Summary: Card based payments at
point of sale are increasing. Even today the classical retail channel
processes almost EUR 2,000 billion annually in card payments in Europe.
Novum Bank can support retailers in capitalizing this growth by offering
white labelled prepaid card programs
Payments are increasingly done with credit, debit and prepaid cards.
Therefore, it is becoming more important for retailers to have a proper
payment strategy in place. Novum Bank’s "Cards & Stored Value" business
offers specific retail solutions for open, restricted, and closed loop
card programs; all structured under a banking license.
Novum Bank (formerly known as VoiceCash Bank, founded four years ago)
positions itself as a partner for retailers and corporates in
structuring eMoney based prepaid debit cards, gift cards, electronic
vouchers and similar services. The card solutions of Novum Bank enable
business customers and partners to expand their business quickly,
address potential customers and increase brand awareness, e.g. via
"white label" solutions with own card designs, functionalities and
Novum Bank consistently relies on state of the art technology: products
can be structured with PayPass NFC technology, cash top-up systems, and
remote access capabilities for consumers and employees.
As a principal member of the MasterCard organisation, Novum Bank is an
issuer of MasterCard and Maestro Prepaid Card cards, in addition to its
own eMoney based vouchers and gift cards. Novum has a European Union
SEPA banking licence and hence fulfils all regulatory requirements like
customer identification, verification, anti-money laundering policies
and all other regulatory banking and eMoney requirements. Novum Bank
"Cards & Stored Value” is initially going to market in Germany, Belgium
and the Netherlands, with further European markets in the coming years.
The CEO of Novum Bank "Cards & Stored Value”, Pascal Beij, emphasises
the growth opportunities for the industry: "Even today almost EUR 2,000
billion and therefore more than a third of point of sale revenue in
Europe is done via card based payments. This number will grow
substantially in the coming years, also with new technologies like
mobile wallets and mPOS terminals for cards coming into play. With our
'Cards & Stored Value' solutions we offer companies, retailers, but also
other banks, state of the art card programs to increase revenues and
drive customer retention."
About Novum Bank
Novum Bank Limited is a specialist for prepaid card programs and "Cards
& Stored Value" solutions. As a principal member of MasterCard it can
issue innovative Mastercard and Maestro card products across Europe.
Novum Bank has a banking licence incl. eMoney licence for the European
SEPA region and is authorised and regulated by the Malta Financial
Services Authority (MFSA). Novum Bank stands for Innovation, Simplicity
and delighting our Customers. For more information see www.novumbankgroup.com