Home News & events Press Releases 2011 Compass Plus helps City Bank take the lead in card offerings in Bangladesh





logocityCompass Plus, an international provider of retail banking software and electronic payment systems to financial institutions, announced it has assisted Bangladesh-based City Bank with the completion of the issuing and acquiring certification in Mastercard. City Bank, rated by Asian Banker as the strongest bank in Bangladesh in 2010, has now become the only bank in Bangladesh to offer cards from the 3 major international payment systems: Visa, Mastercard and American Express.

City Bank was seeking Mastercard certification in order to expand the extensive range of services provided to its customers. The bank has since launched the following products: Mastercard Platinum International Debit Card, regular Local Card and City Manarah Islamic Debit Card into the Bangladesh market. Using the proven experience from Compass Plus, the bank was able to streamline the certification process and ensure adherence to the strict Mastercard schedule.

“City Bank has again shown its serious commitment to the development of the modern banking industry and its continuous endeavour to offer exciting products and services every year.” said Aziz Al Kaiser, Chairman of City Bank. “Mastercard certification is only one in a series of successful projects completed with the assistance of Compass Plus. The professionalism and efficiency of their team enables City Bank to quickly react to market requirements and we look forward to many more years of a mutually beneficial partnership with the company.”

About City Bank:
City Bank is one of the oldest private Commercial Banks operating in Bangladesh. It is amongst the oldest five leading Commercial Banks in the country that commenced their operations in 1983.  The bank currently has 88 online branches and 10 SME centres spread across the country that includes a fully fledged Islamic Banking branch. It currently has 100 ATMs of its own; and an ATM sharing arrangement with a partner bank that has 550 ATMs in place; SMS Banking; Interest Banking and so on. City Bank is the first bank in Bangladesh to have issued Dual Currency Credit Card. The bank currently boasts a base of over 500,000 retail customers.



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