Raiffeisen Bank International (RBI) has joined
forces with payment technology company SIX Card Solutions to launch
the first contactless credit card in Austria.
The product uses MasterCard’s PayPass
technology which ensures all transactions are processed
rapidly and securely through the use of encrypted wireless
technology.
“We were able to set up this new product very
easily on our modern processing platform,” said Luc Holper, vice
president of issuing at SIX Cards Solutions.
“We are pleased to have been of assistance to
RBI with the issuing of the first contactless credit card in
Austria.”
The dual-interface technology on the
contactless credit card means secure payments are also possible for
larger amounts and the chip and PIN
functionality ensures the cards are compatible with ATM
machines.
This venture follows the partnership’s launch
of a prepaid card programme in Austria and Germany allowing
cardholders to benefit from PIN selection, card design and
secure payments on the internet.
