PrivatBank Gets Top Transaction Processing Results with Compass Plus
Mar 11, 2013 (Close-Up Media via COMTEX) --
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.
On Dec. 24, 2012, Compass Plus reported that 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," said 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," said 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."
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