Home News & events Press Releases 2008 Atlasmont Banka (Montenegro) launches issuance of EMV cards based on TranzWare




atlasmont-banka-logo_banner1Atlasmont Banka (Montenegro) is launching its project on the issuance of EMV cards based on Compass Plus’s solution TranzWare Card Factory. TranzWare Card Factory is a contemporary solution for card personalisation and issuance. Using the TranzWare Card Factory solution makes it possible to considerably decrease costs connected with fraudulent activity, increasing the level of security during card transactions.

The EMV project will also allow Atlasmont Banka to use different chip card applications in the future, such as loyalty programs for various spheres. Currently, work into the launch of this project has been initiated.

Atlasmont Banka is launching the project in collaboration with both Compass Plus and Zeta Systems, who will both help to perform the installation and customization of the products and solutions and will conduct the necessary consultations throughout certification.

In the near future preparations for certification of the EMV project under the Mastercard label will begin.

Atlasmont Banka is a successful, rapidly developing bank of Montenegro. It is the first and only financial institute in the country, issuing both Visa and Mastercard credit cards. To date, the bank has issued over 23000 cards. Atlasmont Banka is an associate member of the Visa payment system and an affiliate member of the Mastercard payment system.

Zeta Systems provides the delivery and servicing of automatic teller machines, POS terminals, kiosks and other bank equipment for financial institutions in Montenegro.

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