With the support of SIX Card Solutions, Raiffeisen Bank International AG (RBI) is continuing to pioneer payments innovation in Austria through the launch of CardMobile, the first mobile payments solution that allows for contactless payments via smartphones.
SIX Card Solutions will process the transactions on its innovative processing platform with the same level of security and reliability that is common with card-based payments.
SIX Card Solutions has been RBI's innovative partner since 2009, having also supported the introduction of contactless credit cards in Austria in 2011. The proven co-operation has now been renewed in another future-oriented project, with SIX Card solutions now enhancing its flexible innovative processing platform for the acceptance of mobile payments. It is now in a position to process payments that are executed via smartphones with the same speed, security and systems availability as traditional cards. In the future, SIX Card Solutions is also going to support the issuing of contactless cards based on VPay for RBI.
Gerald Kubu, Head of CardService at RBI, comments: "Pioneering work requires creativity, but also quality and speed in order to succeed in a complex environment. We wanted to be the first to launch mobile payments in the Austrian market. With a very short time to market and high commitment, SIX Card Solutions helped to make our project successful."
For card issuer RBI, SIX Card Solutions is now processing the entire range of card products: plastic-based credit and prepaid cards with PIN-choice, SMS service and individual card design as well as contactless credit cards and the recently added mobile payments.
Jean Marc Fandel, Head of Financial Institutions Services at SIX Card Solutions, expects this project to set a precedent. "We are proud to be able to implement exceptional products, such as the mobile payments offering for RBI, on our modern processing platform in unrivalled timeframes. This has given us the opportunity to further demonstrate that we are an innovative and reliable partner for financial institutions."