Worldline Announces Successful Migration of Consorsbank Visa Card Portfolio to Its Leading Issuance Processing Solution

(Boursier.com) — Worldline has completed the migration of Consorsbank’s Visa card portfolio from the existing mainframe solution to its processing solution. Building on the success of the migration and hosting of Consorsbank’s Visa card portfolio, the issuance contract between Consorsbank and Worldline, building on an existing relationship since 2007, will continue for several years.

This migration represents an important step for Consorsbank, a German brand of BNP Paribas as it allows the bank to benefit from a wide range of benefits offered by the advanced issuance services now at its disposal. These services help build a seamless digital value chain in card transactions by linking them with various digital banking services.
In addition, the migration to Worldline’s issuance processing solution, operational since 2020, allows Consorsbank to extend its economies of scale in Europe.
The solution ensures compliance with future market requirements and regulations and provides added value by localizing a global platform. This location provides comprehensive support, resulting in an optimized digital customer experience.

Rainer Hohenberger, Head of B2C at Consorsbank, said: “We are delighted with the successful migration of our Visa card portfolio. This move, together with the extension of our relationship with Worldline, consolidates its central role as a key strategic partner , and demonstrates our confidence in its capabilities and commitment to providing continued support and innovative solutions.”
Tarlan Mammadov, project manager of Consorsbank, added: “The project teams worked together to achieve a common goal. The professional collaboration and strength of the team made it possible to effectively implement the project, significantly contributing to his success.”

Alessandro Baroni, Director of Financial Services at Worldline, concludes: “This milestone demonstrates Worldline’s experience and innovation capabilities, acquired over years of complex customer migrations. Worldline is committed to establishing sustainable and innovative partnerships, based on trust and solid industrial expertise, both with its partners and with its customers.”