The aim of this partnership is to support neo-banks, fintech’s and other new small banking players in order to rapidly launch a turnkey end-to-end account & payment card solution on the market.
Worldline recently presented its new strategic plan, detailing its ambition of being the premium global Paytech company at the heart of the European payment ecosystem. This partnership with Mainsys Financial Software, a Belgian IT company that offers comprehensive banking solutions, fits perfectly with Worldline’s new strategy plan.
The joint solution has been recently rolled out for the first time to manage co-badged Visa Debit-Bancontact cards. The card is live for a few months at the Belgium cooperative bank NewB. The card benefits from a large acceptance due to the combination of Bancontact and Visa networks.
„This advantageous combination makes it possible to pay for purchases in Belgium and abroad, online or in-store, with or without contact, with a single card, while taking advantage of the added value of applications, such as P2P payments,” according to the press release.
Transactions are debited immediately from the account and can be viewed in real time via Mainsys’ web and mobile banking apps. The immediate updating of the data gives the bank’s customers total control over their expenses.
The card can be entirely managed by the customers on the Internet or on mobile, from the card order with the choice of the secret code (PIN), to the management of limits and options (purchase on the Internet, authorized geographical areas, etc.).
„The aim of this partnership is to support neo-banks, fintech’s and other new small banking players in order to rapidly launch a turnkey end-to-end account & payment card solution on the market,” the company explains.
The solution combines the WL 1-Click Card Issuing Processing offering of Worldline and Mainsys’ Core Banking (F2B) and e-Banking (FRONTeO) solutions.
„With this joint solution neo-banks and fintechs can easily reach clients that need to have an easy digital banking solution and card payment instrument integrated for their customers,” Mainsys added.
Christophe Lhelguen, Head of Issuing at Worldline Financial Services, says: ”This partnership with Mainsys is a perfect illustration of our ambition to go further into the value chain and provide our customers turnkey innovative solutions. In addition, it enables companies to become a fully digital bank in a few months offering a variety of banking services as well as a wide range of value-added services.”
Alexandre Degrijse, CEO of Mainsys Financial Software, says: “Banks want to offer a card accepted everywhere, in their local market and worldwide, fully controlled by the customer, therefore with immediate debit and full on-line management. By combining Worldline’s services with our expertise, we have been able to develop simple, performant and robust solutions, meeting the demand of both new payment players and banks who wish to innovative in their card offering.”
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Worldline is a global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers. Powered by 20,000 employees in more than 50 countries, Worldline services include instore and online commercial acquiring, highly secure payment transaction processing and numerous digital services. In 2021 Worldline generated a proforma revenue close to 4 billion euros.
MAINSYS Financial Software is a Belgian banking software editor and IT service provider that is part of MAINSYS Group, who was founded in 1995 and employs more than 230 highly graduated experts located in Belgium, France and Portugal. Its 3 major product lines are: an omnichannel front and middle office suite (FRONTeO), a modular core banking solution (F2B) and a communication platform (COCPIT). By combining the use of state-of-the-art technologies with a deep functional knowledge of the banking and financial sector, MAINSYS Financial Software delivers to more than 40 clients highly secured and scalable applications and fully supports Cloud SaaS in its product offerings.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
