FSS (Financial Software and Systems) is to collaborate with Zwipe to bring next generation contactless payment cards to issuers globally.
FSS card portfolio consists of 800 plus million payment cards for Tier-1 banks and payment processors. The organisations will be working together closely, offering greater value to customers by combining FSS’s Unified Issuance Platform and Zwipe Pay One biometric card capabilities, supported by Zwipe’s fast-growing global network of card manufacturing partners.
The widespread adoption of contactless payment cards has been a huge success in recent years. The Covid-19 pandemic has accelerated the use of contactless payments even further as consumers demand a safe, contact-free transacting environment.
“Biometric payment cards will bring strong differentiation and value uplift to our card issuance and management offerings. Our collaboration with Zwipe will help our issuer clients to deliver a completely touchless and PIN-free check out experience, better in-store payments hygiene and much stronger cardholder security,” said K Srinivasan, Chief Operating Officer, FSSPayTech.
Both partners will start engaging with issuers from the second quarter of 2020-21 and aim for starting pilots from the second half of 2020-21.
“This is a landmark alliance for Zwipe and will significantly accelerate our growth globally, most notably in Asia,” said André Løvestam, CEO of Zwipe.
