Money 20/20 Europe Will be Nothing but Ginormous This Year

The world’s largest Fintech, Money 20/20 Europe (June 26-28), is all set for June in Copenhagen. While there are many FinTech gatherings this event is super cool as it is decidedly, European. It is ginormous too! In its first year, Money20/20 Europe attracted 3,725 attendees, including 500 CEOs, from 1,500 companies and 70 countries. The show featured 422 speakers, over 200…

Puut Social Network Service

Puut Technologies A/S, today announces the general availability of its Social Network Service to enable social shopping and crowdfunding, and to provide smart phone users, service providers and merchants with money and content sharing as an alternative to cash, credit cards, loyalty cards, ID cards, tickets and boarding pass. Puut is a feature-rich social utility that enables social shopping, crowdfunding as well as money and content sharing between smartphone users, service providers and merchants worldwide. Puut ticks all the technology boxes and allows users to simply get on with their life.

Nets Inks Banks to Extended Contract

A new agreement with the Danish Regional Bankers’ Association (RBF) and The Association of Local Banks, Savings Banks and Cooperative Banks in Denmark (LOPI) through their new umbrella company BOKIS A/S ensures that Nets will continue to handle international payment card services for the approximately 70 member banks until 2018. The agreement was signed and puts in place the framework and structure for future new agreements, thus ensuring expedient and flexible implementation of new services. These include a substantially improved fraud management system which is currently being implemented, and contactless international cards that will be issued on the Danish market during the summer.

Oberthur to Provide TSM for Nets Nordic NFC SIMs

Oberthur Technologies announced Nets digital money, digital information and digital identities and card processor selected its Trusted Service Manager (TSM) to secure NFC services for partnering banks and other service providers across Nordic countries. Hosted in Oberthur Technologies’ highly-secured data centre in Tewkesbury (United Kingdom), the TSM will allow each bank partnering with Nets to securely issue, distribute and administrate payment cards into the NFC SIM cards of their respective customers. Nets will be able to aggregate different types of NFC payment cards (debit, credit and prepaid cards) and will be open to other forms of mobile payment solutions in the future, as well as to a variety of digital services (tickets, travel cards, electronic keys, membership cards…). It will be provided as an open, flexible white label solution so that the end-users will perceive this as their individual bank’s or service provider’s solution.

Ukash Expands Serviced Countries

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ukash, the international eMoney payment method, is now available throughout Denmark via one of the world’s most recognisable global brands, 7-Eleven. 7-Eleven has been in Denmark since 1993 and many of the 195 locations are often in convenient locations including high streets, railway stations and airports, many are open 24hrs a…

GE Capital & PANDORA Partner, Launch Credit Program

Consumers now have new payment options to purchase jewelry to mark the special moments in their lives with the introduction of a consumer financing program from GE Capital’s Retail Finance business and PANDORA. In a multi-year agreement, backed by GE Capital, PANDORA offers a range of convenient payment options with its credit card program on the full line of PANDORA jewelry products and collections, including bracelets, charms, watches, necklaces and pendants. The special financing program is currently available for purchases at select PANDORA concept stores nationwide, and will expand to more retail locations in early 2012.

American Express sets up at Copenhagen Airport

American Express foreign exchange and credit card company opened its first foreign exchange bureau at Copenhagen Airport, and another two American Express locations will open in the transit area in Terminal 2 and Terminal 3 respectively within the next few weeks. In addition to buying and selling cash in virtually any currency, the three new American Express bureaux will also offer an online service allowing the company’s corporate customers to pre-order foreign exchange for their trip. The bureaux will also offer a number of other services such as selling and cashing American Express travellers cheques, information to American Express card holders and sales of pre-paid international phone cards.

Xpress Money Expands Network

Xpress Money embarked on the Ireland and Denmark markets. Given 19% of Ireland’s population constitutes of immigrants with a number roughly around 900,000, with a major concentration in Dublin and in suburbs like Clondalkin, Tallaght, & Blanchardstown, Ireland is being both a send and receive corridor. Figures show inward remittances are at about USD 618 million and outward remittances at USD 2bn. Meanwhile, in 2009, the inward remittance to Denmark was at USD 926 Million and has gone up to USD 952 Million in 2010. Outward remittances were significantly higher at USD 3417 Million. Xpress Money’s entry into Denmark couldn’t have been at a more opportune time, with the remittance industry picking up pace.