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NETS, SEB Kort sign 3-year card processing deal

Friday 26 September 2008 16:09 CET | News

Sweden-based credit cards and charge cards supplier SEB Kort has closed a 3-year deal with card transactions processor NETS (Northern European Transaction Services). Under the terms of the agreement, the former is to collect and process the payment transactions via one supplier, NETS. The agreement includes only the Nordic region of Europe.

SEB Kort reports that the number of cards issued by the company reached 3.2 million at the end of 2007, while outstanding credits reached SEK 14.5 billion (EUR 1.5 billion). SEB Kort has been involved in acquiring agreements with 229,000 merchants across Scandinavia. SEB Kort supplies a number of well-known brands such as Eurocard, Euroline and Diners Club.


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Categories: Payments & Commerce
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Countries: World
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Payments & Commerce