Since 1998 Worldline manages Volkswagen Banks core services for the processing of approximately 230,000 credit cards in Germany. These include transaction processing, authorizations, management of credit card accounts as well as clearing and settlement with Visa. As part of the ‘VISA Card Mobile’ project, the Volkswagen Bank assigns the service provider with the implementation of the enhanced features of the premium credit card ‘Volkswagen VISA Card Mobile’. Since the end of 2013, the Volkswagen Bank markets its contactless credit card that provides a number of services, including installment payment by SMS, the direct rebate program SMS service or a requested PIN.
Founded in 1949, Volkswagen Bank is a wholly owned subsidiary of Volkswagen Financial Services AG. The company is responsible for the coordination of the Volkswagen Groups global financial services activities. Worldwide, Volkswagen Financial Services AG has 9,498 employees - including 5,319 in Germany alone.
Worldline, an Atos subsidiary, is a global player in the payments and transactional services industry. In 2013, Worldline’s activities within the Atos Group generated revenues of EUR 1.11 billion.
In recent news, Yapital, a European cross-channel payment system operator, has entered an agreement with Worldline.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.