Compass Plus Expands Its Presence in South East Asia With Bank Tabungan Pensiunan Nasional

  Compass Plus Expands Its Presence in South East Asia With Bank Tabungan
  Pensiunan Nasional

Business Wire

JAKARTA, Indonesia -- July 8, 2014

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

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 metwith the bank’s
requirements. We went live with TranzWare in April 2014 after asix 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.”

About BTPN:

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.


For Compass Plus
Bevin Wallace, 678-781-7230
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