Home News & events Press Releases 2008 KOLTSO URALA goes live with TranzWare Fraud Analyzer


kolco_uralaBank KOLTSO URALA ‘went-live’ with Compass Plus’ comprehensive bank card fraud monitoring and prevention solution TranzWare Fraud Analyzer with a view to address the globally prevalent issue of reducing fraudulent bank card operations.

Olga Sharafeeva, Head of Card Project Development Department at Bank KOLTSO URALA said: «In choosing TranzWare Fraud Analyzer as fraud prevention software the Bank considered the following:

  • ability to integrate the product without additional modifications to the Bank’s processing centre software platform;
  • comprehensive set of implementation, support and training services;
  • ability to process a large volume of transactions;
  • ability to independently set transaction analysis rules;
  • strict access rights and responsibilities control for product operators.

And last but not least the goodwill and well established business relationship between Bank KOLTSO URALA and Compass Plus played an important role in the Bank’s choice of software." 

Bank KOLTSO URALA became the 17th user of TranzWare Fraud Analyzer. Thanks to these credentials the system was installed within the shortest period of time – just two weeks.

TranzWare Fraud Analyzer is a robust analytical system enabling quasi-online transaction and action monitoring with the aim of fraud prevention and risk management. The system is business rule based and can effectively monitor extra-large flows of data and can also be used to detect other fraudulent actions, such as money laundering.

Bank KOLTSO URALA continues to thrive in its field with Compass Plus solutions. As the Bank already features a broad spectrum of the TranzWare product family, including TranzWare CMS, TranzWare Online, TranzWare e-Bank and TranzWare Card Factory, the new addition marks the second year of this successful alliance.

Bank KOLTSO URALA is an Associate Member of the VISA payment system and an Affiliated Member of the MasterCard payment system. The volume of bank cards in circulation is continuing its dynamic growth and to date the Bank has issued over 65,000 bank cards. In addition, the terminal network is also steadily increasing with over 65 ATMs and around 70 POS terminals.

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