Financial Crime
January 13, 2025
Nottingham, UK – 18 October 2016 – Compass Plus, an international provider of electronic payments and retail banking software to processors and financial institutions, has announced that Quipu, a third party processor, has become the first processing centre in Kosovo to offer acquiring and issuing for contactless cards.
To enable the project, Quipu expanded its usage of the TranzWare product suite from Compass Plus – which it has used since 2004. With 6,000 Visa payWave and Mastercard PayPass contactless cards issued by the centre in less than a month, Quipu Card Personalisation Centre plans to have supplied 20,000 by the end of 2016.
Eugenio Marengo, Head of Quipu Processing Centre at Quipu, said: “Our commitment to bringing the latest innovations in card technology to our clients and to the countries we operate in is one of our key business objectives and at the very core of what we do. Thanks to our personalisation centre in Kosovo and through our long-term partnership with Compass Plus – utilising their flexible state-of-the-art solutions – we continue to achieve ambitious card issuance goals in a timely manner.”
Delivering processing services to 27financial institutions across 11 time zones, Quipu’s high level of availability has ensured bank clients are able to provide their customers with unrivalled service reliability. It has issued a total of 891,000 cards to date, with 1,200 installed ATMs, 6,000 POS terminals, and around 4 million transactions processed per month.
About Quipu:
Quipu GmbH is an international IT company 100% owned by ProCredit Holding, the parent company of14ProCredit banks operating in Eastern Europe and Latin America, which together form the ProCredit group. The ProCredit group has more than 25 years’ experience in developing countries and emerging economies. The primary activity of Quipu is the development, implementation and support of software products as well as the outsourcing of software products and the provision of processing centre and personalisation services. Quipu’s headquarters are situated in Frankfurt, Germany, and it has regional offices located in El Salvador, Colombia, Russia, Ukraine, Kosovo, Ghana, Romania and Macedonia. The regional office in Kosovo hosts the card personalisation centre, serving more than 25 financial institutions. The company offers its services worldwide, transcending linguistic and cultural barriers.
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.
NOTTINGHAM, UNITED KINGDOM
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The Payments Association
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© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
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