Home News & events Press Releases 2008 Compass Plus wins the tender to create a processing system for Kapital Bank


Kapital_BankCompass Plus out rivaled competition from eight other companies winning the tender to create a processing system for Kapital Bank. According to the Chairman of the Board, Rauf Rzаev, the system will initially serve internal operations of the bank, however in the future it will be possible to connect to other banks. After the creation of its own in-house processing system, Kapital Bank will no longer use the services of Azerbaijani processing companies.

“Our in-house system will power 2.5 million cards, 550 ATMs, 5000 POS-terminals and 200 Information kiosks and will be two times stronger than current processing centres in Azerbaijan in terms of functionality.” Quoted Rauf Rzaev at his own press conference on 23 February 2008.

Currently, decisions over system configuration and equipment required are being reached after which installation will begin as well as the testing process which will be achieved through VISA International. The commercial launch of processing system is planned for June 2008.

Joint Stock Company ‘Kapital Bank’ has an extensive and rich history in Azerbaijan and is also the Republic’s largest bank in terms of branch network. At present the bank has 88 branches. The bank is a principal member of the MasterCard Europe and VISA International payment systems.

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