|By Business Wire||
|September 4, 2014 04:28 AM EDT||
Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, today announced the extension and the strengthening of the partnership started in 2010 with SIX Payment Services, Switzerland’s leading card processor. OT will develop and supply next generation chips for debit and bank cards, to Swiss banks, from 2016 to 2020.
SIX Payment Services releases a new chip specification on behalf of the Swiss debit card issuers every four years, followed by the evaluation of two suppliers. OT was selected in 2010 to develop and supply EMVI’12 chips from 2012 to 2016. The new product generation, called EMVI’16, will be issued from 2016 till 2020 and will be based on the specifications of EMVCo CPA (Common Payment Application), MasterCard PayPass and VCPS (Visa Contactless Payment Specification).
EMVI’16 will enable the Swiss banks as well as international issuing processing customers of SIX Payment Services to offer Contactless payments on top of standard debit, credit and e-commerce functionality for MasterCard and Visa brands, enhanced by SIX Payment Services’ proprietary functionalities at the choice of the issuers.
“We are very pleased to renew our partnership with SIX Payment Services for this new EMVI’16 generation” commented Eric Duforest, Managing Director of the Payment Business Unit at Oberthur Technologies. “This demonstrates our commitment to the Swiss banking market. This state-of-the-art product will enable banks to propose an enhanced value proposition to their cardholders, including the convenience of contactless payment”.
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smartphones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including close to 700 R&D people. With more than 50 sales offices across 5 continents and 10 facilities, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com
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ABOUT SIX PAYMENT SERVICES
SIX Payment Services offers financial institutions and merchants secure,
innovative services along the entire value chain of cashless payments.
Our tailor-made solutions include settlement of domestic and
international card and interbank payments. One of Europe’s largest card
transaction processors and market leader in Switzerland, Austria and
Luxembourg, SIX Payment Services ensures that card-based payments in
Switzerland and abroad are accepted and processed. Additional services
range from Swiss Interbank Clearing to electronic billing and direct
With around 1,200 employees and 14 locations worldwide, SIX Payment Services supports clients in 33 different countries.
SIX operates Switzerland’s financial market infrastructure and offers on a global scale comprehensive services in the areas of securities trading, clearing and settlement, as well as financial information and payment transactions. The company is owned by its users (approximately 140 banks of various size and orientation) and, with its workforce of more than 3,700 employees and presence in 24 countries, generated an operating income of 1.58 billion Swiss francs and a Group net profit of CHF 210,2 million in 2013. www.six-group.com
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