SpareBank 1 of Norway has announced the renewal of an agreement that will allow Nets cards to continue various banking services, reports Finextra. SpareBank said that the agreement will give them the opportunity to continue cost savings for the bank. The renewal will include the continuance of transaction processing, dispute and chargebacks, clearing and settlement, emergency services for SpareBank customers and more.
“This is a strategically important agreement for us. SpareBank 1 Alliance is the second largest card issuer in Norway, and we are very pleased that SpareBank has chosen to renew the agreement with us. We look forward to continuing close and good cooperation with the banks,” explained Mete Kamsvag, CEO at Nets.
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