SIX Payment Services, a Swiss and Austrian acquirer and provider of the mPOS solution mCashier, has extended its existing contract with domestic Belgian card scheme Bancontact.

Under the terms of the renewed agreement, SIX will continue to operate and further develop the Bancontact Scheme Switch.

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SIX Payment Services has been managing the Bancontact Scheme since 2012 when it was first awarded the contract.

Bancontact operates as the largest card scheme in Belgium and has more than 15 million debit cards in circulation, and carries out 1.4 billion transactions per year.

In 2012, as part of the new strategy to make the Switch Scheme SEPA compliant, SIX was called to fully build and operate the Bancontact Scheme Switch.

The scheme switch connects Bancontact members – issuers and acquirers – and ensures that all authorisation and clearing messages are correctly directed and processed efficiently.

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Bancontact Company CEO Kim Van Esbroeck said: “We are delighted to extend our mutually beneficial collaboration with SIX Payment Services. We and our customers will continue to experience the robustness and stability of their state of the art processing platform as well as the proactive customer service of SIX – both are fundamental elements of a reliable technology partnership.”

SIX Payment Services managing director and head financial industry services Andrej Eichler said: “By extending our working relationship with the team at Bancontact we are able to continue to play an important role working at the heart of the Belgian card ecosystem.”