Home News & events Press Releases 2006 Techcombank processing centre certified in ATM and POS acquiring and issuing

 

techcomThe in-house processing centre at Techcombank (Vietnam) was successfully certified in ATM and POS retail acquiring and magnetic card issuing programmes at Visa International. The processing centre is built on TranzWare CMS, TranzWare Online and TranzWare Card Factory – products developed and distributed by Compass Plus. The launch of its own in-house processing centre will enable the Bank to significantly advance the level of customer service and will provide independence in Visa card processing from its former bank-sponsor. As part of the project TranzWare Online was integrated with Globus T24 system supplied by Temenos. As a result Techcombank is now capable of performing online authorisation based on customer bank accounts and also can provide its customers with an opportunity to make payments into any bank account by identifying the recipient’s requisites.

Techcombank and Compass Plus are planning to further strengthen their relationship and undertake a number of joint projects, including EMV migration. The implementation of the planned projects will allow the Bank to reinforce its position in the Vietnamese payment card market and to build a unique fraud protection system based on TranzWare Fraud Analyzer.

Techcombank is the third largest joint-stock commercial bank in Vietnam and has a network of over 50 branches across 12 provinces and cities in Vietnam. The Bank has Principal Member status in Visa International, over 100,000 cards issued under the brand of Visa and boasts networks of over 2,000 POS terminals and 140 ATMs.