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Multifunctional payment card recognised in innovation awards

Published by Gbaf News

Posted on May 4, 2013

2 min read

· Last updated: September 24, 2024

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PaschiCombo Card Receives Major Recognition

SIX Payment Services and Banca Monte Paschi Belgio win “Highly Commended” FSTech Award

An independent jury has presented Banca Monte Paschi Belgio (BMPB) and SIX Payment Services (SIX) with the FSTech „Highly Commended” award, in recognition of the PaschiCombo card, the world’s first dual Maestro (debit) and MasterCard (credit) display card with contactless payments functionality and an added one-time password generator for secure e-commerce.

Background on the FSTech Awards Event

The FSTech awards are an annual event, held by leading financial magazine, FSTech. The judges described the entry of BMPB and SIX as “a ground breaking project that deserved recognition”.

Innovative Technology Powering PaschiCombo

SIX, a leading provider of innovative solutions along the entire value chain of cashless payments, is providing the payments technology behind Banca Monte Paschi Belgio’s leading new card product: the PaschiCombo. This product allows customers to benefit from greater simplicity, more space in their wallet and enhanced security levels compared to regular card products.

Industry Leaders Praise Award Achievement

Jean-Marc Fandel, Head Financial Industry Services at SIX Payments Services said of the accolade: “The special jury award at the FSTech Gala recognises the need for innovations that bring a real value to the customers. I am very proud of this award and of SIX’s role as BMPB’s technology partner on this exciting product.”

Dino Albanese, member of the Management Committee at Banca Monte Paschi Belgio, adds: “We may be the oldest bank in the world today, but we also want to be the most innovative.”

 

 

 

 

Key Takeaways

  • PaschiCombo is the world’s first card combining debit (Maestro) and credit (MasterCard) with display and contactless in one.
  • The card includes a one-time‑password generator for secure e‑commerce, enhancing security and convenience.
  • SIX Payment Services provided the payment technology; Banca Monte Paschi Belgio and SIX received the FSTech ‘Highly Commended’ award.
  • Judges called the project “ground breaking,” recognising value‑add innovation for customers.

References

Frequently Asked Questions

What is the PaschiCombo card?
A multifunctional payment card combining Maestro debit, MasterCard credit, contactless payments, and a display‑based one‑time‑password generator.
Who developed PaschiCombo?
Banca Monte Paschi Belgio partnered with SIX Payment Services, who provided the payment technology behind the card.
What award did the card receive?
It earned the “Highly Commended” award at the annual FSTech Awards, judged as a groundbreaking innovation.
What benefits does PaschiCombo offer?
It offers simplicity, fewer cards in wallet, and stronger e‑commerce security through on‑card OTP generation.

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