Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has been officially added to the National Card Payment System (NSPC) list of approved ACS / 3DS Server vendors that provide authentication software for MirAccept 2.0.
MirAccept 2.0, a secure e-commerce platform, was launched by the NSPC in August 2017. It is built based on the latest 3D Secure 2.0.1 standard from the EMVCo consortium, but without dependence on the patents of these international payment systems.
Compass Plus was amongst the first vendors to achieve acquiring and issuing certification for the new payment system from the NSPC and is now one of the first for MirAccept 2.0. Center-invest Bank, Moscow Industrial Bank and a number of additional Compass Plus customers are currently preparing to launch pilot projects using this new platform.
“Participation in this project is an opportunity for Compass Plus to be among the first to support the newest standards in e-commerce, to develop our existing systems and implement new products and services,” said Alexei Parshin, Chief Payments Technology Officer at Compass Plus.
“In the development and implementation of remote banking channels, the challenge lies in prioritising information security while ensuring ease and convenience in using electronic payment methods,” said Yuri Bogdanov, Director for Innovation at Center-invest Bank. “The sophisticated development of MirAccept 2.0 is a unique combination of increased payment security with a reduced test load on the customer. Participating in the pilot launch of such technology is a great honour for us, and we are grateful to Compass Plus for supporting its implementation.”
Established in July 2014, the National System of Payment Cards (NSPC) is the operator of the Mir National Payment System with the Central Bank of the Russian Federation as the sole shareholder. The development of the National Payment System plays a key role in ensuring the sovereignty of the Russian national payment industry, and guarantees the secure and uninterrupted processing of domestic transactions made with Russian bank cards.
Established in 1992 in Rostov-on-Don, Center-invest Bank is the largest regional bank in southern Russia. Center-invest Bank provides a wide range of banking services to individual customers and businesses in the region in accordance with international standards. The bank’s shareholders include the European Bank for Reconstruction and Development, German Investment and Development Corporation DEG, and Erste Group Bank AG. Center-invest bank has 133 branches and offices in the Rostov and Volgograd regions, Krasnodar and Stavropol territories, Nizhny Novgorod, as well as a representative office in Moscow.
Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions and payment service providers meet rapidly changing market demands. Our diverse customer base spans retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With more than 25 years’ experience, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers.