Christer Jonsson, SVP Card Services, EVRY
(Oslo, 21 November 2016) Handelsbanken Norway and EVRY are to launch bank cards for contactless payment. This means that customers will be able to pay contactlessly using their BankAxept card with their current account debited accordingly. The innovation is based on a new standard that paves the way for far more Norwegian shops to start accepting contactless payment.
The ability to pay contactlessly using a debit card is new in Norway and makes it even easier for customers to pay: it is possible to pay using the new contactless cards in less than half a second, and for amounts less than NOK 200 no pin code is required. The transaction takes places as the card is held over the payment terminal.
New and useful solution
BankAxept is a national card scheme owned by the banks in Norway, and it is the most used payment system in the country. The new standard for contactless payment cards from BankAxept was announced at the Financial Industry Digitalisation Conference (Finansnæringens digitaliseringskonferanse) in Oslo on 9 June this year, and Handelsbanken Norway and EVRY have now already put in place a solution based on the new standard. All of the bank’s customers who use BankAxept will be able to start using the new contactless cards. Handelsbanken Norway expects most of the debit cards issued in 2017 to have BankAxept contactless functionality. The retailing industry is following the technological development carefully, and widespread adoption of contactless BankAxept is an important requirement for more shops to start accepting contactless payment.
- Handelsbanken wants to launch solutions its customers find useful, and it enjoys a successful collaboration with EVRY in the area of innovation. We are proud to be among the very first to launch contactless BankAxept cards, comments Anthony Brady, Manager for Cards at Handelsbanken Norway.
“This launch puts Handelsbanken in a favourable position in relation to international progress in the payment market. The agreement is important to EVRY and will help to open the market up for mobile payment and innovation. All Norwegian banks are keen to transition to contactless BankAxept cards, and strong growth in this type of card is expected in 2017”, comments Christer Jonsson, SVP Card Services, Financial Services, EVRY.
“With its knowledge and expertise in payment, EVRY is an important collaboration partner to BankAxept in its work to deliver new payment services in Norway. We are working closely with EVRY and other providers, and are seeing services such as contactless payment and mobile payment using common standards become much more widespread in the Norwegian market,” comments Øyvind Apelland, CEO of BankAxept.
BankAxept AS is owned by the banks in Norway. BankAxept AS develops new payment solutions in new channels on a commercial basis. This includes developing contactless payment using cards and mobile devices, internet payment solutions and instantaneous account-to-account payment services. BankAxept AS develops and manages payment products for Norwegian banks using the BankAxept brand.
Viola Hellström, VP Communications, Financial Services, EVRY, tel. + 46 73 708 17 27
Lars N. Sæthre, Head of Corporate Communications, Handelsbanken, tel. + 47 920 16 566
About Handelsbanken Handelsbanken in Norway is one of the country’s leading banks in both the retail and business banking markets. In Norway Handelsbanken has a lending portfolio of NOK 232 billion. With 50 branches and approximately 750 employees, Handelsbanken is represented across Norway. In addition to traditional banking, Handelsbanken offers services in life insurance, asset management and securities (fixed income and currencies, stock brokerage, corporate finance). Handelsbanken in Norway is part of Svenska Handelsbanken, a leading Nordic universal bank. The group has 11,500 employees in over 800 branches across more than 20 countries, and was set up in 1871. Its head office is located in Stockholm. The bank is listed on the Stockholm stock exchange. www.handelsbanken.no
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