Compass Plus Launches Online Gateway

May 5, 2011

Compass Plus, a St. Louis-based provider of electronic payments systems to banks, has launched a new online payment gateway. The company said the TranzWare Online Universal Payment Gateway contains functionality that enables banks to accelerate the development of interfaces in-house, streamlining operations, reducing development costs and speeding time to market. “Traditional financial institutions are being challenged by new entrants into the payments space to deliver the latest features and services to customers quicker,” said Doug Varble, vice president of North American at Compass Plus. “To compete, financial institutions need to expand their interface options with a wider range of existing and new systems. The addition of the Universal Payment Gateway within TranzWare Online provides our customers with the agility and flexibility to stay one step ahead of the market.” The Universal Payment Gateway is part of TranzWare Online, which provides financial institutions and payment processors with the ability to switch, route, authorize and manage electronic payments from multiple devices and delivery channels on a single platform.