DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Compass Plus, an international provider of innovative retail banking and electronic payments software to processors and financial institutions, announced the migration of Global Processing Centre (GPC) in Antigua, the third largest processor in the Caribbean region, to its open development payments platform, TranzAxis, in just three months. The project was implemented in conjunction with Worldwide Financial Systems Solutions (WFSS), Compass Plus’ distributor in the Latin American and Caribbean region.
The processor chose to migrate to TranzAxis in view of the flexibility and control the platform’s Service Oriented Architecture (SOA) will bring to their efforts to enable alternative payments in the region. TranzAxis has provided GPC the ability to offer more customer-centric support; whether for simple tasks or more complex, country specific projects.
The strategic vision of the GPC management team is to fulfil the more traditional payment processing needs, whilst enabling financial institutions, vendors, and end-users to participate in emerging alternative payments; including mobile and NFC payments, e-wallets and e-government solutions. The development toolbox that is provided with TranzAxis has enabled the processor to provide these solutions, bringing new products and services to the region. An example is the launch of SugaPay, an alternative payment system powered by GPC, which links a payment card to a mobile phone to offer cashless payment options for cardholders and merchants.
“From the moment I saw TranzAxis, I was sure that this was the solution we needed. In our region, systems are disjointed and the use of legacy architecture is prevalent, which can make integration with banks and third party systems more difficult. The Service Oriented Architecture of TranzAxis is invaluable as it gives us the flexibility we need to reassure our customers and third parties that integration will not be a problem, and I have yet to be proven wrong,” commented Justin Stuart-Young, COO at GPC. “Compass Plus specialists supported the GPC team throughout the project, ensuring that our specific aims were met, and continue to do so. In fact, I have been unable to find a situation where Compass Plus could not respond to a request with the exact solution I required.”
About Global Processing Centre:
Global Processing Centre, Ltd. has positioned itself as a bank neutral processor, providing a turnkey processing solution for financial institutions, their merchants and service providers. By integrating industry proven technologies and infrastructure with years of experience in the financial, operational, and compliance spaces, Global Processing Centre, Ltd. is equipped with gateways to Visa, MasterCard and UnionPay International and provides modern payment processing services to Latin American and Caribbean markets.
About Worldwide Financial Systems Solutions:
Worldwide Financial Systems Solutions (WFSS) is a US, Latin America and Caribbean based authorised distributor and integrator of software solutions from Compass Plus and other leading global software solutions providers. WFSS offers technological solutions designed for financial institutions, micro-finance, retail institutions and processors, with software solutions such as our smart financial core banking system, the full range of Compass Plus TranzAxis systems for payment (switch/EFT) and card management, Internet and mobile banking, industry leading fraud management and control and compliance solutions, business process management solutions, and Futurex security and encryption solutions. WFSS services client banks and processors in Venezuela, Mexico, Ecuador, Bolivia, Panama, Antigua, and other emerging markets. Its head office is located in Miramar, Florida and technical and support offices are located in Caracas, Maracaibo, Panama City, Mexico City, Bogota and La Paz.
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 25 years’ experience, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers.