Nets signed a five-year agreement with Bank Norwegian

​Press release 20-10-2014

​(Oslo, 20. October 2014) Nets and Banqsoft have entered into an five-year agreement with Bank Norwegian for the development of the bank’s credit card, loan and savings product solutions.

"We are pleased that Bank Norwegian has chosen Nets and Banqsoft for operation and development of its credit card, loan and savings product solutions. We look forward contributing in the realisation in the bank's growth ambitions", says Staale Rasmussen, Sales Director Financial Services in Nets.

 

According to the agreement, Nets will deliver issuing services, authorisation, technical clearing and settlement of card transactions, issuing of PIN-codes, and integration with Visa and MasterCard. Banqsoft will deliver user interface, account functionality and financial authorisation.

 

Nets and Banqsoft have combined their complementary services to offer Bank Norwegian an integrated solution. We are pleased that Bank Norwegian has chosen us to supply its credit card solutions", says Rasmussen.
Banqsoft sees clear benefits to cooperating with Nets in the banking sector, and is pleased to have signed the agreement with Bank Norwegian.

 

"The agreement with Bank Norwegian demonstrates the strength of our collaboration with Nets, through which we deliver flexible and cost-efficient services to banks and card issuers. Bank Norwegian had some 273,100 credit card customers in Norway and Sweden as per Q2 2014, and Banqsoft and Nets will initially supply administrative solutions for these", says Johnny Rindahl, CEO of Banqsoft.

 

The agreement is a five-year, and includes a six-month implementation phase. Bank Norwegian looks forward to the cooperation.
"Through our agreement with Banqsoft and Nets, we have secured partners capable of delivering the flexibility and functionality we require to deal with potential future needs and opportunities we have identified. We also look forward to being challenged to innovate and make ongoing improvements by our new partners – our customers are sure to benefit," says Erik Jensen, CEO of Bank Norwegian.

 

 

 

Allan Jakobsen (Nets), Johnny Rindahl (Banqsoft) and Erik Jensen (Bank Norwegian).