Novum Bank: Prepaid market is a growth opportunity for Retail (news with additional features)
(firmenpresse) - (DGAP-Media / 18.07.2013 / 09:00)
Novum Bank 'Cards&Stored Value' offers tailor made card programs aimed at
increasing revenues and retaining customers
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
Novum Cards Services GmbH&Co. KG
Pascal Beij
Geisenhausenerstr. 15
81379 Munich
+49 89 452284350
End of Media Release
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Additional features:
Picture: http://newsfeed2.equitystory.com/novumbankcards/221502.html
Subtitle: Bezahlverfahren im Einzelhandel
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Issuer: Novum Bank Cards and Stored Value
Key word(s): Finance
18.07.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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221502 18.07.2013
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Datum: 18.07.2013 - 09:00 Uhr
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News-ID 279515
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