ConCardis GmbH

ConCardis GmbH successfully executes its first V PAY transaction together with TeleCash

The leading German credit card acquirer ConCardis has expanded its product portfolio to include the “V PAY” Visa Europe debit card and has successfully executed the first V PAY transaction with its pilot client, the Relais&Chateaux Hotel Burg Wernberg.

Frankfurt, 18. October 2007. ConCardis successfully executed the first V PAY transaction with its pilot client, Burg Wernberg Hotel, using the “Ingenico I 5310” TeleCash terminal. “We believe that service is the fundamental concept behind a successful client relationship. This also means offering as wide a range of payment options as possible”, said Ralf Leidner, Director of Burg Wernberg Hotel. “V PAY means that we can offer a debit solution to our European clients who do not hold credit cards - with immediate effect and no additional technical outlay.”

V PAY is compatible with existing systems and infrastructures, minimising the costs for banks, merchants and acquirers. The only thing that merchants require in order to accept V PAY is an EMV-compatible terminal. In Europe, V PAY is already accepted at 4 million merchants and 250,000 ATMs. The chip and PIN-based payment procedure guarantees the maximum level of security against possible misuse.

The advantage for the merchants and service providers that will settle V PAY transactions via ConCardis in the future is clear: “By accepting V PAY, we are giving our merchants access to a customer base across Europe. At the same time, we are determined the keep the outlay at a minimum for merchants who want to settle additional products. We are all the more delighted that V PAY allows us not only to offer a further key card product, but that acceptance by our clients will be a straightforward process that will not involve any major technical adjustments”, explained Manfred Krüger, CEO of ConCardis GmbH.

By adding V PAY to its portfolio, ConCardis is systematically forging ahead with its corporate strategy of offering its clients “one-stop solutions”. The V PAY offering will allow the company to contribute towards the establishment of an internal European market for payment transactions, and also to position itself as Germany’s SEPA acquirer.