LCL chooses SIX for its cross-border acquisition
- LCL selected Luxembourg-based SIX Pay, to develop a European cross-border acquisition offer. Using the same SIX Pay multilingual interface, LCL merchant customers will be able to concentrate the processing of all card payments from a number of European countries. SIX Pay is the subsidiary of Swiss SIX Group.
- LCL is the first French bank to propose this service and to cover such a wide area and large range of cards, including some of the “most popular domestic co-badged cards”. LCL, “the house bank of one-third of French companies”, also offers centralised cash management for proximity payments.
- The LCL contract makes it possible for SIX Pay to enter the French market, a first step on the way the complete their ambitious European expansion. SIX Group results from the merger of the Swiss acquirer and processor Telekurs with two other Swiss financial companies (securities settlement/delivery; financial information). SIX Pay was created after SIX’s purchase of 50% of Luxembourg’s national card scheme and former unique acquirer CETREL.
- SIX Pay's offer covers the acceptance of Visa, MasterCard, Diners Club, Discover and JCB cards.