COLOMBES, France--(BUSINESS WIRE)--May 27, 2015--Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space today announced its selection by QUI! Group in Italy to provide MasterCard smart payment cards to dematerialize luncheon vouchers.
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OT selected by QUI! Group to dematerialize luncheon vouchers in smart payment cards in Italy. (Photo: Business Wire)
QUI! Group decided to innovate by providing consumers with smart payment cards in order to dematerialize traditional paper vouchers and optimize invoicing and administration processes for merchants for faster reimbursement. OT has been selected to provide the payment cards and to personalize them. Thanks to these cards, consumers will no longer need to use paper luncheon vouchers; they will remotely load money into their specifically designed reloadable prepaid banking cards and use them to pay in the same way as they use their personal payment cards issued by banks.
"OT is delighted to have been selected, as the unique supplier, by QUI! Group in order to offer rechargeable multifunctional cards. OT's objective is to enhance end-users' daily life and thanks to our product, QUI consumers will pay in a much more convenient, easy and secure way" said Eric Duforest, Managing Director of the Payment Business Unit at OT.
"We are determined to become a European Group and in order to reach this ambitious goal on our market, QUI! Group chose OT to provide prepaid cards to replace paper luncheon vouchers" said Gregorio Fogliani, President of QUI! Group. "OT is the best partner for us to become one of the most important players in Italy and all over Europe".
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smartphones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including close to 700 R&D people. With more than 50 sales offices across 5 continents and 1 manufacturing hub by region, OT's international network serves clients in 140 countries. For more information: www.oberthur.com
ABOUT QUI! GROUP
QUI! Group is an Italian leading company in meal voucher industry for corporate and social welfare, in payment systems and Loyalty industry. In 2014 the company reached a turnover of 610 million Euros; QUI! Group has more than 20 million of registered users in its services and handles over 15 million of digital transactions per year. The commercial network of QUI! Group has 150 thousand affiliated merchants to its services. In the last four years the Research & Development Group investments reached over 15 million Euros, and the Group created different partnerships with Italian universities, such as Turin, Trento, Salerno and Genoa. Last year the Bank of Italy authorized QUI! Financial Service, the financial institution of the Group, to work as a ELMI, allowing it to issue prepaid cards and financial services. QUI! Financial Service is included in the Italian ELMI Register, art. 114-quater of the TUB, code n. 32532.4
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SOURCE: Oberthur Technologies
Copyright Business Wire 2015
PUB: 05/27/2015 04:52 AM/DISC: 05/27/2015 04:52 AM