Under the terms of the agreement, Gemalto has supplied technical support during the launching phase and assisted the bank in upgrading its personalization infrastructure. The project, developed in collaboration with MasterCard, is initially set to be deployed in the Milan area. Intesa Sanpaolo plans to extend it nationwide while upgrading the POS terminal base.
The Gemalto technology provides Intesa Sanpaolo customers to carry out purchases worth up to EUR 25 by tapping their PayPass cards on a reader. Eleven brands of national or European relevance with a presence in Italy’s major cities, spanning from fast food restaurants and supermarkets to sports and home improvement stores, will provide acceptance points. Hundreds of smaller merchants are also expected to join in the program as it unfolds.
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