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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 websites.
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
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Thursday, December 5, 2013
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