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Nordea signs Nordic-wide card services agreement with Luottokunta

25 May 2010  |  3347 views  |  0 Source: Luottokunta

Nordea, the leading Nordic bank has signed a long-term service agreement with Luottokunta for the chip card data management of its Nordic payment cards as well as production of card personalisation material (Smart Card Management).

This service will cover all Nordea's payment cards in Finland, Sweden, Norway and Denmark. Nordea manages numerous card schemes in the Nordic countries, including both international Visa and MasterCard card products and national payment cards.

"We are delighted that we will be able to offer our special expertise in payment card management on a Nordic level. We have long experience in providing security calculation services and special expertise in chip management ", affirms Mikko Pilkama, Executive Vice President at Luottokunta.

"Since we have systematically developed our Smart Card Management service, we are no longer dependent on individual card personalisation companies, which in turn makes competitive bidding easier."

"This agreement efficiently implements Luottokunta's strategy of being the best partner in card payments in the Baltic Rim", continues Pilkama.

Luottokunta's Smart Card Management service package contains payment card product set-up and maintenance services, card manufacturing material processing, security calculation services, and support and consultancy services.

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