Newsroom

Less than two years after SINNAD went live with its new processing platform built on Compass Plus software, SINNAD has completed the migration of the largest Islamic bank in Bahrain to its system.

Compass Plus 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 and webinar.

Kenya Commercial Bank (KCB) is positioned as the leading banking group in East Africa, according to the latest 2020 Global Finance ranking. The financial magazine also identified KCB as one of the top 10 safest African banks in terms of liquidity, growth, profitability, operational efficiency and soundness.

SINNAD, a leading GCC third-party payment service provider based in Bahrain, has teamed up with trusted partner Compass Plus to enable its customer banks to offer consumers seamless and secure mobile payments through BenefitPay, the country’s national electronic wallet payment system. As part of the project, SINNAD successfully certified its processing centre, built on Compass Plus solutions, with the tokenisation service from Bahrain Electronic Network for Financial Transactions (BENEFIT).

As part of a major strategy to make the lives of both consumers and merchants easier in Bangladesh, City Bank has launched the country’s first interoperable QR code payments solution in collaboration with Compass Plus. The new solution brings together four key international payments networks –American Express, Visa, Mastercard and UnionPay - in one QR code.

As part of its long-term business strategy to provide solutions for customers of all sizes, from established tier 1 financial institutions to small Fintech enterprises, Compass Plus has added support for Oracle Standard Edition to its cloud-native open development payments platform, TranzAxis.

On 5 September 2020, eCam Solution, a leading system integration company in Cambodia and regional partner of Compass Plus, hosted a roundtable event to discuss the ‘Industry impact and payment trends beyond COVID-19’ in Siem Reap, Cambodia.

Compass Plus is proud to have been shortlisted in two categories in the 8th annual Payments Awards – Payments Innovation Award and Best Mobile Payments Solution.

MYHSM, the global provider of cloud-based Payment Hardware Security Modules (HSM) as a Service today announces its partnership with Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions. Together, the companies are enabling payment providers to deploy Cloud-based infrastructure that aids growth, innovation, and success.

To enable its customers to fully take their cloud strategies to the next level, Compass Plus has supported Amazon Relational Database Service (RDS) in its cloud-native open development payments platform, TranzAxis.