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Nets says it plans for an initial public offering, with Scandinavia’s biggest payments processor is aiming to raise DKr5.5bn ($824m) through the issue of new shares and a partial sell down by its private equity owners. The planned flotation on the Danish stock market comes only two years after it was bought by Bain Capital [...]

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Nets, the household name in Scandinavian payment processing, is on-boarding Nordic issuer portfolio’s in credit cards and sales finance onto WAY4, the e-payment processing framework developed by OpenWay. Card portfolios of five banks in Finland, Norway and Denmark are already being processed on WAY4 and soon also the migration in Sweden will be completed. For [...]

The post Nets migrates to WAY4 to advance its banks card business appeared first on Payments Cards & Mobile.