RZB taps Cetrel for pre-paid card programme

Source: Six Group

Raiffeisen Zentralbank Österreich AG (RZB) the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, selected Cetrel S.A., part of Six Group, as a card issuer processor for its first reloadable prepaid card program named Reload Card.

RZB's product offers new features in the Austrian Market. "We were looking for a recognized, flexible and creative industry player to help RZB bring our innovative product to life. This partner we found in Cetrel S.A.", summarizes Günther Gall, Head of RZB Transaction Services.

"It was a pleasure to work with a partner pushing the frontiers of traditional prepaid cards. RZB is a very important client for Cetrel S.A and an excellent reference to grow a larger footprint in the German speaking markets" comments Jean-Marc Fandel, CEO Cetrel S.A.

The RELOADTM Card is a VISA prepaid card and is worldwide accepted in all VISA online terminals. The cardholder can customize the card and have a picture of his choice as a layout for the card. In addition, while ordering the card the PIN can be freely selected in advance. SMS alerts informing the cardholder are automatically generated when the available amount on the card falls under a predefined limit or when purchasing transactions are refused due to a too low available amount. With this help the cardholder gets regularly reminded to reload his prepaid card.

"Indeed the combination of a prepaid card with the additional features like picture card technology, PIN choose, SMS alerts makes it an outstanding product in the Austrian market", comments Luc Holper, Vice President Issuing Cetrel S.A.

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