TCS bags multi-yr contract from European payments firm Nets

TCS contact comprise application maintenance and development of services

PTI | September 16, 2011



Country's largest software exporter Tata Consultancy Services (TCS) today said it has signed a multi-year contract with Nets, one of the largest payment cards, payment solutions and payment exchange information companies in Northern Europe.

The deal size was, however, not disclosed.

The contract comprises application maintenance and development services across Nets' value chain of cards, payments and eSecurity, TCS said in a statement.

In 2010, Nets group companies Norwegian BBS and Danish PBS (operating in Norwegian and Danish payments market, respectively) were merged to offer services in the Nordic region and now, the group aims to expand into Northern Europe.

"After the merger, we were looking for a strategic partner to achieve strong business synergies in our post-merger integration. We are certain that we have found this partner in TCS," Nets Head of IT Sourcing and Vendor Management Jan Erik Secker said.
 

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