Since 2009, household debt in Norway has according to Statistics Norway increased by nearly NOK 1,500 billion, and a Lindorff report states that one in seventeen Norwegians has non-payment records. In order to counter the trend toward excess debt, Norway is introducing the credit information register.
Use of real-time payments is one of the most dangerous trends in fraud, including so-called authorized push payment fraud. Criminals trick consumers into authorizing a payment of a fake invoice or unwittingly sending an SMS that triggers a payment.
Criminals utilize new technology and new schemes to commit payment fraud. Therefore, banks and card issuers must be even more sophisticated and use the latest analytic innovations to fight fraud.
Payment fraud is a pressing issue as criminals increase their level of sophistication and use of technology. New security solutions expose more than 8 out of 10 attempts, even before the fraud comes to the customer’s attention.
Scandinavian finance leader wins FICO® Decisions Award for Fraud Control using the FICO® Falcon® Platform Cloud Edition.
EnterCard Group AB and Coop Sweden AB have entered into a partnership agreement where EnterCard, as new credit provider, will provide credit cards to Coop’s Swedish members. The new partnership means that Coop’s credit cards will be upgraded with several new features and services in March this year.
EnterCard has signed an agreement with Oslo Spektrum - an indoor arena for concert and events in Oslo. The agreement runs from January 1st, 2015 till December 31st, 2015.
With a simple touch, all re:member customers with an iPhone 5S or newer, can now log in to their re:member app to check their balance, their credit limit, stay on top of transactions, increase their credit limit, and transfer money to their own bank account. This is possible through the launch of Touch ID technology in the new re:member app in Norway and Sweden.
Entercard is a Scandinavian company that delivers smart payment and financing solutions to 1,7 million customers. Entercard was founded in 2005 as a joint venture between Swedbank and Barclays Principal Investments Limited. We design and issue credit cards and consumer loans to suit customer needs, both in cooperation with banks, organizations and retailers, and through our own consumer brand re:member. Entercard has 400 employees located in Stockholm, Oslo, Trondheim, and Copenhagen.
Klarabergsgatan 60
SE-111 21 Stockholm
Sweden