory, TranzWare Fraud Analyzer and TranzWare Messaging Gate. All of the Bank’s terminal equipment is connected to the processing centre and by the end of 2006 the Bank plans to migrate te existing card issuing to the new systems and commence issuing the new card products.

Dauren Kereibaev, the vice-chairman at Alliance Bank, has stressed that Compass Plus has helped Alliance Bank to realise their development objectives in the area of their own payment card business. Mr. Kereibaev noted that the Bank has relatively ambitious payment card plans, some of which are rather innovative. The vice-chairman said “Currently we are at a starting point – we began to install ATMs, issued around 50 thousand cards. I am sure that in the near future the share of Alliance Bank in the plastic card market will be in keeping with the place that the Bank currently holds in relation to the asset size and shareholders’ equity in the rating of the Kazakh banks, that is the fourth”.

Alliance Bank’s processing centre is the first project carried out by Compass Plus in the Republic of Kazakhstan. Alliance Bank has Principal Member status in MasterCard and Associate Member status in VISA International. Based on the asset size and shareholders’ equity, Alliance Bank is the fourth largest commercial bank in the Republic of Kazakhstan. It has 146 branches across the Republic of Kazakhstan and holds the leading positions in the consumer crediting market.