Oberthur Technologies (OT) is set to provide its White Label Independent Secure EMV (WISE) solution to SIX Payment Services in the framework of the EMVI’16.
EMVI’16 is a new chip specification released by SIX Payment Services on behalf of the Swiss debit card issuers.
It will enable the Swiss banks and international issuing processing customers of SIX Payment Services to offer contactless payments on top of standard debit, credit and e-commerce functionality for MasterCard and Visa brands.
Under the deal, already announced in 2014, OT will deliver its WISE solution to SIX Payment Services from 2016 to 2020.
"WISE is comprehensive offer with solutions based on common standards, enabling cost reduction associated to card issuance and processing and optimal flexibility for managing a card portfolio," OT said in a statement.
OT will provide its contact-only and dual interface solutions as per the EMVI’16 specifications of SIX Payment Services, featuring EMVCo CPA (Common Payment Application).
As a result, Swiss cardholders will be able to make payment by waving their payment card in front of a contactless terminal, MasterCard PayPass and Visa VCPS.
OT managing director of financial services institutions business Eric Duforest said: "We are delighted to continue to serve SIX Payment Services to enable banks to offer added value services to their cardholders.
"Thanks to our leadership in global markets, OT is a reliable partner to answer specific requirements and needs of a given country, such as EMVI’16 in Switzerland."
SIX Payment Services managing director Andrej Eichler said: "Our partnership with OT has been ongoing for several years and we are happy to collaborate with OT to become a major and trusted stakeholder on our market.
"We are glad that our banking customers will be able to offer contactless payments to their cardholders who will make their shopping habits more convenient, quick and fun while remaining secure."