SIX Payment Services, in partnership with Hypothekarbank Lenzburg, a regional universal bank with 13 branches in the southeast of the canton of Aargau, has launched contactless V PAY debit card in the Swiss market.
SIX, which facilitated the changeover and helped Hypothekarbank to replace all Maestro cards with a dual interface V PAY card, will support the bank with a comprehensive package covering issuing processing and chip consulting.
The dual card with chip and antenna that can be used for both contact and contactless payments will expand its reach across Switzerland with SIX acting as a link to the Visa Card Scheme and the card personalizer.
Hypothekarbank project manager for V PAY André Renfer said: "The contactless V PAY debit card is an innovative and financially attractive product. Being a small bank makes us very agile, since banking, development and operations are all under one roof. But when it comes to setting standards, we rely on the partnership and expertise of SIX."