ST. LOUIS--(BUSINESS WIRE)--Compass Plus, an international provider of retail banking software and electronic payments systems to financial institutions, announced the availability of the TranzWare Online Universal Payment Gateway.
The TranzWare Online Universal Payment Gateway enables financial institutions and other payment processors to quickly build interfaces, if not already available from Compass Plus’ extensive library, for the connection to payment or billing applications in an efficient, secure and seamless manner. The new functionality accelerates the development of interfaces in-house, streamlining operations, reducing development costs and speeding time to market. As a result, TranzWare Online goes beyond customization and makes financial institutions more agile by empowering them to extend interfaces and deliver new services and features to customers.
“Traditional financial institutions are being challenged by new entrants into the payments space to deliver the latest features and services to customers quicker,” said Doug Varble, vice president of North American at Compass Plus. “To compete, financial institutions need to expand their interface options with a wider range of existing and new systems. The addition of the Universal Payment Gateway within TranzWare Online provides our customers with the agility and flexibility to stay one step ahead of the market.”
The Universal Payment Gateway is part of TranzWare Online, which provides financial institutions and payment processors with the ability to switch, route, authorize and manage electronic payments from multiple devices and delivery channels all on a single platform. In addition, the product offers an extensive built-in library of more than 50 host-to-host interfaces and enables end-to-end terminal driving and monitoring.
About Compass Plus
Compass Plus, an international provider of electronic funds transfer (EFT) and payments technology, with a North American office based in St. Louis, specializes in the development of software for building, implementing and managing retail banking systems, including payment card and bank account management, fraud detection, transaction processing, mobile and electronic commerce and other systems necessary for developing and running electronic payment projects. The company serves over 100 customers in 26 countries.