Xalq Bank implements TranzAxis payments platform

Tuesday 30 June 2020 09:17 CET | News

Azerbaijan-based Xalq Bank has launched the open development payments platform TranzAxis from Compass Plus

This software solution will allow the bank to expand the range of services and products provided to customers and respond to market changes. The joint project with Compass Plus, which sees the automation of back-office operations for managing cards and customer accounts, also gives Xalq Bank access to technologies and tools that will enable it to transform its card business, and develop new products and services.

During this project, the bank automated the processing of payment card transactions, including maintaining customer data, managing charges and limits and other card data; business logic and accounting for different types of cards, including the full cycle of servicing credit cards, and also provided automated interaction with third-party systems of both the bank and its partners. In addition, the new system has revised and optimised tools for accounting and analysis of the bank's terminal network.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Xalq Bank, banks, TranzAxis, Azerbaijan, payments , Compass Plus, software, cards, technology, transactions , data, network
Categories: Banking & Fintech
Countries: Azerbaijan
This article is part of category

Banking & Fintech