Home News & events Press Releases 2007 Alliance Bank completes certification in MasterCard International payment system

 

Alliance-Bank_eng-ConvertedAlliance Bank (Kazakhstan) completed certification process in the MasterCard International payment system with the support of Compass Plus. At present, Alliance Bank, one of the top three largest banks of Kazakhstan, has Principle Member status in both MasterCard and VISA and can allow its clients to use cards from both popular payment systems as well as accept them in its retail network.

Card business development is one of the key development directions for Alliance Bank. As a result of this strategy in July 2007 the Bank began to issue revolving credit cards to all clients who successfully repaid all of their express-credits. Two months after the implementation of the Revolving Credit Card module (within TranzWare CMS) Alliance Bank issued more than 30,000 credit cards.

The Director of Alliance Bank’s payment technologies department, Irina Abdieva highly rated Compass Plus work on the implementation of the project:

“The Compass Plus specialist team exuded professionalism and efficiency. In less than three months the Revolving Credit Card module was modified in accordance with our business needs and with the requirements of the Republic of Kazakhstan’s accounting system as well as it was launched commercially. We believe that with the technological support of Compass Plus we will not only meet the constantly changing requirements of the retail market, but also take the lead over the competition by launching new products and services.”

In August, Alliance Bank saw the commercial launch of the Internet banking solution built on TranzWare eBank. Today, the owners of Alliance Bank cards have countless possibilities that include not only obtaining information, but also managing their bank accounts and cards and performing banking operations remotely.

Alliance Bank has Principal Member status in both MasterCard and VISA International. Based on the asset size and shareholders’ equity, Alliance Bank is the third largest commercial bank in the Republic of Kazakhstan. It has 218 branches across the Republic of Kazakhstan and holds the leading positions in the consumer crediting market.