Home News & events Press Releases 2011 Compass Plus helps RoyalBank stay ahead of the competition by issuing CUP cards

 

RoyalBankRoyalBank, one of the most dynamically developing banks in Azerbaijan, has had its in-house processing centre certified by China UnionPay (CUP) for card issuance. The bank was also successfully certified for acquiring in the same payment system two months prior. The processing centre, RoyalCard, was launched into commercial operation at the end of 2010 based on the comprehensive TranzWare  product suite from Compass Plus.

As a consequence of these certifications, today RoyalBank is the only bank in Azerbaijan supporting the complete range of services for China UnionPay payment cards. This means that the bank will be able to offer new and unique products and services to the Azerbaijani market and the Transcaucasian region, establishing itself as a China UnionPay payment system leader in the card market.

Currently RoyalBank is a principal member of Visa and Mastercard offering its customers the full range of card products and services from these payment systems. Using TranzWare software products in its processing centre enables the bank to manage and rapidly develop its own card business and to offer its clients state-of-the-art technologies and services.

About RoyalBank:
RoyalBank is a commercial bank established in Azerbaijan in 1993 and today has 32 branches. The bank specialises in retail banking for Small and Medium Enterprises. RoyalBank collaborates with various international financial institutions such as International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), United States Agency for International Development (USAID) and Asian Development Bank (ADB).

www.royalbank.az

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