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PayLife Bank GmbH has signed two processing contracts scheduled to take affect in 2010, after PayLife's existing deal with First Data Austria expires, the Austria-based firm says in a statement. Switzerland-based Six Card Solutions, formerly known as Telekurs Card Solutions, will support debit card acquiring and transaction processing, PayLife says. Sinsys, another European firm, will handle credit and prepaid cards. The Six Card deal involves more than 106,000 merchants and 7 million Maestro Bankomat debit cards that PayLife services. The Sinsys deal involves about 1.1 million credit card accounts, PayLife says. The contracts run for five years.
