Nets Group

Nets Group

Nets Group is a Danish/Norwegian company which is the result of the merger in 2010 between PBS of Denmark, BBS and Teller of Norway.-External links:* * http://www.pbs.dk* http://www.bbs.no* http://www.teller.no* http://www.manison.fi * http://www.bbs.dk...

 is the result of the merger in 2010 between PBS

PBS A/S

PBS A/S specializes in electronic payment services. The company develops and operates solutions for payment systems and is a leading supplier of payment solutions and related services to banks, private associations and public institutions...

 of Denmark and BBS and Teller of Norway
Bankenes BetalingsSentral or BBS was a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 company that provided centralised management of payment transactions, giro

Giro

A Giro or giro transfer is a payment transfer from one bank account to another bank account and instigated by the payer, not the payee...

 management and bank clearing

Clearing (finance)

In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction....

.

The most central solutions were Bankgiro

Bankgiro

Bankgiro is a Norwegian giro system used by all banks in the country, managed by Bankenes Betalingssentral . The system allows indiscriminate transactions between private accounts in all Norwegian accounts using Norwegian krone...

, eFaktura

EFaktura

eFaktura is a Norwegian electronic billing system issued by Bankenes Betalingssentral . The system involves both business-to-customer systems, branded as eFaktura, and business-to-business branded as eFaktura B2B...

 and BankAxept. The company also developed technology related to transactions and online banking

Online banking

Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.-Features:...

 services. BBS was owned by the banks in Norway, and based in Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

.