Compass Plus, a global payments software and services vendor, and PayX, the internationally renowned payment specialists, have announced the availability of a new report that takes a deep dive into TranzAxis, the Open Development Payments Platform from Compass Plus.

The software vendor chose PayX for a number of reasons, ranging from their reputation in the industry, their independent expertise and in-depth understanding of the other payment platforms available in the market, to their knowledge of where the payments industry is headed and the technological capability required to support whatever surprises the future may hold.

The driving force behind this unrestricted analysis into TranzAxis stemmed from two key areas that the company 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. “We thank Compass Plus for the levels of access they provided and their co-operation with our in-depth scrutiny in producing this study of TranzAxis.”

“All vendors claim to offer something unique, however, Compass Plus is very willing to be independently assessed by experts in order to add substance to our claim,” said Maria Nottingham, EVP at Compass Plus. “We are proud of TranzAxis and we are very happy that PayX autonomously came to the conclusion that we have built a visionary platform that directly responds to, and addresses the needs of the future.”

The report is available to read here.