"The deciding factor when PayEx decided to use EDB as a supplier was the company's long-standing experience in payment solutions combined with its extensive expertise in IT operations", explains Raymond Klavestad, CEO of PayEx Solutions AS.

 

PayEx is one of the leading Nordic experts in payment services, and offers services for online payments with strict standards for security and functionality. EDB is to take on responsibility for providing operating services for all the card-based systems offered by PayEx, including payments by Internet, mobile telephone and retail stores. The new operating environment to be developed by EDB is specially designed to comply with the international security standards for card transactions.

 

New international standards for payment services, including PCI-DSS (Payment Card Industry Data Security Standard), will play an important role in PayEx's future market situation. EDB has extensive expertise in this area, and as part of the development of EDB's own card service systems the company has developed a suite of standardised solutions for operating customer applications that fully comply with PCI-DSS, regardless of the server platform used. EDB was selected by PayEx in competition with a number of other vendors in the market.

 

"EDB is a good choice for PayEx, and I have every confidence in our future collaboration. EDB stood out as the vendor with clearly the best expertise in operating business critical payment solutions in a certificated infrastructure based on PCI-DSS", explains Raymond Klavestad. PayEx currently uses another operating services vendor for one of its platforms, and operates other aspects of its services in-house. PayEx have now agreed to transfer these operations to EDB.

 

There is a general trend in the market for more specific security requirements to be applied not only to applications but also to the underlying infrastructure. EDB has a long history of working with major customers who set the highest standards in this area, not only in banking and finance but also in telecommunications and the public sector. New industry standards are now coming into force that formalise these requirements.

 

"Thanks to the work and resources committed over a number of years, EDB is now at the leading edge of development in this area, and we believe this market offers major opportunities for EDB. This agreement is a concrete example of our successful expansion into new segments of the market, and we are delighted to see the confidence PayEx has shown in EDB", comments Anette Willumsen, Vice President responsible for the Retail and Industry unit at EDB.

 

 

Anette Willumsen, VP, Retail and Industry, EDB. Tel: +47 915 39 838

Raymond Klavestad, CEO, PayEx Solutions AS. Tel: +47 911 31 904

Geir Remman, EVP - Corporate Communications, EDB. Tel: + 47 970 55 017

 

 EDB Business Partner is a leading stock exchange listed IT group for the Nordic region. The group has 3,800 employees, and reported turnover of NOK 5.8 billion in 2006. EDB delivers solutions that cover the entire range of business critical IT services from application services and industry-specific solutions through to IT operating services and network solutions. EDB is committed to being a close and attentive IT partner that helps its customers operate more efficiently and achieve their business objectives. EDB Business Partner is listed on Oslo Børs with the ticker code: EDBASA.