Home News & events Press Releases 2008 IT Consultants connects Uttara Bank to processing centre built on TranzWare


ITCIT Consultants (ITC), Bangladesh, has connected its fifteenth customer, Uttara Bank, to its processing centre built on Compass Plus’ TranzWare products. Established in 2000, IT Consultants is one of the leading companies in the Bangladeshi payment technologies market. The IT Consultants processing centre has run on TranzWare products since 2003. The main reason for choosing Compass Plus solutions was the wide, continuously updated functionality of the product line, as well as the reliability and simplicity of the processing centre set up, which has enabled the company to take the leading position in the Bangladeshi market within a very short period of time. Currently, ITC renders direct services on debit card issuing and the management of ATM and POS terminal networks for 15 out of 50 banks in the country, serving approximately 120 ATMs, more than 500 POS terminals and 50 self-service terminals. In the instance of Uttara Bank, IT Consultants will provide processing services, back office for debit cards and also additional services such as SMS banking, credit functionality and more.

Dr. Kazi Saifuddin Munir, Managing Director and CEO of IT Consultants said of this news: “Today IT Consultants are the recognised leaders in automated transaction processing in Bangladesh. We adhere to the client-focused approach aimed at constant improvement of our services and increasing our customers’ profits. Compass Plus solutions implemented in the processing centre allow our customers to receive clear competitive advantages thanks to the multitude of modern and innovative services. IT Consultants always rely on the technological effectiveness and creative approach to business. Our acquiring network - Q-Cash based on the TranzWare solutions is the best choice for implementing any banks projects. It is no surprise that more and more banks choose IT Consultants as the supplier of processing services in this region.”

IT Consultants has been a Compass Plus customer since 2003 and provides processing services to 15 banks, processing 70% of the banking transactions in Bangladesh. The company offers a suite of integrated banking products that includes ATM management, POS and merchant systems, card personalisation, credit and debit card systems and an exclusive Islamic Credit Card Management system for Bangladesh. Today IT Consultants is an authorised distributor of Compass Plus software.


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