Home News & events Press Releases 2007 Compass Plus participates in Retail Banking Business in the Caucasus Region conference

 

bCompassPlusIn the beginning of August Compass Plus representatives participated in the IV Annual International Banking Conference “Retail Banking Business in the Caucasus Region” organised by People’s Bank of Georgia in Batumi (Georgia).

On the first day of the conference Compass Plus’ commercial director, Andrei Chirkov did a presentation on the remote banking services based on TranzWare products. The technological solutions from Compass Plus enable bank customers to gain convenient access to all banking services (payments, transfers, currency exchange, etc) via various self-service devices (ATMs, kiosks) as well as via the Internet and telephone banking. This capability allows banks to widen their customer service network, the quality of service and the customer base itself in a quick and relatively inexpensive way as opposed to setting up more bank branches. This topic has generated a lot of interest amongst conference participants.

In her presentation devoted to the development of the card project at Peoples Bank of Georgia, Maya Heladze, the Director of the Plastic Cards Department, highly regarded the role that their own in-house processing centre plays in the development of the Bank’s product range. Since the commercial launch of the Bank’s processing centre in May 2006 the number of cards in circulation has tripled. During the conference the Bank issued 500,000th card and presented the owner of this “milestone” with a Hyundai Tucson. It is also worth noting that the Bank’s card project develops not only by means of volume growth but also by taking on new initiatives such as getting certified for VSDC cards and commencing the issuing of cards under the MasterCard brand.

The conference included a range on fascinating presentations covering not just technological solutions but also other aspects of actively developing retail banking business. The conference once again has proven to be very fruitful and allowed its participants to make many new business contacts.

The Peoples Bank of Georgia has Principal Member status in Visa International and is the largest card issuer in Georgia with over 700,000 cards issued. The Bank has the largest branch network in Georgia (180 branches) and is commissioned to implement and run governmental and social programmes (such as pension schemes, social benefits schemes, etc).