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Nets is part of Nexi Group - the European PayTech
We are the European Paytech with the scale, the capabilities and the proximity to provide the simplest, fastest and safest payment solutions, to people, businesses and financial Institutions.
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Nexi, The European PayTech
Nets shared the findings of its preliminary analysis of the operational disruption that affected card payments in Nordics on 21 May. The analysis indicate that the incident was triggered by a network connectivity issue affecting the payment processing environment, which subsequently led to an overload situation and prolonged the recovery process.
A rare component failure prevented Nets from instantly switching to its redundant card platform on Saturday evening. Measures are now being implemented to prevent a similar incident from recurring, and an expanded offline procedure will ensure that even brief outages do not disrupt payment flows.
The Danish private equity firm, CataCap, has signed an agreement to acquire e-Boks from its two owners, Nets and PostNord.
Nexi will simplify the organisation by combining the two merchant serving business areas and further empower the regional management to strengthen local cross-business collaboration. Torsten Hagen Jørgensen has decided to leave the company, and Christian Segersven takes over as Chief Business Officer for Issuing Solutions in Nordics.
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