PayLife and SIX Card Solutions Complete Debit Card Migration
SIX Card Solutions, part of SIX Group and a European payment processor, and PayLife, a provider of cashless payments in Austria, have completed the migration of merchant-related systems and debit cards.
The project began in April 2008 after PayLife decided to abandon its long-term proprietary processing platform and assigned SIX with the processing of its debit cards, ATMs and point-of-sale (POS) terminals. Following a gap analysis, SIX and PayLife started a migration project that included customisation to meet the specific requirements of Austrian cashless payments.
The migration to SIX’s Swiss platform has gone unnoticed by the owners of more than 8.2 million Austrian debit cards and merchants using over 65,000 of PayLife’s POS terminals. The phased migration spanned three and a half years and a total effort of 180 person years, highlighting the scale of the project.
“An efficient and reasonably priced platform is a decisive factor in today’s card business, because the market has become extremely competitive and pressure on profitability increases. At the same time, transaction volumes are growing significantly,” said Peter Neubauer, chief executive officer (CEO), PayLife. “We are convinced that we are going to continue our success story with our new systems and have found the right partner in SIX to take us into the next phase.”