Eika Chooses OT to Launch BankAxept First Dual Payments Card in Norway
OT (Oberthur Technologies), a leading global provider of embedded security software products and services, and Eika Alliance, one of the largest players in the Norwegian financial market, with almost a million customers, today announce the successful launch of the first dual payment card certified by BankAxept. This is the first step for an acceleration of the rollout of contactless payment in Norway.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161201005602/en/
Bank Axept Eika (Photo: Business Wire)
OT’s dual payments card leverages INTERAC Flash® technology that allows Eika to offer to its customers a contactless BankAxept certified payment card. BankAxept is the local Norwegian payment scheme and has the most widely used payment card, representing 9 out of 10 transactions in Norway. Contactless payments are available at over 100,000 merchants in the country.
OT’s dual payments card is based on the Near Field Communication technology (NFC), which allows wireless communication between both the card and the payment terminal using radio signals. Thanks to this technology, contactless cards make payments easier and faster. As users don’t need to enter their PIN codes, payments are completed in less than half a second, if the amount does not exceed NOK200. The purchase can be completed by simply waving the card over the payment terminal. However, if the store doesn’t support NFC technology, Eika’s cardholders still have the possibility to use the chip and its PIN code.
“As a result of a close and successful collaboration with Eika and BankAxept, OT is proud to deliver a product with INTERAC Flash® technology that enables contactless BankAxept payments. The first live cards already delivered are the starting point for wider contactless rollout in Norway that will bring convenience to cardholders” said Eric Duforest, Managing Director of the Financial Services Institutions activity at OT.
“Thanks to OT’s support, we were able to meet the commitment made toward our customers and partners and were able to be the first bank in Norway to issue BankAxept cards using INTERAC Flash® technology supporting BankAxept Domestic contactless transactions” added Hege Toft-Karlsen, Chief Executive Officer at Eika Gruppen AS. “Eika’s strategy is to offer innovative payment solutions based on national and international standards. We believe that contactless BankAxept-cards will be a catalyst for contactless acceptance in Norway, giving consumers a faster and more convenient payment option” continued Erlend Sundvor, Vice President Payments at Eika Gruppen AS.
"The use by BankAxept of debit cards and POS devices leveraging INTERAC Flash® capabilities demonstrates our commitment to collaborating with other domestic debit networks around the world to bring secure, innovative products to market and enhance the consumer payment experience" said James Good, Head of International Business Development, Interac Association and Acxsys Corporation.
“It has been a pleasure to work with OT on the successful launch of Eika contactless cards with BankAxept. Eika Gruppen has shown great commitment to the BankAxept platform and thanks to competence within OT and other partners we were able to deliver a very efficient project in short time” concluded Øyvind Apelland, CEO at BankAxept.
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.
OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators and governments, as well as manufacturers of connected objects and equipment.
OT employs over 6,500 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 169 countries. For more information: www.oberthur.com
All you need to know about the latest trends of the Mobility world, available on AppStore and Google Play
®INTERAC Flash is a trade-mark of Interac Inc. Used under license.
MEDIA CONTACT :
Chloé Tisseuil, Tel. +33 1 86 21 50 54
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Elliott Advisors (UK) Limited Statement on Telecom Italia23.3.2018 07:00 | Pressemelding
Given the momentum behind Elliott's campaign at Telecom Italia to improve both performance and governance, Elliott was not surprised to see yesterday's resignation of seven board members affiliated with Vivendi. Unable to advance any meritorious arguments, the Board has simply abandoned their posts to stall for time. Elliott regards this action as cynical and self-serving, in that it delays the ability of Telecom Italia shareholders to express their votes at the upcoming AGM. This is yet another example of minority shareholder rights at Telecom Italia being abrogated and the continued disregard of corporate governance best practice. Finally, Vivendi should note Elliott's forty-year track record of consistent value creation, and sustained, long-term commitments to expose poor governance and catalyse positive change; Elliott's investment history in Telecom Italia dates back to 1999, well before Vivendi became a shareholder in the Company. About Elliott Elliott Management Corporation mana
Smiths Detection Hold Baggage Scanner Meets Highest Security Standards in EU23.3.2018 07:00 | Pressemelding
