Compass Plus Signs First North American Customer

21 October 2010

Compass Plus, an international provider of retail banking software and electronic payments systems to financial institutions, today announced at BAI Retail Delivery that it has signed its first North American customer, Irvine, Calif.-based SystemPay International.

SystemPay International is a provider of merchant services and end-to-end electronic payment processing solutions, supporting credit and debit cards, ACH, checks and gift cards among others. The company selected Compass Plus’ TranzWare Online and Card Management products in order to provide its national and international customers with the accurate and secure movement of funds. SystemPay is deploying TranzWare as its payment processing solution for authorization and card issuing within their fully PCI compliant datacenter.

“As an international company, we were seeking a provider that was familiar with the worldwide payments landscape,” said Scott Dowd, chief technology officer of SystemPay International. “Compass Plus not only provides that knowledge, but also expertise and support in the North American marketplace. Its TranzWare suite provides an end-to-end payment solution along with a flexible and scalable architecture that will enable SystemPay to customize the technology as we continue to grow.”

As part of its international expansion efforts, Compass Plus established an office in St. Louis, Mo., less than a year ago. The office is headed by Doug Varble, North American vice president for Compass Plus.

“We are thrilled to have signed our first U.S. customer,” said Varble. “Compass Plus already boasts a strong reputation for advanced technology and efficient service in 25 countries across the globe and it is encouraging to have the Unites States as our 26th. We expect this to be the first customer of many here in North America and look forward to working with SystemPay International to enhance their electronic payment processing services.”

Built by an in-house team of software developers, the highly flexible architecture and single-integration structure of TranzWare products enable effective use of applications in a broad spectrum of business environments, as well as easy deployment and management. All TranzWare products are PCI DSS and PA DSS compliant.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development