Eika Kredittbank renews a five-year agreement on card issuing services with Nets

Press release 03-06-2015

​The new agreement has an annual value of more than NOK 50 million a year, and includes all Visa cards and MasterCard cards issued by Eika Kredittbank and the 74 banks within Eika Gruppen in Norway.

​Karl-Richard Floer, Director of Cards and Payment Solutions, Eika Kredittbank, says: “The renewal of the agreement has the potential for major cost savings for Eika Kredittbank. At the same time the agreement also connects the companies together in a strategic cooperation regarding future payment solutions.”

The agreement includes transaction processing, clearing and settlement, dispute and chargebacks, implementation of new card products, administration of incoming cards as well as 24-hour blocking and emergency services for the customers of Eika Kredittbank and the 74 banks within Eika Gruppen.

Susanne Brønnum, Group Executive Vice President in Nets, concludes: “This is a strategically important agreement for us. Eika Gruppen is one of the largest card issuers in Norway and we are very pleased that Eika Kredittbank has decided to renew the agreement. We look forward to continuing the very good and strategic cooperation with the banks."

 

 

 

 

Contact information:

 

Stein-Arne Tjore, Press Officer Nets Norway AS, tel. +47 915 39 846 or e-mail: satjo@nets.eu
Sigurd Ulven, Director, Corporate Communications, Eika Gruppen, tel. +47 907 21 898

 
About Eika

 

Gruppen serves as the financial group in the Eika Alliance, and is owned in part by 74 local banks. Its strategic foundation is to strengthen the local banks. The group delivers a complete platform for bank infrastructure, including IT and payment processing, and a broad range of financial products and expertise-boosting services. Collectively, Eika Gruppen's deliveries, contribute to the competitiveness of local banks. Its most important product companies are Eika Forsikring, Eika Kapitalforvaltning, Eika Kredittbank, Aktiv Eiendomsmegling. Eika Boligkreditt is in addition part of the Eika Alliance. Eika Gruppen's products and services are distributed through some 400 offices in Norway. Including its owner banks and the stockbroking business, it has some 3,600 employees - including about 400 who work directly for Eika Gruppen AS - and thereby ranks as one of the biggest players in the Norwegian market for the development and sale of financial products and services.

 
About Nets

 

Nets specialises in managing digital values – digital money, information and identity. We have one of the most extensive product portfolios in the payment industry in Europe and our ambition is to become an even stronger partner to our customers by supporting their business, nationally as well as internationally. Nets has 2,500 employees in offices in Denmark, Norway, Finland, Sweden and Estonia. Find out more about us at www.nets.eu.