News

Compass Plus wraps first phase of ATM switch, processing migration for major Indonesian bank

The project for Bank Tabungan Pensiunan Nasional marks the entry of the payments software and services provider into the Indonesian market.

July 21, 2014

Compass Plus, a provider of retail banking and electronic payments software to processors and FIs, has announced its first customer in Indonesia. Working with its in-country distributor, PT Infogram Telemedia, Compass Plus has completed an e-channel switching project for Bank Tabungan Pensiunan Nasional, Indonesia’s leading commercial bank, according to a news release.

BTPN migrated its legacy switch and card processing platform to the TranzWare product suite from Compass Plus. The first phase of the project, which went live in April, saw the bank implement a range of products to support their magstripe card issuing, ATM management and card personalization.

BTPN also migrated local ATM shared connections with interbank network providers Prima and ATM Bersama as part of the project. The second phase will see the bank issue EMV cards to its customers following the requirement passed down by the Central Bank of Indonesia to comply with the National Standard Indonesia Chip Card Specification by the end of 2015.

"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," said the bank's IT director Kharim Siregar. "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 met with the bank’s requirements. We went live with TranzWare in April 2014 after a six 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."