Compass Plus, an international provider of retail banking software and electronic payments systems to financial institutions, has announced that it has migrated Global Processing Centre (GPC) in Antigua, the third largest processor in the Caribbean region to TranzWare from Compass Plus in just over three months.
GPC chose TranzWare to help expand its business from issuing prepaid cards to offering PCI DSS certified comprehensive issuing and acquiring services to the region with full compliance to the EMV standard. GPC customers in the Latin American and Caribbean region will now benefit from these additional processing services along with newly implemented remote banking services including internet banking that is also adaptable for use with mobile phones - a feature that is unique to the region.
"As a processor designed to serve numerous financial institutions we are expected to integrate with a variety of systems - and the TranzWare architecture is designed in such a way that it allows us to adapt and grow without long, risky development cycles. It also allows us to meet and exceed the needs of our clients," commented Justin Stuart-Young, CIO at GPC, "It is very reassuring to see how much thought goes into the product development and the effort that goes into installing new features and upgrades. This shows that TranzWare products have good controls from the development perspective and that the system is very well thought out."
Juan Bustios, Latin America & Caribbean Regional Manager at Compass Plus, said of the project "GPC is one of the largest processors in the region and we are delighted that they have chosen TranzWare from Compass Plus. The smooth migration process and the speed of implementation clearly demonstrates the professionalism of the Compass Plus team and I'm excited to announce that we are already preparing for the further expansion of GPCs product range in the near future."
© Finextra Research 2014