Multicard, a business unit of Identive Group, announced that it has been selected by Rabobank to provide personalization and fulfillment services for the Dutch bank’s latest application of its MiniTix cashless e-payment solution.
Multicard will manage product delivery, encoding and customer support for MiniTix, a program that allows Rabobank’s employees to make cashless payments using e-payment labels on their mobile phones.
Rabobank’s MiniTix solution provides an alternative to the “chipknip” electronic cash system currently used throughout the Netherlands. Like chipknip, MiniTix is intended for small retail payments where credit card fees do not make economic sense. However, the MiniTix virtual wallet can be managed online rather than having to be loaded with credit at special banking terminals, and payments can be made using a mobile phone or a contactless token such as a key fob or wristband.
Rabobank is allowing its employees to use their MiniTix accounts to make purchases in the workplace. Eventually the bank plans to sign up additional merchants and facilities such as soccer stadiums to participate in the program.