PBS has entered into a five-year strategic agreement with the Nordic credit card company EnterCard which is one of the largest of its kind in the Nordic countries.
The agreement enables EnterCard to offer its products on the Danish market, too.
As sub-supplier to EnterCard, PBS will deliver services in a number of fields such as the forwarding (routing), handling and administration of payment card transactions for merchants. The agreement contributes to supporting PBS's strategy of international growth.
"It is an important agreement for PBS which both reaches into the future and consolidates our position as the leading processor of payment transactions on the Nordic market. EnterCard is a credit card company with big ambitions which may create new and exciting possibilities for PBS," says Susanne Brønnum.
Today, the EnterCard group handles more than 700,000 credit cards and has around 150 employees in Stockholm, Oslo and Trondheim. The company already has a significant market share in Norway and Sweden, and it is the company's objective to become the largest credit card company in the Nordic and Baltic countries. The company was founded last year by a merger of FöreningsSparbanken's Norwegian and Swedish credit card companies in combination with Barclaycard's international qualifications. Barclaycard is Barclays Bank's global card company.
EnterCard has set up business in Denmark under the management of Freddy Syversen, Managing Director of EnterCard Norway.