Nets to provide payment card services to Danish banks

Nordic payments and information services provider Nets has signed a deal with Danish banks to oversee international payment card services for around 70 member banks until 2018.

Nordic payments and information services provider Nets has signed a deal with Danish banks to oversee international payment card services for around 70 member banks until 2018.

The company’s unit, BOKIS, signed the agreement with the Danish Regional Bankers’ Association (RBF) and The Association of Local Banks, Savings Banks and Cooperative Banks in Denmark (LOPI).

The deal paves the way for implementation of new services, including improved fraud management system, and contactless international cards.

Association of Local Banks, Savings Banks and Cooperative Banks in Denmark director Jan Kondrup said, "Over a period of many years, Nets has proved to have the expertise and technology to be a competent supplier of the services we require."

Danish Regional Bankers’ Association director Søren Nicolaisen said, "During the process leading up to the agreement we assessed several other potential suppliers, and it is with satisfaction that we can conclude that Nets – which we have been working with for many years – occupies a strong and competitive position in the international marketplace."

The Danish Regional Bankers’ Association comprises four members, including Jyske Bank, Sydbank, Spar Nord and Arbejdernes Landsbank, while the Association of Local Banks, Savings Banks and Cooperative Banks in Denmark has around 70 members among local banks, savings banks and cooperative banks.