DENMARK: BANKS TO DISCONTINUE BANK CARD DEVELOPMENT

Article Abstract:

Banks in Denmark are to discontinue their efforts to develop a more secure payment card with an electronic chip due to the reluctance by the retail trade to pay for the development by charging a fee for payment card transactions in stores. This means that the Danish dankort payment card will not be equipped with a chip but the VISA and Mastercard payment cards will have a chip so as to avoid damages required by foreign card companies.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
General services, Consumer Lending, Personal credit institutions, Consumer Finance Institutions, Consumer finance companies, MasterCard International Inc., Visa International Service Association

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Denmark: Recession hits earnings by Danish banks

Article Abstract:

According to consultancy company Bjarne Jensen Consult, recession has had a negative impact on Danish banks; their earnings are on the decline and they report a slightly raised risk level. BJC, however, expects "fairly good" annual results for banks.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
Financial analysis

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Subjects list: Commercial banks, Denmark
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