19 October 2017
Register now

Swedbank ready for secure shopping with Orbiscom

15 March 2002  |  3125 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  |  5666 views  |  0 comments
Scandinavian tech companies pilot infrared mobile payments

Scandinavian tech companies pilot infrared mobile payments

19 February 2002  |  5116 views  |  0 comments
Payments key to profit margin for banks

Payments key to profit margin for banks

12 February 2002  |  6995 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15496 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8691 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8310 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7762 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6954 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job