The new five-year agreement between Danske Bank and PBS includes payment card processing in Denmark, Norway, Sweden, Finland, Ireland and Northern Ireland.

”PBS is one of Danske Bank’s most important and strategic partners. PBS supports our business in a very positive way and with their platform, we feel well equipped for the future - both inside and outside of Denmark,” says Mogens Søndergaard, Senior Vice President at Danske Bank.

For several years, PBS has processed Danske Bank’s payment cards in Denmark as well as abroad. To PBS, the close partnership with Danske Bank has been important for developing the overall international solution that PBS currently offers businesses on a national and international level. PBS processes all of Danske Bank’s payment card transactions, regardless of payment card type, country of operation, language and currency.

”Card issuing and transactions must be a smooth process for our customers. And by delivering a rock solid performance, we make sure that the process is exactly that,” says Flemming L. Jensen, CEO at PBS. The agreement with Danske Bank also provides a stepping stone to the joint development of new services and business opportunities.

“Providing card services for Danske Bank is the cornerstone of our international expansion strategy. The new agreement gives us a wonderful opportunity to develop operations as well as new services, and to do this in close dialogue with Danske Bank on their needs in the local markets. The link between efficiency and local competence is one of PBS’ strengths in the future competition for international customers,” says Flemming L. Jensen.

For press inquiries, please contact:

Public Relations Manager Søren Winge, PBS A/S, at +45 44 89 26 35 or Senior

Communications Consultant Anders Frederik Gjesing, Danske Bank, at +45 40 52 91 90.

About PBS
PBS A/S is one of the leading suppliers of e-payment solutions in the Nordic region. PBS’ primary business areas include payment cards, payment services and secure digital data communication. PBS offers one of the world's most advanced state-of-the-art payment platforms and is the 5th largest card processor in the European market. PBS has about 850 employees and offices in Denmark, Sweden and Norway. In 2008, PBS’ net turnover amounted to DKK 2.5 billion. PBS is owned by a number of Danish banks and Danmarks Nationalbank (the Danish Central Bank).

About Danske Bank

In addition to being the largest financial business in Denmark, Danske Bank Group is one of the largest financial businesses in the Nordic region measured by total assets. Danske Bank offers a broad range of services to customers in Denmark as well as abroad within areas of banking, mortgage credit, insurance, leasing, real estate and asset management. The bank operates in 14 countries and has more than 700 branches, five million customers and about 23,000 employees.