National Bank of Tajikistan Launches National Processing Centre
Sunday 29 January 2012
NOTTINGHAM (Press release) – Compass Plus, the global payments software provider, announced today that the Tajikistan national processing centre is live. The National Bank of Tajikistan selected Compass Plus in July 2011 to consolidate the existing infrastructure of bank card acceptance in Tajikistan on a single national platform, enabling secure card operations in the country and delivering access to the advanced payment technologies, including Internet and mobile banking.
- Compass Plus provides complete and integrated software and services for financial institutions. Their customer base spans retail banks, processing centres, national switches and personalisation centres in dozens of countries across Europe, Asia, Africa, the Middle East, and North & South America.
TranzWare Card Factory allows receipt and processing of primary personalisation jobs from TranzWare CMS or a back office system of other vendors, where a format of uploaded personalisation data can be customer-configured. Overall, the product offers flexible customisation capabilities, requires minimum setup time and ensures low setup and running costs. To ensure flexibility in security, TranzWare Card Factory is capable of working with card personalisation equipment, EMV cards and HSMs supplied by all major manufacturers.
According to Compass Plus, for a project of this size and complexity, implementation in just six months from contract signature has proven the agility of its implementation team and the flexibility of the TranzWare product suite.
Choosing Compass Plus as its technology partner ensured that the Tajikistan National processing centre gained access to the full range of modern banking services that include cash disbursement and acceptance, payment for goods and services, various fund transfer options, performing banking operations via the Internet and mobile and SMS-banking. The processing centre is capable of delivering services to the country’s credit institutions that enable the performance of information processing, financial operations as well as clearing settlements in payment systems. The centre has extensive capabilities for connecting various ATMs and other terminals of the participating banks, for issuing domestic and international bank cards, as well as for the interaction with other companies on the acceptance of payments for rendered services (for example, Internet and mobile telecommunications) and for the connection to other processing centres that deliver various services to the banks of Tajikistan.
At the launch presentation of the National processing centre attended by heads of ministries, credit institutions, mobile communication companies and international institutions held in Dushanbe, Tajikistan, the Chairman of the National Bank of Tajikistan, Sharif Rahimzoda said:
The main objective of the establishment of the National processing centre is to ensure an autonomous platform that does not depend on external payment systems for settlement and to minimize the risk of external factors influencing the payment infrastructure of Tajikistan.
Andrey Chirkov, Head of Russia and CIS region at Compass Plus commented:
Our extensive experience in implementing large scale projects across the globe has helped us ensure that within a short period of time the National Bank of Tajikistan was able to set up a secure and versatile payment infrastructure and offer access to the latest remote banking technologies, ensuring the needs of financial institutions in Tajikistan are fulfilled now and in the future.
The national processing centre is be based on the following TranzWare products: TranzWare Online, TranzWare CMS, TranzWare Card Factory, TranzWare Fraud Analyzer, TranzWare Internet Banking and TranzWare Mobile Banking.