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Processing ServicesCompass Plus is a trusted and proven software provider for the retail banking and payments business. As such, the company also lends its expertise, software and services to financial institutions through its processing centre, a high-performance and reliable system built exclusively on its own products.

Utilizing the company’s knowledge and considerable experience in the industry, the Compass Plus Processing Centre enables its customers to quickly launch new products and services, reduce the start-up and running costs of card programs and, ultimately, increase revenues and ROI.

The Compass Plus Processing Centre is one of the largest independent processors in Russia. It is certified as a Third Party Processor and Member Service Provider status in Visa International, MasterCard Worldwide and UnionPay respectively. Today, it serves the processing requirements of over 100 financial institutions across several countries.

Serving as an operational centre for the United Settlement System (USS) it also offers financial institutions the opportunity to connect to an extensive network of ATMs (more than 25,000) with reduced tariffs for cash withdrawals. This service is not only provided to financial institutions who outsource their processing to the Compass Plus Processing Centre, but also to institutions with their own in-house processing centres, not necessarily built on Compass Plus solutions.

Key functionalities:

  • Transaction processing, various methods of authorization and  transaction routing
  • End-to-end terminal network driving (ATMs, POS terminals, kiosks, etc.)
  • Secure remote access to the processing centre resources including terminal monitoring and management, as well as the management of  issuer programs
  • Execution of customer-defined algorithms during the authorization process
  • Support of a range of channels for remote banking (including Internet, phone, mobile phone, etc.)
  • Support of various cryptographic devices (HSM)
  • Interaction with external processing hosts and international and/or regional payment systems
  • Advanced fraud detection capabilities including online and offline fraud monitoring and prevention
  • Additional functionality available from Internet and mobile banking to 3D Secure, fraud prevention systems, cash optimization in an ATM network, etc.
  • and many other capabilities

The Processing Centre ensures the secure storage of customer data in accordance with PCI DSS requirements, enables customizable clearing procedures and provides its customers with secure remote access to its resources using TranzWare Online FIMI (voice authorization, monitoring and device management, limits management etc.).

It is advised that TranzWare CMS is installed as a card back-office system, which, in conjunction with processing services, will ensure the optimum, end-to-end functionality of the card system that can only be compared to the capabilities of an in-house processing centre. However, a financial institution can use a third party back-office solution: in this scenario, integration is enabled by online and offline interaction protocols supplied by Compass Plus.

Processing Centre Advantages

  • Independence from the solution provider: quick start-up and favourable conditions of service
  • Broad range of services for financial institutions operating in various areas of the payments industry
  • Option to completely or partially outsource functionality dependent on individual requirements Fault-tolerance and reliability (for more information click here)
  • High-volume, scalable processing (millions of cards, thousands of terminal devices)
  • High speed transaction processing, even at peak load
  • PCI DSS compliant, EMV compliant and support for additional security standards 
  • Substantial discounts on additional Compass Plus products and solutions
  • 24/7/365 customer support service
  • Support for certification with payment networks

As the Processing Centre runs exclusively on Compass Plus products and solutions, it therefore offers its customers state-of-the-art functionality and a service which is continually enhanced in line with industry standards, changing market trends and individual customer requirements. All software product updates are available to all Compass Plus customers offering them a substantial competitive advantage.

Compass Plus offers its customers a choice of payment business running options:  a customer can choose to run software solutions in-house, outsource its operations to the Processing Centre, or choose a combination of both.

For more information on the Processing Centre services, please contact us.