CardFlash News Briefs: PANGEA (D2D); PAYSWAG (Cloud); SEAMLESS (JYSK); and PERK (ZTE).
Sweden has become the first Nordic country to issue MasterPass digital wallets. Nordea, SEB and Swedbank are the first banks to issue MasterPass, soon to be joined by ICA Banken and Resurs Bank.
Sweden-based Seamless posted third quarter revenue of SEK 75 million, an increase of 75% compared to the same period last year. The Company’s Flagship product, SEQR, is now looking for one or more co-investors.
Sweden-base mobile payments firm iZettle has raised 60 million euros ($67.79 million) as it expands beyond its core card reader business to launch a financing service giving clients access to capital through advances on future card sales.
Accenture has acquired Brazils’ AD.Dialeto, strengthening its digital marketing services provided through Accenture Interactive, part of Accenture Digital.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Håkan Persson, CEO at Precise Biometrics.
CardWeb.com’s CardData database of Company Profiles today features iZettle.
The first bank to launch dual Interface payment cards in Sweden is underway. Oberthur Technologies (OT) and ICA Banken will distribute 500,000 cards to ICA Banken customers in the coming months.
WEX Europe announced its European travel customers now have the ability to issue and settle payments in 11 currencies, up from three currencies, through WEX Virtual Payments.
The Swedish distributor of the SEQR mobile wallet reported net revenues for the fourth quarter, on an annualized basis, increased by 6% in comparison with the previous year.
Nets announced its latest partnership with Skandia Bank to oversee its issuing services for its payment cards. For Skandia’s bank this means becoming part of a larger IT infrastructure and therefore avoiding having to develop and maintain complicated IT systems themselves. For Nets, this contract is another important step into the Swedish banking market. All services provided are core Card services which Nets already supplies to a large number of banks in Norway, Finland, Denmark and the Baltic countries.
Sweden’s ICA Gruppen is launching contactless card payments. The launch means that during 2015 ICA Bank’s over 500,000 card customers will be sent a new bank card adapted for this technology.