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SIX Payment Services, Banca Monte Paschi to develop the PaschiCombo card

Wednesday 21 November 2012 11:28 CET | News

Luxembourg-based processor of card-based payments SIX Payment Services and financial institution Banca Monte Paschi Belgio (BMPB) have worked together to develop the payments processing technology behind the Maestro (debit) and MasterCard (credit) display card with contactless payments and secure e-commerce functionalities.

Available to cardholders in Belgium since early November, the PaschiCombo card combines three key functionalities:
• Integration of both debit and credit card capabilities onto a single card using one chip;
• Enablement of NFC transactions via the PayPass contactless payments platform;
• Built-in passcode display screen, generating individual number sets for 3D secure e-commerce transactions
SIX Payment Services provides integrated card processing in both card-present and card-not-present environments.

Its services are used in hospitality, retail, parking, vending, e-commerce and card-not-present applications in North America, the Caribbean region, Europe, Middle-East, Africa and Asia-Pacific. The services include local or centrally hosted solutions, EMV solutions, end-to-end encryption, tokenization and back-office tools and functionalities.
 


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Keywords: SIX Payment Services, Banca Monte Paschi, card, e-commerce
Categories: Payments & Commerce
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Countries: World
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