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Sunday 16 December 2018


solarisBank selects SIA for e-payments

Written by Anthony Strzalek

German banking platform solarisBank has selected electronic payments firm SIA to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions.

As part of the agreement SIA’s technology platform will manage the processing of transactions made using payment cards issued by solarisBank for its clients.

The infrastructure supporting the launch of new NFC debit cards will include an advanced service for the prevention and management of fraud, disputes and chargebacks. Among the innovative functions, there is also the 3D secure authentication tool for all online transactions and soon the possibility for the owner to manage the configuration of his or her cards in a simple manner via internet.

SIA will also shortly make available to solarisBank more products and services like payment cards in other currencies and issuing in various countries.

Jörg Howein, chief product officer of solarisBank, said: “With its experience and know-how, SIA is a great partner for solarisBank to launch state of the art payment cards. The partnership is representative of our approach of including first-class companies on our banking platform.

“We’re excited to start serving our partners with our new card product and look forward to expanding our partnership with SIA into the development of further electronic payment solutions.”

Cristina Astore, director of SIA’s international division, added: “We are especially proud of the agreement with solarisBank which represents a further confirmation of our role as trusted technology partner in Germany, where we have already realised significant projects with major financial institutions.”

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