France-based Oberthur Technologies (OT) reports its selection by QUI! Group in Italy to provide MasterCard smart payment cards to dematerialize luncheon vouchers.
QUI! Group decided to innovate by providing consumers with smart payment cards in order to dematerialize traditional paper vouchers and optimize invoicing and administration processes for merchants for faster reimbursement.
OT has been selected to provide the payment cards and to personalize them. Thanks to these cards, consumers will no longer need to use paper luncheon vouchers; they will remotely load money into their specifically designed reloadable prepaid banking cards and use them to pay in the same way as they use their personal payment cards issued by banks.
QUI! Group is an Italian leading company in meal voucher industry for corporate and social welfare, in payment systems and Loyalty industry. In 2014 the company reached a turnover of 610 million Euros; QUI! Group has more than 20 million of registered users in its services and handles over 15 million of digital transactions per year. The commercial network of QUI! Group has 150 thousand affiliated merchants to its services.
In the last four years the Research & Development Group investments reached over 15 million Euros, and the Group created different partnerships with Italian universities, such as Turin, Trento, Salerno and Genoa.
Last year the Bank of Italy authorized QUI! Financial Service, the financial institution of the Group, to work as a ELMI, allowing it to issue prepaid cards and financial services.
For data, background and forecasts on Oberthur Technologies: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).