Cardis wins Contactless & Mobile Award

  Cardis wins Contactless & Mobile Award

Cardis aggregation technology is the first to reduce the cost of processing
low value payments to a fraction of current industry rates – good news for all
parties handling everyday small payments

Business Wire

LONDON -- May 1, 2013

Cardis International has won the Competitive Advantage category at the
Contactless & Mobile Awards 2013. The awards were announced last night
(Tuesday, April 30) at the end of the 2013 Contactless Intelligence Spring
Conference in London.

The award recognises Cardis for its ground-breaking aggregation technology
that reduces the cost of handling everyday payments like a cup of coffee,
sandwich or bus ticket to a fraction of the average current transaction fee.
Increasingly consumers are keen to use their contactless cards and NFC-enabled
smartphones to make small purchases, opening up vast opportunities from cash
replacement and efficiencies.

“We are absolutely delighted with the award,” says Cardis CEO Nebo Djurdjevic.
“Our aim is to remove the cost barriers that hamper the growth of
electronically accepting low value payments and offer a solution that benefits
every single party that deals with a small transaction. The award confirms
what we believe – we have the ingredient that completely overhauls the
economics for low value payments, typically those below the equivalent of

The Cardis aggregation technology is the first of its kind designed to reduce
the cost of processing small payments to levels not yet seen in the market.
“The technology enables several consumer transactions made at different
retailers to be handled with only one aggregate transaction processed through
the payment network. By spreading the cost of processing of this single
aggregate transaction over a series of low value payments, the overall cost is
dramatically reduced allowing every participant in the transaction value chain
to benefit,” says Cardis CTO Milos Dunjic.

“Raiffeisen Bank International’s CardMobile product – which combines Visa
Europe’s V PAY debit product and contactless/mobile payment solution with
Cardis’ low value payment technology – launched in Austria last year,”
explains Mr Djurdjevic. “Retailers there are pleased with the cost savings
they’re seeing with CardMobile’s LVP solution. For average transaction amounts
between €4 and €10, the retailers benefit from payment handling costs that are
70% to 40% lower in comparison to current average merchant pricing on debit
cards in Austria. This creates the right economic conditions for issuers and
acquirers to roll out contactless and mobile NFC payments, without concerns
from merchants about transaction costs.”

Cardis is currently active in a number of European markets around the adoption
of its solution for contactless and/or mobile payments within existing card
scheme products. It is also working on a range of opportunities in the US
where chip migration and innovative mobile payment environments require
particularly flexible solutions. As part of its US activities, Cardis has
recently joined the EMV Migration Forum to contribute to the industry’s
efforts to accelerate the implementation of global chip standards in this
market.The business opportunities in the US include the traditional four
party card models as well as the vast range of emerging business models that
are driven by increasingly fierce competition in the payment sector.


About the Contactless & Mobile Awards

Now in its 6th year, the Contactless & Mobile Awards are presented to those
companies, organizations and retailers who have done the most to embrace and
implement contactless/NFC technology into their day-to-day operating
practices. These awards represent a real promotional springboard and give the
winners a reputation and credibility for their efforts within the industry.

About Cardis International

Cardis Enterprises International BV provides unique solutions for processing
of low value payments with game changing cost efficiency. It aligns the
interests of banks, payments schemes and retailers in driving the global move
to cashless payments with significant economic benefits to their businesses.
Cardis’ solutions are based on patented aggregation technology that allows any
consumer payment form factor (card, mobile, digital/mobile wallet), with any
physical or virtual secure element, linked to any type of account, in any mode
of payment (prepay, pay now, pay later), to make cost efficient payments
through any channel (POS, e/m-commerce, P2P). The technology is available as a
software plugin solution that integrates with the existing payment products
and infrastructures, and as a mobile wallet solution that can be deployed
independent of the existing payment networks and products. They support
traditional operating and business models including four party and closed
loop, and emerging models that include mobile/digital wallets.

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MagnaCarta Public Relations
Denise Gee, +44 (0) 779 376 8109
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