solarisBank chooses SIA to launch new contactless payment cards in Germany

Cristina Astore - SIA

SIA’s technology infrastructure will process all the transactions made using NFC debit cards issued by solarisBank for its clients 

solarisBank, a German banking platform with a full banking license, has chosen SIA, a company specializing in the processing of electronic payments, to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions.

With this agreement, starting from now, 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 3-D 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.

“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”, says Jörg Howein, Chief Product Officer of solarisBank AG.

“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 realized significant projects with major financial institutions”, commented Cristina Astore, Director of SIA’s International Division. “We are certain that the proven competence in the payments system and e-money sector, together with  the innovation that has always characterized SIA, are a perfect match for solarisBank’s banking platform profile”.

solarisBank AG is a banking platform with a full banking license, allowing companies to offer their own financial products. Partners can access the solarisBank modules in the field of digital payments and e-money, instant credit, digital banking as well as services from third-party providers integrated on the platform via API. Thus, solarisBank creates a technologically highly developed and regulatory sound banking ecosystem for fintechs, established digital companies and also banks.

The Berlin-based company was founded in 2016 and is led by members of the management board Roland Folz, Marko Wenthin and Andreas Bittner as well as CPO Jörg Howein, CFO Alexander Engel and CTO Peter Grosskopf. www.solarisbank.de

SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and Public Administration bodies, in the areas of payments, cards, network services and capital markets. SIA Group provides its services in 46 countries, and also operates through its subsidiaries in Austria, Germany, Romania, Hungary and South Africa. The company also has branches in Belgium and the Netherlands, and representation offices in the UK and Poland.

In 2016, SIA managed 12.2 billion clearing transactions, 4.3 billion card transactions, 2.8 billion payments, 47.4 billion financial transactions and carried 654.3 terabytes of data on the network.

The Group is made up of eight companies: the parent SIA, the Italian companies Emmecom (innovative network applications), P4cards (card processing), Pi4Pay (advanced collection and payment services), and Ubiq (innovative technology solutions for marketing), Perago in South Africa, PforCards in Austria and SIA Central Europe in Hungary.

The Group, which currently has over 2,000 employees, closed 2016 with revenues of €468.2 million. For more information: www.sia.eu – jiffy.sia.eu