Migros Bank selects Six Card Solutions for processing

Source: SIX Card Solutions

SIX Card Solutions, the leading Swiss processor of credit, debit and customer cards, shall take on the complete processing for the new M-Card issued by the Migros Bank, starting October 2009.

The assignment includes both issuing and acquiring processing of the new debit card, which means the IT-supported handling of card issuing and the processing of card transactions. The new M-Card will be selectively available as a chip card with or without the Maestro function.

The M-Card has previously been in use as a Migros Bank account card and as a separate Maestro card. The Maestro function can now be directly integrated into the new M-Card. The range of use of the new M-Card with Maestro function thus expands worldwide to all ATMs and points of sale marked with the Maestro/MasterCard logo. SIX Card Solutions, formerly Telekurs Card Solutions, is prevailing against numerous domestic and foreign competitors with its comprehensive range of products and services. "Thanks to

SIX Card Solutions' comprehensive offer for issuing and acquiring processing, system complexity and the number of interfaces will be considerably reduced and thus the operating costs significantly decreased," states Stephan Wink, Member of the Migros Bank Executive Committee. "We are pleased that the Migros Bank has decided for our modern and high-performance processing platform," states Felix Aeschlimann, CEO of SIX Card Solutions, who goes on to add: "Our leading processing offer comprises the entire value creation chain in the field of payment & clearing and thereby enables our customers to achieve a substantial added-value."

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