Key information

Year founded

  • 1975

Legal entity

  • Joint stock company

Purpose

  • Issue and sell prepaid cards
  • Sell cash in foreign currencies

Shareholders

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

Chairman, Board of Directors

  • Bernard Burkhalter

Chief Executive Officer

  • Hans-Jörg Widiger

Employees

  • 54 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 31.12.2015:

  • Load volume with prepaid cards: 880 mio.
  • Earnings before taxes: 10,2 mio.
  • Total assets: 480 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).

2013. Launch of the «My Card» app. This app allows prepaid card holders to view their account information using their smartphone.

2013. Enlargement of the acceptance network for Travel Cash. Customers can use it like a MasterCard credit card to pay at more than 36 million merchant locations worldwide and online and to withdraw cash at more than 2 million ATMs.

2015. Swiss Bankers succeeds in positioning the Travel Cash card as «the» travel money. On the Swiss Marketing Day, the campaign is awarded the 2015 Marketing Trophy.

2015. Opening of an online shop for the distribution of Swiss Bankers MasterCard Prepaid.

2015. Launch of the Swiss Bankers Value Card for corporations – the ideal solution for easily paying out funds.

2016. Update of the «My Card» app. The new version of the app allows cardholders to adjust their prepaid cards from Swiss Bankers to their needs by themselves. They can check their card account at any time and may choose to be notified after each transaction via the app or by SMS.