|By Business Wire||
|July 8, 2014 04:00 PM EDT||
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced its first customer in Indonesia. The company, together with PT Infogram Telemedia as Compass Plus’ distributor for Indonesia, has completed an e-channel switching project for Bank Tabungan Pensiunan Nasional (BTPN). BTPN, Indonesia’s leading commercial bank, chose to migrate its legacy switch and card processing platform to the TranzWare product suite from Compass Plus, enabling BTPN to offer a full range of modern banking services to its customers.
The first phase of the project, which went live in April 2014, saw the bank implement a range of products to support their magstripe card issuing, ATM management and card personalisation. BTPN has also migrated local ATM shared network connections with PRIMA and BERSAMA as part of the scope of the project. The second phase will see the bank issue EMV cards to its customers following Central Bank of Indonesia’s regulation to comply with the NSICCS (National Standard Indonesia Chip Card Specification) by the end of 2015.
Kharim Siregar, IT Director at BTPN, explained: “Part of the BTPN IT strategy is to build capability on e-channel and be ready for high volume transactions to support retail banking initiatives. After a thorough solution selection process, the bank decided to implement ATM switching using TranzWare from Compass Plus, as, in our view, it is the best that met with the bank’s requirements. We went live with TranzWare in April 2014 after a six month implementation period. We are very pleased with the overall implementation and appreciate Compass Plus and Infogram Telemedia, as the local partner, for their commitment and contribution on this successful implementation.”
BTPN is a bank focused on serving and empowering the mass market segment, which is comprised of pensioners, micro & small enterprises, as well as productive poor communities. This business focus is supported by BTPN’s four business units, namely BTPN Sinaya – its funding business unit, BTPN Purna Bakti – its pension business unit, BTPN Mitra Usaha Rakyat – its micro & small enterprises unit, and BTPN Syariah – which focuses on customers from productive poor communities. Through the Daya program, a measured and sustainable empowerment program, BTPN provides training and information on a regular basis to enhance the capacities of its customers, thereby allowing them a chance to grow and improve their lives. At present, BTPN serves more than 2.3 million customers, through more than 1,200 office networks operating on an online real-time basis, spreading from Aceh to Papua.
About Infogram Telemedia :
Infogram Telemedia offer world-class solutions to the financial services industry covering areas such as Core Banking, EFT (Electronic Fund Transfer) Switching, Card Management System,, and many other solutions. Infogram Telemedia has over 20 years extensive experience helping customers choose the right solution for their business. Through close partnership and cooperation with their solution principals, they can manage the entire process from project planning, requirement analysis, system build, data migration & system integration, system optimization/ performance tuning, user training and After System Go Live support services.
About Compass Plus:
Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions meet rapidly changing market demands. Our diverse customer base spans over retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With almost twenty 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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