Nordea plans payments perfection with Connect injection
Nordea has unleashed its Connect payment solution to help the online buying experience for consumers and merchants.
According to the bank, for online consumers they can use Nordea Connect to choose the payment method they desire: Swish, Siirto, ePayments (Finland) and “all major bankcards” are accepted.
Payment information is saved and so “making it more likely that repeat purchases can be made at the same merchant”.
Erik Zingmark, Nordea’s head of transaction banking, says Nordea Connect “provides an opportunity for merchants to add value to the critical final step in the selling process”.
He adds: “Allowing consumers to pay the way they want removes obstacles to sales and increases conversion rates. Accepting payments through a trusted brand strengthens credibility in an area of e-commerce where the consumer requires maximum reliability.”
Merchants have all of the payments they receive sent directly to their Nordea account.
It is now launched in Sweden and Finland, with plans for Denmark and Norway later this year.
There are no exact dates, but the bank says in the near future the solution will also offer analytics tools for merchants so they can see the spending patterns of their customers and “identify opportunities for growth”.
Last month, Nordea said it was progressing with its enterprise-wide technology overhaul. The bank said new savings and term deposit accounts for Finnish household customers are being opened on the new core banking platform, Temenos’ T24.
In the bank’s Q1 2018 financial results it also revealed developments concerning the roll-out of a new collateral management module in Norway
In addition, there was a “completely new” mobile banking app, with Finland as the first country.
And finally, on the blockchain front, Nordea joined the we.trade consortium as founding partner. Together with IBM, we.trade is building a platform based on distributed ledger technology (DLT) that aims to make domestic and cross-border commerce easier, safer and more efficient for companies.