Under the new agreement, the drugstore chain will be relying on the e-money institution for card acceptance services for OLV (online direct debit), MasterCard and Visa acquiring, as well as the processing of American Express transactions.
Rossmann has been running its network operations in cooperation with easycash since 2004. Until now, the girocard debit card PIN method has been used. As of 2013 onwards, Rossmann customers will also have the option of signature-based payment for their purchases as the company introduces easycashs OLV acquiring alongside girocard debit card payments.
In recent news, easycash has received a license to provide e-money services from the German Federal Financial Supervisory Authority (BaFin).
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