Oberthur Technologies supplies Buy Way Personal Finance with end to end
prepaid solution for the launch of the Buy Way MasterCard® Prepaid card in
LEVALLOIS-PERRET, France -- November 15, 2012
Oberthur Technologies, one of the world’s largest providers of security and
identification solutions and services based on smart card technologies, today
announced the delivery of its smart prepaid solutions to Buy Way in Belgium.
This solution encompasses EMV card, PIN issuance and secure packaging
Buy Way, the specialist in consumer credit, decided to enter into the prepaid
market issuing a general purpose prepaid card. Capitalizing on their leading
position on the Belgium market, Buy Way wanted to expand their card portfolio
issuing a general purpose prepaid card to offer innovative payment vehicle to
In this context, Buy Way selected Oberthur Technologies as a key partner to
deliver the Buy Way MasterCard^® Prepaid card. Historically involved in the
prepaid market, Oberthur Technologies has combined EMV prepaid technology, PIN
mailers and a unique tamper evident package for retail distribution. Using
Oberthur Technologies’ state-of-the-art solutions for prepaid cards, Buy Way
will target its launch of the EMV prepaid card program through a multi
distribution online network and also physically through the existing retail
Available to anyone over 18 years old, the Buy Way MasterCard^® Prepaid card
is an anonymous and reloadable card, available in a large number of points of
sale in Belgium as well as via its dedicated website (www.buyway-prepaid.be).
The card provides an efficient payment vehicle combining security, flexibility
and easy of use.
“The Buy Way MasterCard^® Prepaid card is the result of an intensive and
rewarding collaboration between Oberthur Technologies, MasterCard, SIX Payment
Services and Buy Way Personal Finance” commented Ugo Setti, Sales & Marketing
Director at Buy Way.
“We are delighted to issue into this promising Belgian market, a new trendy,
accessible and convenient product that responds to what everyone wants today:
freedom to buy without a worry!”
David Dechamps, General Manager Benelux Region at MasterCard Europe adds:
“MasterCard is creating a series of environments where prepaid can be
disruptive to the normal flow of cash in our society and where those people
bound to cash can take advantage of the security, convenience and control
offered by prepaid. MasterCard is proud to be chosen by Buy Way, Six Payment
Services and Oberthur Technologies for the launch of this MasterCard^® Prepaid
card. This strengthens our leadership on the prepaid market in Belgium, as
well as on deep partnership with Buy Way, which has chosen MasterCard for its
entire card portfolio”.
“The prepaid market is growing in Europe. This promising market offers new
opportunities for issuers to target new customers and expand their card
programs” said Eric Duforest, Managing Director Europe at Oberthur
Technologies “By delivering the Buy Way MasterCard^® Prepaid card, Oberthur
Technologies reinforces its position as a leading prepaid solutions provider”
About Oberthur Technologies
Oberthur Technologies is a world leader in the field of secure technologies:
systems development, solutions and services for smart cards (payment cards,
SIM cards, access cards, NFC…) and for secure identity documents, traditional
and electronic (identity card, passport, health care card). Created in 1984,
Oberthur Technologies employs over 6 000 employees. With 50 sales offices
across 5 continents, Oberthur Technologies’ international network serves
clients in 140 countries.
For more information: www.oberthur.com
About Buy Way
Buy Way Personal Finance, specialist in consumer credit is the leader in
financing at the point of sale in Belgium and the Grand Duchy of Luxembourg.
Buy Way offers a large range of products and services: credit cards, debit
cards, prepaid cards, auto loans and consumer credit management on behalf of
third parties (BPO).
At the side of its partners and end-users, Buy Way provides optimal financing
solutions while prioritising the ability of its clients to repay loans.
Located in Brussels, in the centre of Europe, Buy Way is today rich of 25
years of experience and more than 250 colleagues serving 500.000 customers
spread over Belgium and The Grand Duchy of Luxembourg.
For more information: www.buyway-prepaid.be; www.buyway.be; www.buyway.lu
About SIX Payment Services
SIX Payment Services provides financial institutions and merchants with secure
and innovative solutions along the entire value chain of cashless payments.
The tailor-made solutions include national and international card transactions
and interbank payments. SIX Payment Services guarantees the acceptance and the
completion of card-based payments within Switzerland and internationally and
as market leader in Switzerland, Austria and Luxembourg belongs to the major
European processors of card transactions. Other services range from the Swiss
Interbank Clearing to electronic billing and direct debit.
With over 1,000 employees and a local presence at 13 office locations, SIX
Payment Services partners with customers in 33 countries.
For more information: www.six-payment-services.com
About MasterCard Worldwide
MasterCard(NYSE: MA),www.mastercard.com,is a global payments and technology
company. It operates the world’s fastest payments processing network,
connecting consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and territories. MasterCard’s products
and solutions make everyday commerce activities – such as shopping,
travelling, running a business and managing finances – easier, more secure and
more efficient for everyone.
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