SchlumbergerSema, a business segment of Schlumberger Limited, announced today that it has been chosen by Nordea to deliver a complete solution for online payment transactions. Some 400,000 users of Nordea's transaction clearinghouse service are able to make online payments and use other electronic services.
Under the agreement with Nordea - which is a continuation of a longstanding collaboration with the company formerly known as Postgirot, now part of the Nordea Group - Schlumberger will install a security solution for customers making payments via the Internet.
"For Nordea, this is a natural continuation of a collaboration that goes back many years," said Niclas Westén, project manager at Nordea. "We began offering this type of solution back in 1989. We handle around SEK 125 billion per month, and not a single krona has slipped through our fingers in all these years. The solution is simple, functional and secure. The latest developments provide a mobile solution that enables users to carry their cards and card readers with them in order to perform their transactions on any computer. The readers are small enough to fit inside a wallet. Even though the cards and readers are new, we won't have to make any changes to our systems, which is a major advantage."
"We are the world's leading provider of smart card solutions," said Tommy Pettersson, area sales manager, Scandinavia Banking & Retail Smart Cards. "This is just one of our many smart card solutions. Not only does this confirm once more that our solutions meet Nordea's stringent security and quality requirements, it also means that we are able to offer Nordea's customers a very user-friendly solution for secure payments."
The solution requires that the user insert the card into the card reader, connect to the Nordea service via the Internet, enter the random number appearing on the website into the reader and enter the PIN code. The card then automatically generates and displays a number, which the customer enters during login. For all payments, a digital signature and payment certificate are created when the account number and payment amount are entered.
About Nordea
Nordea is the Nordic and Baltic region's leading finance group with operations in four business areas: Retail Banking, Asset Management & Life, Corporate and Institutional Banking and General Insurance.
About SchlumbergerSema
SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology services company. With more than 30,000 employees serving customers in 65 countries, SchlumbergerSema aggregates IT consulting, systems integration, managed services and related products to the oil and gas, telecommunications, energy and utilities, finance, transport and public sector markets. Leveraging the Schlumberger DeXa* Suite of Services, it also provides IP network connectivity, information security solutions, distributed computing support services and data center hosting services. In 2001, Schlumberger revenues were $14.3 billion.
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