Insights

Over the past 10 years, TranzAxis has cemented itself as one of the most innovative payments platforms in the world. Our latest eBook delves into the history and evolution of the payments industry as whole, exploring why TranzAxis was built and where it fits into the modern day payments landscape.

During the first half of 2021, Compass Plus Technologies conducted a two-part survey to delve into how UK consumer habits have changed in payments and banking. Participants were asked questions relating to the way they make payments, the security of various payment methods, emerging trends, their current banking habits, and the way their behaviours are likely to change in the future.

A report from Compass Plus and internationally renowned payment specialists PayX takes a deep dive into TranzAxis, the Open Development Payments Platform from Compass Plus.

As technologies develop, consumers’ capacity to adapt keeps improving. Most people weren’t comfortable with land-line phones until the 1930s, 50 years after they were invented. By contrast, it took just 10 years for smartphones to become a part of people’s everyday lives. Likewise with mobile banking: launched less than 20 years ago, today around 80% of bank customers in developed economies use mobile as their primary banking channel.

This impact study sets out the key considerations FIs must make to effectively deploy their strategy. From avoiding outdated assumptions, outlining clear objectives, steering clear of industry buzzwords, to asking the right questions, these fundamental tools will only assist financial organisations in their journey to enhance or transform their digital offering.

Compass Plus Technologies and independent global payments consultancy Consult Hyperion have joined forces to make industry professionals question whether payments platforms that are entering their fourth decade can truly meet their future business needs in a new white paper. Delving into the differences between payment platforms born in the 1990s and those developed and launched in the 2010s, the white paper focuses on how a newer platform can help financial institutions and fintechs compete in today’s market and long into the future.