SwitchMaster is a Russia-based payment processor which was established in Moscow in the fall of 2011. The processor has run on the TranzAxis open development payment platform from Compass Plus since its formation and recorded its first performance peak, in the first 10 days of February 2013, registering over one million transactions. SwitchMaster’s main focus is to provide emerging innovative payment services to the financial industry and as such, decided that TranzAxis, with its advanced technological capabilities, was the perfect partner to enable the vision.
Neyva Bank was established based on ComNeyvaBank which was founded over 50 years ago. In 2009, a new team of manager and specialists with extensive experience of the banking sector joined the operation and began a complete overhaul of the bank’s infrastructure under the new Neyva Bank.
The project to launch Neyva Bank was incredibly ambitious and innovative, requiring a platform that was not only reliable, but easily customisable so the bank could develop and implement new products and services quickly.
Global Processing Centre is the third largest processor in the Caribbean region. It embarked on its payment processing journey in 2007, initially servicing clients requiring private label and branded prepaid card products.
GPC decided to upgrade their platform to enable them to considerably expand their transaction processing portfolio, to include not only prepaid products, but also credit and debit products, as well as POS, ATM, e-Commerce acquiring and alternative payments solutions.
Klarna, founded in Stockholm in 2005 to simplify the buying process over the internet, are a leading online payment provider and one of Europe’s fastest growing, most exciting companies. Klarna are active in 18 markets across the globe and work with more than 65,000 merchants.
The project aimed to support further global expansion, future proof the business through the implementation of an open platform, and provide a flexible and customisable third party solution that would enable quick and easy system development.