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About the company: Swiss Bankers Prepaid Services AG


Swiss Bankers Prepaid Services Ltd is a center of competence for safe modes of payment for travelers and a reliable service company for Swiss banks.

Swiss Bankers Prepaid Services Ltd is an internationally oriented financial service provider based in Zurich and Bern. The company is leading in the development, distribution, and processing of prepaid credit cards and offers innovative solutions for secure worldwide cashless payment transactions. As one of the first providers in Switzerland, Swiss Bankers enables mobile payments with Apple Pay, Samsung Pay and with wearables such as Garmin and Fitbit. Swiss Bankers is continuously strengthening its leading position in this market and developing new digital payment instruments. The company was founded in 1975 and first became known by the Travelers Cheques. Today, the Travel Cash card is a very popular product that is available through more than 200 distribution partners.
 
Shareholders:

  • Association of Swiss Cantonal Banks
  • Credit Suisse (Switzerland) Ltd
  • Entris Banking Ltd
  • Raiffeisen Switzerland Cooperative
  • PostFinance Ltd
     

History of Swiss Bankers Prepaid Services AG

The company was founded in 1975 under the name Swiss Bankers Travelers Cheques. In the 44 years that followed, we have become a strong partner in the prepaid credit card business with a consistent focus on innovation when it comes to global cash-free payment processes. Here is an overview of our development over the past decade:
 

1975

Company founded and collaboration agreement concluded with Thomas Cook for the worldwide sale of Swiss Bankers Travelers Cheques.

1988

Sales of Swiss Bankers Travelers Cheques reach a record 964 million francs.

1995

Joint venture agreement concluded with American Express; launch of a newly designed Swiss Bankers Travelers Cheque.

1999

Launch of World Money Direct, the home delivery service for travel money.

2003

Launch of Swiss Bankers Travel Cash, the safe prepaid card for worldwide cash withdrawals and direct payments at shops, restaurants and hotels.

2008

Swiss Bankers Travelers Cheque Center, an ordinary partnership, reorganizes to become a joint stock company known as Swiss Bankers Prepaid Services Ltd.

2010

Launch of Swiss Bankers Internet Cash, the prepaid card for safe payments on the Internet.

2011

Issuance of prepaid cards on behalf of Credit Suisse and development of the universal Swiss Bankers Easy Card prepaid card. Grant of a banking license by the FINMA.

2012

Opening of an online shop for the distribution of the Internet Cash card and launch of a youth card on behalf of Credit Suisse.

2013

Foundation of a subsidiary in Liechtenstein and authorization as an E-money institution by the Financial Market Authority Liechtenstein (FMA).

2013

Launch of the «My Card» app. This app allows prepaid card holders to view their account information using their smartphone.

2013

Enlargement of the acceptance network for Travel Cash. Customers can use it like a Mastercard credit card to pay at more than 40 million merchant locations worldwide and online and to withdraw cash at more than 2 million ATMs.

2015

Swiss Bankers succeeds in positioning the Travel Cash card as «the» travel money. On the Swiss Marketing Day, the campaign is awarded the 2015 Marketing Trophy.

2015

Opening of an online shop for the distribution of Swiss Bankers Mastercard Prepaid.

2015

Launch of the Swiss Bankers Value Card for corporations – the ideal solution for easily paying out funds.

2016

Update of the «My Card» app. The new version of the app allows cardholders to adjust their prepaid cards from Swiss Bankers to their needs by themselves. They can check their card account at any time and may choose to be notified after each transaction via the app or by SMS.

2016

Launch of Apple Pay. Customers can pay with their iPhone in most shops in Switzerland and in 5 million shops in more than 70 countries. Required are a Mastercard Prepaid or a Travel Cash card from Swiss Bankers and a newer iPhone or an Apple Watch.

2017

Launch of Samsung Pay. Customers can pay with their Samsung smartphone. Prerequisites are a newer generation Samsung device and a prepaid card from Swiss Bankers.

2017

Launch of Fitbit Pay and Garmin Pay. Customers can pay with their smartwatch.

2018

Expansion of card loading options: Swiss Bankers prepaid cards can now be loaded via the My Card app or using online banking.

2019

Introduction of the new SwatchPAY! payment method. Swiss Bankers cards can now be used with smart watches from Swatch.

2019

Swiss Bankers launches the Mastercard Prepaid Digital – the first purely digital card from Swiss Bankers for mobile and online payments.

Swiss Bankers AG commitment

Swiss Bankers Prepaid Services Ltd is a co-sponsor of the IFZ FinTech Study 2018. We have supported the project team of the Lucerne University of Applied Sciences and Arts in the preparation of the study, which provides a comprehensive overview of the Swiss FinTech sector.

The entire IFZ FinTech study 2018 can be downloaded free of charge here:

IFZ FinTech Study 2018: An Overview of Swiss FinTech 

Special thanks to Prof. Thomas Ankenbrand, Prof. Andreas Dietrich and Denis Bieri for their contributions.