Cornèrcard selects Rivero to digitalise its card scheme compliance

By Gloria Methri

Swiss FinTech Rivero has onboarded Cornèrcard, a leading issuer of Visa, Mastercard, and Diners Club payment cards in Switzerland, to its card scheme compliance platform.

Under the terms of the agreement, Cornèrcard will leverage Rivero’s scheme compliance SaaS solution, Kajo, to digitalise its compliance processing requirements and to make it easier to scale with guaranteed quality control for all its compliance needs.

Since the time it issued Switzerland’s first Visa credit card in 1975, Cornèrcard has adapted to advances in technology, such as the secure e-commerce standard and mobile payments. Adopting Kajo by Rivero shows the card provider’s willingness to embrace new solutions that can boost performance and customer satisfaction.

Kajo by Rivero is designed for and tailored to the scheme license compliance management. By fully digitalising and automating the administrative part of the process, Kajo will support Cornèrcard to reduce the time and resources needed to stay compliant with changing rules and requirements of payment networks.

Commenting on the partnership Danilo Redaelli, Head of IT Digital & Card Services at Cornèrcard said, “Rivero is a leader in simplifying card payment operations for the highly regulated payments industry with a proven track record for performance. We are convinced that its SaaS product Kajo will provide us the capability we need to navigate the changing digital payment landscape with ease – giving us more time to focus on core services that put customers first.”

Thomas Müller, co-founder, and CEO of Rivero said, “Rules and regulations around card payments compliance are constantly being updated, and it is important that financial services and payments providers adhere to them. That is why we created Kajo – to help firms effectively and seamlessly manage their full scheme compliance process. We are excited to be working with Cornèrcard and to deliver a best-in-class tailored solution that can strengthen their service offering and keep them ahead of the competition.”