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Compass Plus helps PrivatBank achieve record processing performances

April 1, 2013

Compass Plus, a provider of software for processors and financial institutions, has announced that PrivatBank, Ukraine's largest FI, has achieved outstanding results using a processing center built on the TranzWare platform from Compass. The system recorded nearly 12 million transactions in one day, the company said.

On Dec. 24, 2012, the FI's processing center marked its peak transaction load at 456 transactions per second, 18,899 transactions per minute and more than one million transactions per hour.

These results were achieved using a single IBM Power 770 server with 64 cores, 58 of which were allocated to TranzWare Online. The software is configured to authorize transactions (including EMV) from more than 31 million bank-issued cards, at the same time running an acquiring network of 100,000 POS terminals and 8,600 ATMs.

The bank's retail strategy is to double transaction load year over year, said Alexander Androsov, head of PrivatBank's processing centre. "The virtualization of application servers and authorization system databases on a single server has allowed us to significantly enhance the reliability and agility of the network interconnection between the systems. It has also enabled us to redistribute the server resources, if required, between several virtual application servers and front system databases when needed."

"Anyone can quote impressive [transactions per second] figures, but financial institutions need to keep in mind that there are hidden costs associated with performance," said Andrey Chirkov, vice-president at Compass Plus.

"The cost per transaction is the best financial measure to compare overall operating costs as a clear indicator of overall performance in relation to financial input. As PrivatBank's customer base continues to grow exponentially, they continue to produce record-breaking performance figures using modest hardware, which is a clear testament to the scalable processing capabilities of the TranzWare suite."

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