VIENNA, Sept. 11, 2012
/PRNewswire/ -- Raiffeisen Bank International AG (RBI) together
with Raiffeisenlandesbank Oberosterreich has successfully launched
the contactless payment product, CardMobile, in Linz, Austria. This is the first mobile application
in Austria that enables convenient
and secure contactless payment without a bank or credit card at
attractive payment handling costs for low value items.
Since July, employees of Raiffeisenlandesbank Oberosterreich in
Linz have been able to make contactless payments with their mobile
phones at selected shops. Initial experiences and the feedback from
both the shoppers and the retailers are very positive.
"Retailers are especially pleased that with CardMobile they can
settle even very small amounts affordably," says Gerald Kubu, Head of Card Services at RBI.
"The consumers, on the other hand, enjoy the speed and convenience
of contactless payments, while they can monitor their purchases
through the CardMobile payment app on their phone. People are using
CardMobile on average three times a week for purchases with an
average value of € 4.20. The valuable experiences we are gaining
during the launch phase of CardMobile and the technologies used
will be incorporated in plans for further projects and rollouts on
mobile phone and other forms of payment such as cards."
RBI is collaborating with Visa Europe and Cardis International
as strategic partners for CardMobile. While Visa Europe provides
its expertise as a leading company for mobile contactless payment
solutions through V PAY, Cardis contributes its unique solutions
for low value payments. Pedro
Deserrano, Senior Vice President of V PAY at Visa Europe,
said of the successful implementation: "CardMobile
demonstrates the relevance of V PAY as a debit solution that meets
the specific needs of the Austrian market and is the first
realisation in Austria, in a
mobile phone, of Visa Europe's vision of the future of
payments."
For Nebo Djurdjevic, CEO of Cardis, CardMobile shows the
benefits of the Cardis LVP plug-in that makes low value payments
efficient and attractive for all participants in the payments value
chain. "This brings an opportunity for other market participants in
Austria to drive electronic
processing of every-day small cash purchases as the Cardis LVP
plug-in can be broadly used on many payment forms, including
cards."
Further information is available at:
www.r-card-service.at/cardmobile
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and
investment bank, and Central and Eastern
Europe (CEE) as its home market. In CEE, RBI operates an
extensive network of subsidiary banks, leasing companies and a
range of other specialised financial service providers in 17
markets.
RBI is the only Austrian bank with a presence in both the
world's financial centres and in Asia, the group's further geographical area of
focus.
In total, around 61.000 employees service about 14.2 million
customers through more than 3,100 business outlets, the great
majority of which are located in CEE.
RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank
Osterreich AG (RZB). RZB indirectly owns around 78.5 per cent of
the common stock, the remainder is in free float. RBI's shares are
listed on the Vienna Stock Exchange. RZB is the central institution
of the Austrian Raiffeisen Banking Group, the country's largest
banking group, and serves as the head office of the entire RZB
Group, including RBI.
For further information please contact:
Ingrid Krenn-Ditz (+43-1-71
707-6055, ingrid.krenn-ditz@rbinternational.com) or
Michael Palzer (+43-1-71 707-2828,
michael.palzer@rbinternational.com).
http://www.rbinternational.com, http://www.rzb.at
About Visa Europe
In Europe, there are 445
million Visa debit, credit and commercial cards. In the 12 months
ending September 2011 those cards
were used to make purchases and cash withdrawals to the value of
€1.7 trillion. 14% of consumer spending at point of sale in
Europe is with a Visa card, and
almost 80% of that is on Visa debit cards.
Visa Europe is owned and
operated by more than 3,700 European member banks and was
incorporated in July 2004. Visa
Europe is independent of global
Visa Inc., with an exclusive, irrevocable and perpetual licence in
Europe, while both companies
operate to ensure global interoperability. As a dedicated European
payment system Visa Europe is able to respond quickly to the
specific market needs of European banks and their customers -
cardholders and retailers - and to meet the European Commission's
objective to create a true internal market for payments.
Visa enjoys unsurpassed acceptance around the world. In
addition, Visa/PLUS is one of the world's largest global ATM
networks, offering cash access in local currency in over 200
countries.
For more information, visit http://www.visaeurope.com/
About V PAY
V PAY is the Chip- and PIN based debit card developed by
Visa Europe. Currently, banks in six countries are issuing V PAY
cards. With more than 19 million cards issued and a further 51
million cards confirmed, V PAY accounts for a third of all new
cards issued by Visa Europe member banks in 2011. V PAY cards are
accepted by 8.5 million merchants and at around 400,000 ATMs
throughout Europe.
About Cardis International
Cardis Enterprises International BV provides unique
solutions for processing of low value payments with game changing
cost efficiency. It aligns the interests of banks, payments schemes
and retailers in driving the global move to cashless payments with
significant economic benefits to their businesses.
Cardis' patented aggregation technology is available as a
software plug-in that integrates with existing payments products
and infrastructures to significantly reduce processing costs. It
supports all chip-enabled form factors including contact cards,
contactless cards and mobile phones, and all payment channels
including physical point of sale, online and mobile commerce.
For further information please contact:
United States:
Anne Donohoe
adonohoe@kcsa.com
212.896.1261
Europe:
Denise Gee
denise@magnacartapr.com
+44 (0) 779 376 8109
SOURCE Cardis International