The two companies, the owners of BBS, Teller and cards and payments company PBS, will join forces to create a Northern European provider of solutions within payments, cards and information exchange. Cards, payments, financial acquiring, merchant solutions and e-security will constitute the business segments of the Copenhagen-based company.
Peter Lybecker, Nordea is to hold the position of chairman of the board of directors, while Flemming L. Jensen (present CEO in PBS) and Rune Fjeldstad (who works for Norways financial services group DnB NOR management team) will be part of the company`s management team. PBS has already closed a partnership with BBS through NETS (Northern European Transaction Services). Qwned by the Nordic banks, BBS offers electronic security, payment and information services. Teller is a provider of card issuing services, and an acquirer of international card transactions in Norway. PBS Holding A/S, develops and operates solutions for payment systems. The company also provides IT services, such as certification of payment solutions, certificate administration, data communication, pin code generation and printing, and printing and mail insertion services.
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