Home News & events Press Releases 2008 AF Bank launches in-house processing and card personalisation centre into production

 

afbankAF Bank, Bashkortostan, has launched its extensively functional in-house processing centre and card personalisation centre into production. Both systems are built on TranzWare solutions developed by Compass Plus to include TranzWare CMS, TranzWare Online and TranzWare Card Factory.

The decision to establish its own processing and card personalisation centres was made due to the rapid growth of the bank’s card business and the intense development of the payment technology market in the region. The bank also aspired to satisfy the ever growing and changing demands of its customers in terms of personal funds management. Introducing these new solutions ensure high performance and flexibility in card management whilst promoting the bank’s retail services. Gaining independence from a third party processor will be of great benefit to the bank, bringing a substantial cut in card transaction processing costs as the number of cards issued and transactions processed have seen considerable growth.

The project introduced a feature-rich back office system called TranzWare CMS, which possesses extensive capabilities for retail banking products, broadening the range of state-of-the-art services offered by the bank. AF Bank has plans to use TranzWare CMS for deposit contracts, turning its back on the previously used third-party system. TranzWare CMS will also enable the automated maintenance of various credit products, such as overdrafts, revolving credit and consumer loans.

The bank’s plans for the near future include the complete certification of its processing centre in Visa and MasterCard for issuing and acquiring, and the launch of an Internet banking application built on the TranzWare suite of products.

AF Bank has been working with Compass Plus since May 2008. During this rather short period of cooperation, the synergy between the teams has resulted in the successful on-site installation and customisation of TranzWare products, integration of the software with ABS and the host of the sponsor bank, as well as training the staff how to operate TranzWare solutions.

AF Bank is an International bank offering a complete set of services. The bank was established as the result of the integration between two major financial institutions – Astana-finance and Alfa-Bank-Bashkortostan. AF Bank is an Affiliate Member of MasterCard and an Associate Member of VISA with sponsorship from Zapsibcombank. Zapsibcombank has been a customer with Compass Plus since 2005 and is an active user of TranzWare solutions to support their in-house processing centre and offer sponsorship to other banks.
www.afbank.ru