Compass Plus announces major updates to remote banking products

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Magnitogorsk, Russia – 13 December 2016 – Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that its remote banking products – TranzWare Internet Banking and TranzWare Mobile Banking – have been completely updated to improve performance and user experience. The updated products, which have now been launched into production, are fully compliant with current industry standards and requirements.

The newly relaunched TranzWare Internet Banking features an updated design with easy navigation; a responsive design, dependent on the device the system is accessed on; advanced application build systems, which enable financial institutions to customise the application; and enhanced integration capabilities between the platform and external IT systems. The significant updates to TranzWare Internet Banking have not only enabled to expansion of the product’s functionality, but also ensuring the high performance of the system.

TranzWare Mobile Banking has also been completely modernised. This allows financial institutions to offer their customers a mobile application without having to install additional components, instead integrating the system within existing IT infrastructures. In addition, all TranzWare Internet Banking services are now available for the mobile application.

The updated TranzWare Mobile Banking has a user-friendly interface and enhanced functionality, such as: geolocation of nearby ATMs; account statements that can be enhanced with graphs and charts; the ability for financial institutions to create applications unique to them; and increased capabilities to perform payments and other transactions.

Compass Plus, together with several pilot customers, has already completed beta-testing of the updated remote banking systems, which have now been launched production mode.

“The updated TranzWare Internet Banking and TranzWare Mobile Banking products have benefitted from the vast experience of Compass Plus and our customers in terms of their design and development,” said Vyacheslav Arkadyev, Head of Applications Software Directorate and Designer of Web Solutions at Compass Plus. “Our remote banking systems fully comply with the latest industry standards, and are flexible in terms of integration with external systems. This enables our customers to create convenient, safe and feature-rich remote banking services for their customers.”


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.

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