SIX PAYMENT SERVICES: TAKING CARE OF THE ENTIRE VALUE CHAIN OF PAYMENTS

Published : 11 years ago, on 07/10/2013

COMPANY NAME: SIX Payment Services

NATURE OF BUSINESS:
SIX Payment Services offers financial institutions and merchants secure, innovative solutions along the entire value chain of cashless payments. As one of Europe’s leading transaction processors, SIX Payment Services supports financial institutions with the end-to-end processing of their card and interbank payments.

With the latest IT infrastructure, SIX Payment Services not only ensures an efficient and secure transaction process between the cardholder, card issuer and merchant, but also provides a wide range of acceptance solutions and modular offerings. SIX Payment Services also offers integrated card processing for both card-on-site environments and online and mobile payments. The entire offering has been designed for worldwide application and also includes electronic invoice and direct debit processing. Offering optimal protection against abuse and risks, all services are based on the latest international security standards.

SIX Payment Services is a subsidiary of SIX Group. SIX Group offers first-rate services on a global scale in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.

LOCATIONS & MARKETS SIX PAYMENTS SERVICES OPERATES IN:
In 2012 2.7 billion card transactions passed through SIX. With around 1400 employees and clients spanning 33 countries, SIX Payment Services operates offices in Great Britain, USA, Sweden, Italy, Poland, Hungary, Austria, Germany, Luxembourg and Switzerland.

Specific sectors in which SIX Payment Services operates include cashless solutions in retail, e-commerce/ m-commerce, hospitality, parking and petrol stations.

KEY EXECUTIVES:

• Group CEO: Dr Urs Rüegsegger
• Group CFO: Dr Stefan Mäder
• CEO Payment Services: Niklaus Santschi

HISTORY OF THE COMPANY:
In 2008, three partners, SWS Group, SIS Group and Telekurs Group combined to create a strong company for the Swiss financial sector with a broad international client base.
In 2009 SIX Pay was launched as a subsidiary of SIX Group in Luxembourg and began offering cashless payment solutions in Europe. The cooperation with strategic partner CETREL played an important role in this venture.

The following year, SIX Pay was granted a PSD (Payment Services Directive) license by the Luxembourg financial supervisory authority (CSSF), meaning that it could offer its acquiring services throughout the EU. As such, SIX Pay began processing card payments from 27 European countries.

In 2011 the two divisions active in the area of payment transactions, Multipay (acquiring) and Cards and Payments (processing), were merged to form the Payment Services division.

In 2013, the company acquired PayLife, Austria’s leading merchant acquirer and credit card issuer. This move doubled the company’s merchant base and will account for one third of revenue in the future.

PRODUCTS / SERVICES OFFERED:
yomani AUTONOM is SIX’s latest stand-alone payment terminal for retail. The yomani has set a new benchmark for payment terminals. It completely meets the needs of major retailers – with stringent demands for efficiency and state-of-the-art technology. Key features include a separate card reader for contactless payments and payment via chip or magnetic stripe, a large-scale colour display and aUSB power supply.

In the mobile payments space, xentissimo MOBILE offers flexible wireless mobile payments, indoors, outdoors and on the go, while solutions for unattended payments, such as parking and petrol pumps include PRIMUS clever, which enables customers to pay small amounts without having to enter a PIN.

This is just a small selection of SIX’s product range. For more details please visit here.

CSR ACTIVITIES:
SIX offers a corporate volunteering program in Switzerland encouraging employees to get involved in projects for the benefit of disadvantaged people or the environment.
SIX is careful, efficient and pragmatic in its handling of natural resources. The company tracks its energy consumption at all Swiss office locations, as well as the number of business flights, and the amount of paper used.

NOTEWORTHY PROJECTS:
In 2013, SIX Payment Services and Banca Monte Paschi Belgio won the Highly Commended award in the coveted FSTech Awards. In the same year SIX Payment Services and Diners Club Italy signed a long-term merchant acquisition agreement.

WEBSITE: https://www.six-payment-services.com/EN/Pages/_home-en.aspx?nc=635151986063493882