Multicard, a subsidiary of global identification-based technology company Identive Group, has established a partnership with Dutch financial services provider Rabobank.

According to the agreement, Multicard will provide the bank with product delivery, encoding and customer support services for the implementation of the latter’s MiniTix cashless e-payment solution. The service is designed to allow Rabobank employees to make cashless payments using e-payment stickers attached to their mobile devices.

Rabobank's MiniTix payment option represents an alternative to the "chipknip" electronic cash system currently used throughout the Netherlands. Like chipknip, MiniTix is intended for small retail payments where credit card fees do not make economic sense. The MiniTix virtual wallet can be managed online rather than having to be loaded with value at special banking terminals. Payments can be made using a mobile phone or a contactless token such as a key fob or wristband.

Currently, Rabobank enables its employees to use their MiniTix accounts to make purchases at canteens and cafeterias in the workplace. However, in time the bank intends to enroll in the program additional merchants and facilities such as football stadiums.