21 February 2018
visit www.ebaday.com

Swedbank ready for secure shopping with Orbiscom

15 March 2002  |  3181 views  |  0 "picture"

Swedish bank ForeningsSparbanken (Swedbank) is previewing a new secure Internet shopping service developed using dispoable card number technology from Orbiscom.

Customers using the new e-kort service will be provided with a 'virtual' payment card that generates a unique, disposable number for each payment transaction. The card can be used to pay for goods at any sales outlet worldwide that accepts credit or debit cards, without the need for special hardware installation.

Key features of the free service include automatic completion of order forms, transaction history viewing, and the ability to charge purchases to different accounts, says the bank.

Kennet Karlsson, head of market cards and payments at ForeningsSparbanken, says: "E-kort is the first in a series of enhanced payment products that we are currently developing with Orbiscom to meet the evolving needs of our customers."

Swedbank is demonstrating the system at the CeBIT technology fair in Hannover. The bank first contracted with Orbiscom in late October last year. The vendor has also signed agreements with Carte Bleue and Discover.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Egg to offer digital payments to Hotmail users

Egg to offer digital payments to Hotmail users

25 February 2002  |  5688 views  |  0 comments
Scandinavian tech companies pilot infrared mobile payments

Scandinavian tech companies pilot infrared mobile payments

19 February 2002  |  5221 views  |  0 comments
Payments key to profit margin for banks

Payments key to profit margin for banks

12 February 2002  |  7169 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsvisit www.ebaday.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10127 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9718 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8481 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7154 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6869 views 0 | 7 tweets | 5 linkedin

Featured job

Find your next job