Oberthur Technologies released its supply of White Label Independent Secure EMV (WISE) Solution to SIX Payment Services, one of Europe’s largest card transaction processors and market leader in Switzerland, Austria and Luxembourg, in the framework of the EMVI’16.
EMVI’16 new chip specification, on behalf of Swiss debit card issuers, facilitates the transition from contact to contactless payment in line with growing customer demand for mobility, frictionless and convenient payment.
Already announced in 2014, the partnership between OT and SIX Payment Services takes on a new dimension with the delivery of OT’s WISE Solution from 2016 to 2020.
WISE by OT is a comprehensive offer with solutions based on common standards, enabling cost reduction associated to card issuance and processing, as well as optimal flexibility for managing a card portfolio.
OT provides its contact-only and dual interface solutions according to EMVI’16 specifications of SIX Payment Services, featuring EMVCo CPA (Common Payment Application) and, in order to in fine offer Swiss end-users with the convenience of contactless technology simply by waving their payment card in front of a contactless terminal, MasterCard PayPass and Visa VCPS.
WISE stands for White Label Independent Secure EMV. This comprehensive offer is dedicated to private label (petrol, retail, etc.) or domestic Payment Schemes wishing to migrate existing card estates from magstripe to EMV, or launch chip card programs from scratch.
For a complete archive of more than 70,000 articles published since 1995 search the CardFlash.com library.