Home News & events Press Releases 2018 Tatsotsbank changes sponsor bank with support from Compass Plus

tatsotsbankTatsotsbank changes sponsor bank with support from Compass Plus

The project saw Tatsotsbank, with help from Otkritie Bank and Compass Plus specialists, achieve certification in Visa, Mastercard and Mir payment systems. These certifications included the ability to offer support for EMV and contactless card issuance and acceptance for the payment systems, as well as 3D Secure authentication for Verified by Visa, Mastercard SecureCode and Mir Accept. In addition, Tatsotsbank has supported Visa Token Service and Mastercard Digital Enablement Service, enabling integration with mobile payment services, such as Google Pay. In the near future, Tatsotsbank plans to integrate with Apple Pay.

The multi-stage project was implemented without suspending any services for Tatsotsbank customers. Compass Plus, Otkritie Bank and Tatsotsbank worked in synergy to ensure that going forwards, the Compass Plus Processing Centre and Otkritie Bank are able to offer services to other potential partner banks.

“On behalf of Tatsotsbank I express my deep gratitude to the Compass Plus and Otkritie Bank teams for the mutually beneficial co-operation and support provided within the projects of migration, certification, and the introduction of new products, which have provided new services and opportunities for the bank’s customers,” said Vadim Ivanov, Head of the Plastic Cards Department of Tatsotsbank. “The selfless work, integrity and professionalism of Compass Plus allowed us to achieve fantastic results within the shortest timeframe. We sincerely hope that interaction between our companies will be equally effective and productive in the future, and we look forward to strengthening and expanding our partnership.”

“We provide advanced and convenient payment solutions for our partner banks, and the launch of Google Pay for holders of Mastercard cards issued by Tatsotsbank is one of them. Participation of Compass Plus as an outsourcing company allows us to expand our own processing network and ensure easy integration for partner banks utilising software from Compass Plus,” said Veniamin Polyantsev, Member of the Management Board at Otkritie Bank.

Aleksey Osipov, Executive Vice President at Compass Plus, said: “The development of our outsourcing business is a key project for Compass Plus. To stay competitive in the market today, banks need not only the most advanced payment services within a flexible and fault-tolerant technology platform, but also the choice of a sponsor bank for processing card transactions from international payment systems. Thanks to co-operation with Otkritie Bank, we are ready to offer our customers the most convenient and competitive terms for the whole range of payments operations and provide alternatives in terms of operational interaction with payment systems.”

About Tatsotsbank:
One of the most dynamically developing banks of the Republic of Tatarstan, Russia, Tatsotsbank is focused on crediting, providing bank guarantees and cash management services for legal entities and individual customers. The bank always aims to build a high-tech retail business that meets the needs of a variety of demographics. Tatsotsbank is a member of Visa and Mastercard international payment systems, as well as Mir payment system.

www.tatsotsbank.ru

About Otkritie Bank:
Otkritie Bank is one of Russia’s top 10 major banks and is a systemically important institution. Otkritie Bank has been active in the financial market since 1993, and is a full-service bank with a sustainable, diversified business structure and a focus on corporate, investment, retail, SME and private banking.

www.open.ru/en

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