Evry and Aktia Bank in Finland enter into card agreement worth Nkr150 million
02 October 2017 | 2825 views | 0
EVRY has entered into an agreement to deliver the entire value chain for card payment to the Finnish bank Aktia. As part of the agreement, EVRY will deliver virtual debit and credit cards for Aktia’s digital wallet solution, Aktia Wallet.
The agreement, which runs for a period of five years, was won against strong competition from other technology providers. EVRY will deliver everything from physical debit and credit cards to digital card payments and related services, such as card administration, authorisation processing, transaction monitoring and security solutions that detect and prevent fraud.
Through the agreement EVRY will support Aktia’s focus on virtual payment cards on mobile phones. With Aktia’s digital wallet solution, Aktia Wallet, the bank’s customers are able to make quick, simple and secure digital payments across a range of devices and channels - online, in-app and contactless in shops.
EVRY’s card solutions are already in use at over 100 card issuers in Scandinavia and the UK. Aktia Bank will be one of the first customers to use EVRY’s new software for digitising cards on mobile devices. This will mean cards will be issued in real-time, allowing customers to immediately use their mobile phones to pay at every payment terminal that accepts contactless payment in the world.
“Aktia continuously improves its financial services and products and their availability. We therefore need a collaboration partner that leads the field in the development of card and payment solutions and offers innovative and stable services. We are working hard to offer new solutions that will make it easier for our customers to manage their finances on a day-to-day basis, and this collaboration with EVRY will help accelerate developments in this area. The breadth of EVRY’s deliveries mean that we only need to have a relationship with one collaboration partner in the card area”, comments Anton Tulikoura, Director Loans and Cards in Aktia Bank.
“Aktia is a very important customer for EVRY and we are proud they have chosen to put their trust in us once again. We are now expanding our existing collaboration with Aktia with an increased focus on new and innovative services. Paying should be easy, quick and simple. This agreement will give the bank’s customers exactly that, and will simplify Aktia’s work. Digitalisation and new market entrants are creating a need for solutions to be even more personalised and customised. We will help with this through our specialist expertise and thus create digital advantage for Aktia”, comments Christer Jonsson, SVP Card, EVRY Financial Services.
“EVRY has spent many years building up its unique position as a collaboration partner to the banking sector. This agreement strengthens our position in the Finnish market, which is a strategically important market for us. It is also further confirmation that our offer is attractive and we look forward to continuing our successful collaboration with Aktia in the years ahead”, comments Wiljar Nesse, EVP Financial Services, EVRY.