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Nets and BluOr Bank Announce Issuing & Processing Agreement
Nets, part of the European PayTech, Nexi Group, today announces an agreement with BluOr Bank, one of Latvia’s leading banks for business and entrepreneurs in the Baltic region. BluOr Bank will leverage Nets’ payment card issuing services, offering an enhanced customer banking experience.
Nets will process BluOr Bank’s customers card transactions, offering greater security and convenience when making payments and withdrawing money. Nets will also facilitate the connection between BluOr Bank and its card production bureau, ensuring a smooth and efficient process for issuing payment cards, including credit and commercial cards for entrepreneurs and businesses.
BluOr Bank also opted to leverage Nets’ supportive services to ensure it offers the highest levels of customer service. This includes Nets’ fraud monitoring solution, its 3-D Secure (EMV® 3DS) protocol – enabled by its Access Control Server system – for securely authenticating eCommerce card transactions, and Nets’ call center support for off-hours card closing activities.
Henrik Anker Jørgensen, CEO of Nets Estonia AS and Head of Nets Baltic Region at Nexi comments: “We are both proud and excited to welcome BluOr Bank to Nets. Our work as the leading PayTech in Europe affords us regional scale and in-depth local insight. We have been able to utilize these capabilities to benefit BluOr Bank by tailoring our issuer proposition to suit the regional payment preferences of its customers in the Baltics.”
Valda Zute, Head of Structural Division, at BluOr Bank comments: “Partnering with Nets allows us to enhance the efficiency and security of our card services, ensuring a seamless experience for our customers. By leveraging Nets’ expertise in transaction processing and fraud prevention, we can continue providing reliable and innovative financial solutions tailored to the needs of our clients.”
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