Welcome!

IBM Cloud Authors: Zakia Bouachraoui, Elizabeth White, Pat Romanski, Liz McMillan, Yeshim Deniz

News Feed Item

Compass Plus Helps PrivatBank Achieve Record-Breaking Performance

Compass Plus, an international provider of electronic payments and retail banking software to processors and financial institutions, announced that one of its customers, PrivatBank, whose processing centre is built on TranzWare, has achieved outstanding transaction processing results, recording almost 12 million transactions in one day. On Dec. 24, 2012, the bank’s processing centre marked its peak transaction load at 456 transactions per second, 18,899 transactions per minute and more than one million transactions per hour. These results were achieved on a mid-range hardware* where TranzWare Online is configured to authorize the transactions generated from more than 31 million of the bank’s own active cards (including EMV), whilst also running an entire acquiring network consisting of 100,000 POS terminals and 8,600 ATMs.

“Our retail business development strategy is to double transaction load on the processing system year-on-year and we are confident that together with Compass Plus we will achieve this goal,” says Alexander Androsov, head of PrivatBank’s processing centre. “The virtualization of application servers and authorization system databases on a single server has allowed us to significantly enhance the reliability and agility of the network interconnection between the systems. It has also enabled us to redistribute the server resources, if required, between several virtual application servers and front system databases when needed.”

“Anyone can quote impressive tps (transaction per second) figures, but financial institutions need to keep in mind that there are hidden costs associated with performance, says Andrey Chirkov, vice-president, Compass Plus. “The cost per transaction is the best financial measure to compare overall operating costs as a clear indicator of overall performance in relation to financial input. As PrivatBank’s customer base continues to grow exponentially, they continue to produce record-breaking performance figures using modest hardware, which is a clear testament to the scalable processing capabilities of the TranzWare suite.

* PrivatBank is the first to deploy all databases and TranzWare Online (application) servers on a single IBM Power 770 server with 64 cores, in which TranzWare Online was allocated 58 cores.

About PrivatBank:

PrivatBank is the largest bank in Ukraine. Its national banking service network includes more than 3,000 branches across Ukraine. PrivatBank is the leading issuer and acquirer of payment cards in Ukraine and the Principal Member of VISA and MasterCard payment systems. As of January 2013 the bank has issued more than 31 million cards and installed more than 8,600 ATMs and 100,000 POS terminals in its servicing network. The TranzWare processing system is used for the processing of the PrivatBank Group banks as well.

www.privatbank.ua

About Compass Plus:

Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions meet rapidly changing market demands. Our diverse customer base spans over retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With almost twenty years experience, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers.

www.compassplus.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
This month @nodexl announced that ServerlessSUMMIT & DevOpsSUMMIT own the world's top three most influential Kubernetes domains which are more influential than LinkedIn, Twitter, YouTube, Medium, Infoworld and Microsoft combined. NodeXL is a template for Microsoft® Excel® (2007, 2010, 2013 and 2016) on Windows (XP, Vista, 7, 8, 10) that lets you enter a network edge list into a workbook, click a button, see a network graph, and get a detailed summary report, all in the familiar environment of...
IT professionals are also embracing the reality of Serverless architectures, which are critical to developing and operating real-time applications and services. Serverless is particularly important as enterprises of all sizes develop and deploy Internet of Things (IoT) initiatives. Serverless and Kubernetes are great examples of continuous, rapid pace of change in enterprise IT. They also raise a number of critical issues and questions about employee training, development processes, and opera...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...