Home News & events Press Releases 2006 Hipoteku Banka certified in EMV for Maestro and MasterCard Issuing



hipoHipoteku Banka (Mortgage and Land Bank of Latvia, Riga, Latvia) with the technical support from Compass Plus have been successfully certified in the EMV for Maestro Issuing, EMV for Mastercard Issuing and EMV for POS Acquiring programmes at Mastercard. The certification process for the EMV ATM Acquiring programme is also underway and when completed this will establish the bank as a fully certified issuer and acquirer of cards under the brand of Mastercard.

Hipoteku Banka have been with Compass Plus for over two years and it currently runs its card business on several products from Compass Plus, including TranzWare CMS, TranzWare Online, TranzWare Point of Interaction, TranzWare e-Commerce and TranzWare Card Factory.

The three main operational directives of Hipoteku Banka are lending to small and medium-sized enterprises, initiating legislation and issuing mortgage bonds and providing retail banking services on a commercial basis to customers all over Latvia.

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