Key information

Year founded

1975

Legal entity

Joint stock company

Purpose

• Issue and sell prepaid cards
• Sell cash in foreign currencies
• Sell American Express Travelers Cheques

Shareholders

• Association of Swiss Cantonal Banks
• Credit Suisse Ltd
• Entris Banking Ltd
• Swiss Association of Raiffeisen Banks

Chairman, Board of Directors

Toni Michel

Chief Executive Officer

Thomas Beck

Employees

52 persons

Strengths

• Swiss market leader in the prepaid card market
• Development of modern, efficient and secure sales platforms for modes of travel payment
• Reliable service center for Swiss banks
• Cooperation with internationally leading companies in the payment industry

Key figures

In CHF at 31.12.2012:

• Load volume with prepaid cards: 1.2 bn
• Earnings before taxes: 17,4 mio.
• Total assets: 477 mio.

Milestones

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).