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BankAmericard (Deutsche Bank) and Six Multipay sign a collaboration agreement for Cross-Border Acquiring
Italian companies now have the chance to harmonise the processing of credit card payments made abroad
Milan/Zurich (ots) - BankAmericard, the division of Deutsche Bank Group in Italy responsible for credit cards and payments, and SIX Multipay Ltd, the leading Swiss acquiring company, have signed a strategic agreement regarding the collaboration in pan-European cross-border acquiring.
This agreement will enable Italian companies with branches abroad to process, for the first time, all credit card payments from any branch or outlet in Europe via a single interface at SIX Multipay, meaning they no longer require a local provider in each individual country.
BankAmericard, first Italian provider to offer this cross-border service, works in conjunction with SIX Multipay in order to help its Italian clients to deploy state-of-the-art IT and processing systems with a view to enhance the cashless payment process at the point of sale.
The standard multi-language infrastructure from SIX Multipay smoothes business operations for customers of BankAmericard on the sales markets they serve in Europe.
"We're delighted with this partnership - says Orlando Renisi, Head of BankAmericard (Deutsche Bank Group) - It enables us to market a very innovative service. Not only does the agreement with SIX Multipay reinforce our leading position in the acquiring market in Italy, it also underscores our commitment to promoting our customers' activities in Italy and elsewhere. We want to respond promptly to the needs of our present and potential customers, helping them to optimise their cash flows and benefit from economies of scale."
"For SIX Multipay - adds Niklaus Santschi, a member of the SIX Multipay management team - the partnership with Deutsche Bank represents an important step as part of our internationalisation strategy. The European market is characterised by a high level of local dissimilarity. That's why it's so important to choose the right strategic partner. We can greatly enhance the quality and efficiency of the services we offer companies with international operations by leveraging the significant synergies between ourselves and Deutsche Bank."
BankAmericard, division of Deutsche Bank S.p.A. specialised in
credit cards and payment systems, was the first institution to issue
credit cards linked to Visa and since 1990 also to MasterCard. It
works in two businesses: issuing (personal, corporate and co-branded
credit cards) and acquiring. In 2008, the number of credit cards
issued by BankAmericard was 1.3 million (up 17% on 2007), with the
volume of purchases reaching EUR 2.8 billion (up 6.4% on 2007).
Positive results have similarly been recorded on the acquiring side,
where a business volume of EUR 2.3 billion represents a year-on-year
increase of 4.6%. BankAmericard also holds down a 25% market share,
thus reinforcing its leading position in the corporate segment. For
further information: www.bankamericard.it
SIX Multipay ensures the acceptance and smooth processing of card-based means of payment as a sales and marketing organization. With the card products VISA, MasterCard, JCB, V PAY, Maestro and the prepaid chip card CASH, SIX Multipay offers an intelligent cashless solution for any purchase amount. In addition to the acceptance of the leading payment cards, the acquiring company also makes possible foreign currency conversions at the point of sale (DCC), the loading of prepaid mobile telephone credits at payment terminals and the sale of GiftCards. SIX Multipay is not only the leading acquiring company in Switzerland, but also provides its services to companies throughout Europe. SIX Multipay is a subsidiary of SIX Group. On a worldwide scale, SIX Group offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial information and payment transactions. For further information: www.six-multipay.com
ots Originaltext: Six Multipay
Communications Italy - Press Office & Media Relation
Sec Relazioni Pubbliche e Istituzionali
Ufficio stampa Deutsche Bank PCAM
SIX Multipay AG
Bernhard Wenger, Media Spokesman