SIX Payment Services wrapped up 2012 having completed several strategic partnerships and projects. Global revenue grew substantially and, as a result, the company ranked 46th on the list of financial technology companies judged by IDC Financial Insights’ FinTech 100, a jump of more than 20 places from 2011.

SIX Payment Services won several financial service organisations as new clients in 2012. For the past 12 months, it has been working with Raiffeisen Bank International, an Austrian corporate and investment bank, building CardMobile, a mobile payments solution enabling contactless payments via smartphones. The company also supported Belgium bank, Banca Monte Paschi Belgio, with the creation of the world’s first dual debit and credit card with added contactless payment and e-commerce security functionalities. products.

2012 witnessed an emergent trend of banks outsourcing payments activities, in order to refocus on core business functions and client service. SIX Payment Services’ success in this space was recognised following Europe’s largest migration of a merchant and card portfolio with PayLife Bank, which saw the two companies snag the 2012 FStech Award for Outsourcing Partnership of the year.

A further win for its financial industry services arm saw the firm working with Belgian debit card scheme Bancontact/Mister Cash on a switching exercise which will result in the processing of the scheme’s SEPA compliant debit card transactions. In 2011, more than one billion transactions were processed under the Bancontact/Mister Cash scheme. The new switch infrastructure will be live mid-2013 and demands a reliable infrastructure to accommodate such a large volume of transactions which are inevitably set to increase during 2013.

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