Mastercard and FrenchSys – a company aimed at facilitating the development of card payment acceptance in France – have decided to form a partnership.
On the basis of this agreement, Mastercard’s developments and innovations in payment technology will be made more readily available and make for easier deployment in line with other European countries.
Some of these benefits include contactless payment with PIN code entry and no amount limit, card refunds immediately credited to an account, or innovations such as Mastercard’s new sound identity built into the payment process.
Solveig Honoré Hatton, CEO of Mastercard France, commented:
“We are delighted about our partnership with FrenchSys, which aims to enhance the quality of service we provide to merchants and consumers by making our payment features more readily available so as to deliver a better shopping experience. This agreement illustrates our determination to deploy more and more innovative, practical and secure products and services across the French market. This partnership will enable the banks adopting the system to develop their business thanks to improved integration of the solutions Mastercard deploys for retailers and businesses.”
Régis Folbaum, Chairman of FrenchSys, commented:
“Through this agreement with Mastercard, FrenchSys gains another opportunity to bring its customers the advantages of its multi-scheme card and payment method acceptance facilitation and consolidation offering in France. Operating at the very core of the digital payment ecosystem in France, FrenchSys can help card schemes such as Mastercard to accelerate innovation roll-out in France, support merchant banks wishing to take advantage of all the innovative features of card schemes and work with payment acceptance solution developers to improve and optimise their offering across the French market”