The Smiths Detection HI-SCAN 10080 XCT has achieved ECAC approval as a Standard 3.1 explosives detection system for hold baggage – the highest, defined security standard in the EU. This significant advance was made possible by using a dual-view, dual-energy line scanner with high resolution 3D Computed Tomography (CT) to deliver exceptional data. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180323005050/en/ Smiths Detection HI-SCAN 10080 XCT (Graphic: Business Wire) This achievement gives airports currently upgrading to Standard 3 technology, the option to increase detection levels even further to 3.1; and any standard 3 systems already installed can be easily elevated to 3.1 via a software upgrade. The detection algorithms are interchangeable on a bag by bag basis depending on the destination and associated risk level. This offers additional flexibility and productivity. “With the capability to meet detection requirements
Sofinnova Partners Leads SafeHeal’s €6 Million Series a Financing Round23.3.2018 07:00 | Pressemelding
SafeHeal, an early-stage medtech company specialized in digestive surgery and focused on the development of the Colovac device, announces today that it has closed a €6 million Series A financing round led by Sofinnova Partners. Based in Paris, SafeHeal develops an innovative digestive anastomosis protection device, called Colovac, designed to reduce complications and obviate the need for ostomies for colectomy patients. This technology consists of a minimally invasive and fully reversible implant that remains in place until the body’s natural healing and tissue repair processes are complete, for approximately two weeks, after which it is removed. SafeHeal’s device has the potential to radically transform the market while significantly improve patients’ quality of life by enabling them to resume their normal life without having to bear an artificial anus and wear ostomy pouches for several months. About 270,000 colectomy patients receive an ostomy every year in Europe and the USA, repre
Ipsen Receives Positive CHMP Opinion for Cabometyx® (cabozantinib) for the First-Line Treatment of Adults with Intermediate- or Poor- Risk Advanced Renal Cell Carcinoma23.3.2018 06:00 | Pressemelding
Regulatory News: Ipsen (Euronext: IPN; ADR: IPSEY) announced today that the Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency (EMA) provided a positive opinion for Cabometyx® (cabozantinib) 20, 40, 60 mg for the first-line treatment of adults with intermediate- or poor- risk advanced renal cell carcinoma (aRCC).The CHMP positive opinion will now be reviewed by the European Commission (EC), which has the authority to approve medicines for the European Union (EU). Alexandre Lebeaut, Executive Vice President, R&D and Chief Scientific Officer said: “Today’s positive opinion from the CHMP is important news for patients with previously untreated advanced renal cell carcinoma, who can shortly benefit from Cabometyx ® as a new first-line treatment option. Following the evidence of its clinical value after a prior VEGF-targeted treatment, we are pleased to be able to expand the benefit of Cabometyx ® for treatment-naïve patients wit
Swiss Wearable Brand MyKronoz Breaks Worldwide Records with its Hybrid Smartwatch ZeTime, on the Sidelines of a Challenging Baselworld 201822.3.2018 16:32 | Pressemelding
On the sidelines of a downsized Baselworld 2018, MyKronoz, the premier watchmaking brand of the smart generation today announces record-breaking crowdfunding results of its hybrid smartwatch ZeTime, with more than $8,000,000 raised in less than a year. The international success of its unique and groundbreaking flagship wearable is followed by the release of a new digital video campaign “I’m a watch; I’m a smartwatch”. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180322005963/en/ MyKronoz ZeTime Petite & Regular top $8M in crowdfunding (Photo: Business Wire) After a historic 35-days Kickstarter campaign launched in March 2017, ZeTime has pursued, since then, its crowdfunding journey on a variety of international and local platforms: Indiegogo, Makuake in Japan, Zec Zec in Taïwan, Wadiz in Korea and on the leading chinese e-commerce website JD.com. Further to this online momentum, MyKronoz has successfully shipped to over 10
Redwood Software Announces First Industry Robotic Licensing Model to Revolutionize Transparent Marketplace Pricing22.3.2018 14:59 | Pressemelding
Redwood Software, the pioneer behind ‘The Robotic Enterprise’, today announced the launch of a revolutionary new robotic licensing model, where customers only pay for the robotic services they consume within their business. Available now, this new licensing model allows customers to directly compare the costs of manual work against processes that are robotized. With the unique Robotic Service Charge, Redwood only charges for the delivery of a robotic service, equivalent to a unit of work that can done by a person (send an email, download a report, reconcile two reports etc.). Redwood delivers a catalogue of 35,000 of these ready built robotic services that can be linked together by business users in a visual plug and play interface. End-to-end business processes can be modelled, robotized, tested and deployed without cost and risk. Only when the robotic service is consumed is a charge made, always replacing work that would otherwise be done manually. Within the Robotic Service Charge,