UK based payments software provider Compass Plus has introduced its new Instant Issuance system, which is based on its specialist open development banking platform, TranzAxis.
Designed to assist financial organizations optimizing their overall issuing process, the new technology facilitates them to offer EMV and magstripe cards in-branch without taking much time.
Implementation of the new issuance system offers speed and convenience, increased customer loyalty and card activation rates and decreased distribution costs, claims the company.
Compass Plus chief marketing and public relations officer Maria Nottingham said the new issuance technology can be exploited to develop new fully bespoken applications, suitable to serve numerous markets and industry sectors.
The company has also teamed up with Muhlbauer with a strategy to promote TranzAxis in the global market as well as expand its partner’s business into the banking sector, especially in instant card issuance.
In addition to supporting Muhlbauer series of equipment, TranzAxis Instant Issuance also supports Evolis, CIM, DataCard, Matica and HID Fargo Printers line.
Compass Plus offers comprehensive, integrated and flexible software and services to retail banks, processing centres, among others in Europe, Asia, Africa, the Middle East, and North & South America.