Launching Instant Issuance solution
Compass Plus, global payments software provider, is launching its Instant Issuance solution based on TranzAxis, its specialist open development banking platform (view press release). The solution enables financial institutions to issue EMV and magstripe cards in-branch and aims to offer advantages including speed and convenience, increased card activation rates and decreased distribution costs.
Compass Plus has also embarked on a project with Mühlbauer to promote TranzAxis in the global market while enabling Mühlbauer to expand its business into the banking sector.
Maria Nottingham, chief marketing and public relations officer at Compass Plus, said: “We are very excited to see more and more applications being developed on our new open development banking platform, TranzAxis, launched in November 2011. The TranzAxis Instant Issuance solution is another great example of how the platform’s extensive capabilities can be utilized quickly to develop new fully customizable applications fit to serve an array of geographic markets and industry sectors.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
