29 June 2017
download the report now

SIX renews Oberthur EMV relationship

04 September 2014  |  1961 views  |  0 Source: Oberthur Technologies

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".

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.www.fisglobal.comvisit www.finastra.comdownload the report now

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9396 views comments | 19 tweets | 38 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
9059 views comments | 10 tweets | 6 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7774 views 0 | 8 tweets | 8 linkedin
Mastercard eyes opportunities to profit from sharing economyMastercard eyes opportunities to profit fr...
7529 views comments | 6 tweets | 6 linkedin
Body blow for PayKey as Apple orders Westpac off its turfBody blow for PayKey as Apple orders Westp...
7168 views comments | 12 tweets | 14 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job