Compass Plus achieves accreditation for Faster Payments

Share this post

Compass Plus achieves accreditation for Faster Payments

Compass Plus, an international provider of retail banking and electronic payments software for processors and financial institutions, has announced that it has been certified as one of only five companies to achieve aggregator accreditation for Faster Payments in the UK. Faster Payments is a system that enables customers in the UK to make secure and fast automated payments via mobile, internet, telephone or standing order 24/7/365 at the touch of a button.


The software provider’s open development payments platform, TranzAxis, was certified by Faster Payments Scheme Limited (FPSL), the operator behind Faster Payments, after successfully completing a series of technical tests required by FPSL for its New Access Model. Compass Plus chose Ascert Limited to support the testing.


This accreditation means that Compass Plus will now be able to offer TranzAxis as a Faster Payments software gateway to aggregators and those Payment Service Providers (PSPs) that require direct access to Faster Payments’ Central Infrastructure.


Mike Banyard, Head of Development at Faster Payments, said: “Customer demand for real-time payments means the importance of opening up access to our world-leading service has never been more important. We are pleased to welcome Compass Plus as the latest FinTech to achieve the accreditation standard – they will play a vital role in stimulating competition by providing more choice for payment service providers in how to access Faster Payments.”


Mike Wainwright, Business Development Director at Ascert UK said: “Compass Plus were one of the first FinTechs to take up the cloud based FPS Accreditation service provided by Ascert. The Ascertified cloud based testing system enabled them to successfully complete their own functional testing as well as the formal accreditation with minimal support required from us.”


Darren Busby, Associate VP & Business Development Director at Compass Plus said: “Access to real-time payments will be a benefit for businesses and consumers alike so we are particularly proud to be one of the first vendors awarded the Faster Payments ‘trust mark’ certificate. The certification demonstrates our ongoing commitment to innovation and future-proofing our customers’ business.”




About Faster Payments Scheme Limited

Faster Payments Scheme Limited (FPSL) is the company that enables mobile, internet, telephone and standing order payments to move quickly and securely, almost at the touch of a button, 24 hours a day. At its launch in 2008, Faster Payments was the first new payments service to be introduced in the UK for more than 20 years.



About Compass Plus

Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions and payment service providers meet rapidly changing market demands. Our diverse customer base spans retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With more than 25 years’ experience, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers.

More To Explore


Merchant Community Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.


Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?