Independent view

Consult Hyperion in conversation with Compass Plus

The question is: can a payments platform born in the 1990s truly meet your business needs? And, more importantly, for how long?

Compass Plus and Consult Hyperion joined forces to address this question in an insightful webinar, which brings together experts from each company to explore the differences between payment platforms born in the 1990s and those developed and launched in the 2010s, and how the latter can transform your business, providing a platform that will meet the needs of today's market and tomorrow's unknown.

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Future ready payments platforms - with Consult Hyperion

As payments platforms sit at the core of a financial institution’s business, a financial institution’s ability to compete by offering new products and services is determined by the flexibility and extensibility of its payments platform. However, many financial institutions continue to operate traditional, card-centric 2nd generation payments platforms which are based on concepts and technologies from the 1990’s, instead of moving to modern, 3rd generation payments platforms which natively support extensive customisation, providing financial institutions with the means to develop innovative products and solutions now and in the years to come.

A new white paper from Compass Plus and independent global payments consultancy Consult Hyperion considers:

  • How payments platforms have evolved
  • The characteristics of traditional payments platforms and the problems these cause financial institutions attempting to compete with competitors using modern platforms
  • Why financial institutions might be reluctant to migrate to a modern platform
  • The typical architecture of a modern 3rd generation payments platform, its capabilities and the benefits it can deliver to a financial institution
  • Why financial institutions need to migrate and the benefits they will enjoy post-migration
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PayX deep dives into Open Development Payment Platforms with an independent study into TranzAxis

A new report from Compass Plus and internationally renowned payment specialists PayX takes a deep dive into TranzAxis, the Open Development Payments Platform from Compass Plus.

The driving force behind this unrestricted analysis into TranzAxis stemmed from two key areas that Compass Plus felt were pertinent to address. Firstly, Compass Plus are technology experts before everything else, motivated by their desire to evolve and create, so any and all insights would be invaluable to the continued enhancement of the platform. The second reason was more competitively strategic: the company wanted to prove that TranzAxis really does deserve to be highlighted as a platform with capabilities that go beyond buzzwords and tick boxes.

Compass Plus have risen to the challenge of how to address the needs of current and future payments platforms through their TranzAxis product,” said Senior Management Consultant at PayX Group, Steve Lomax.

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