25 October 2016
Visit www.dh.com

SIX renews Oberthur EMV relationship

04 September 2014  |  1844 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)
Find out moreVisit www.dh.com

Top topics

Most viewed Most shared
Barclays and Citi test blockchain tech for equity swaps processingBarclays and Citi test blockchain tech for...
8794 views comments | 26 tweets | 19 linkedin
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
8422 views comments | 33 tweets | 37 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8098 views comments
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
7626 views comments | 12 tweets | 27 linkedin
ING takes fintech startup route to UK relaunchING takes fintech startup route to UK rela...
7371 views comments | 29 tweets | 23 linkedin