DIBS Payment Services

Nelly.com launches in the UK with payment solution from DIBS

DIBS Payment Services — Thu, 19 Apr 2012 16:47:00 +0200

DIBS, the leading provider of payment solutions for e-commerce in the Nordic region, today announced that Nelly.com launches in the UK with a payment solution from DIBS. Already today, Nelly.com uses DIBS´ payment solution in the Nordics and in a number of other European countries.

“Nelly.com has an inspiring range of fashion and beauty products for fashion-conscious women and men. Thanks to DIBS, we offer an easy payment process with multiple local payment options to avoid missing sales opportunities in Europe,” said Peter Rosvall, CEO of Nelly.com.

“DIBS’ payment solution makes it easier for Nordic e-retailers to grow internationally. On the UK market, we have an extensive infrastructure for our customers to receive payments easily and securely from as many consumers as possible. We look forward to contributing to Nelly.com’s launch and success in the UK,” says Eric Wallin, CEO of DIBS.

In the DIBS E-Commerce Survey 2011, the total UK e-commerce market was estimated to amount to approximately 556 billion SEK in 2011, which is more than twice as much as the total e-commerce market in the Nordics. Fashion accounts for about 7% of the UK e-commerce market, compared with 9% for the Swedish. On average, a British consumer makes e-commerce purchases for 7398 SEK per half year, compared to 6306 SEK for an average Swedish consumer.

Nelly.com was founded in 2004 and is the largest online store for fashion and beauty conscious men and women aged 18 to 40 years in the Nordic region. Nelly.com offers shoes, clothes, dresses, evening dresses, underwear, swim wear, sports fashion, clothes for moms and kids and much more from over 800 different brands.

For further information please contact:

Eric Wallin, CEO DIBS, tel. 46 8 527525 03 or +46703 29 77 74 or email: eric.wallin@dibs.se

Peter Rosvall, CEO Nelly.com, e-mail peter.rosvall@cdongroup.com

DIBS applies to Swedish Financial Supervisory Authority to comply with the EU Payment Services Directive.

DIBS Payment Services — Mon, 26 Mar 2012 16:00:00 +0200

DIBS, the leading provider of payment solutions for e-commerce in the Nordics, has applied to the Swedish Financial Supervisory Authority to become a so called payment institute in order to comply with the EU Payment Services Directive. The ambition is to make it easier for retailers to accept payments via internet and smart phones.

DIBS role in the value chain is to safely and easily manage the transaction flow in digital commerce. The ambition is to simplify for e-shops to start up their business or expand existing offerings to new markets.

By collecting the e-stores' cash flows from various financial players, DIBS can make it easier for stores to launch e-commerce. In addition, it improves the overview of the transaction flows.

DIBS has therefore decided to offer services as a financial counterpart to online merchants for different types of payments. This means that DIBS, in some cases, will act as a so-called payment institute. This is subject to approval by the Swedish Financial Supervisory Authority in accordance to the Payment Services Act (2010:751).

“DIBS is a driving force in e-commerce. We will now simplify the process for companies to start e-commerce and expand into new markets. This makes it even easier to grow digital sales via internet and mobile phones,” says Eric Wallin CEO of DIBS.

Swedish Financial Supervisory Authority ?s handling time is up to 90 days. After approval, the service will be launched in Sweden and then rolled out in the Nordic countries and possibly to other markets as well.

DIBS assessment is that the business opportunities of the new services justify the limited financial risk involved in being counterparty. It is still too early to comment on the effect of DIBS sales and earnings.

For more information please contact

Eric Wallin, CEO of DIBS, +46703 29 77 74 or eric.wallin@dibs.se

DIBS makes it easy for travelers in Denmark to buy tickets on the go

DIBS Payment Services — Wed, 21 Mar 2012 12:59:00 +0100

DSB, the Danish state-owned railway company, launches a user-friendly app for travel information and ticket sales based on DIBS solution for mobile payments. The app is called MobilBilletter Hovedstaden and is developed in cooperation with DSB S-trains, DSB, Movia, Metro and Rail Authority/ DSB Öresund.

DSB's new app MobilBilletter Hovedstaden makes it quick and simple to buy tickets through a smartphone. The app is designed for maximum usability. The traveler adds his or hers credit card information once and can thereafter easily buy tickets.

DIBS provides the mobile payment window that has been customized for DSB. DIBS also manages users' credit card information with the same security as for DIBS other payment options.

“MobilBilletter Hovedstaden is fast and easy to use. We have worked with DIBS to ensure that the payment is as customer friendly as possible, since our studies show that users drop out if it is too difficult to make the payment. Compared to the old SMS tickets MobilBilletter Hovedstaden is a significant improvement, simply because it is a more modern solution that requires less of the user,” says Niklas Marschall, sales manager at DSB S-train.

“As always, security was a key priority when we developed the payment window for DSB. Consumers should feel safe to store their credit card information. Simultaneously, we worked heavily to make sure that the entire payment process is as easy as possible. Three clicks and you get a ticket. It has never been easier,” says Lars Juul Dalsted, Sales Manager at DIBS Denmark.

MobilBilletter Hovedstaden automatically finds the user's location to make it easy to select tickets. The app is proposing the shortest route and travelers can save their favorite destinations and home station. The interface contains a number of control elements, which reduces the potential for abuse. DSB runs one of the largest portals for tickets for bus, train and Metro in the Copenhagen area, selling about 30 000 tickets on their best days.

For more information please contact

Eric Wallin, CEO of DIBS, +46703 29 77 74 or eric.wallin@dibs.se

DIBS is selling its customer base of terminals for physical stores

DIBS Payment Services — Mon, 02 Jan 2012 16:30:00 +0100

DIBS, the leading provider of payment solutions for e-commerce, is selling its customer base of ChipPay terminals for card transactions in traditional stores. Open Solution Nordic AB takes over 1850 mainly Danish customer contracts.

- Terminals for card payments in physical stores are outside DIBS’ strategic focus on e-commerce. In Open Solution we have found a buyer who focuses on developing the solution further for its users, says Eric Wallin CEO of DIBS.

In 2009, DIBS established the payment solution for credit card transactions in physical stores (Point of Sales) with support for PIN and Chip. The solution consists of a terminal from a third party and in-house developed software. DIBS sold the terminals and invoiced an ongoing service fee. New sales declined during the latter part of 2010 in connection with a technology shift.

Open Solution AB assumes the rights and obligations of the ChipPay-contracts and IP rights and source code to the solution. Open Solution and DIBS have also initiated cooperation on payment services.

The approximately 1850 ChipPay customers are estimated to annually generate service revenues of approximately 4 million with a limited impact on net income. The purchase price will not be published.

For further information please contact:

Eric Wallin, CEO of DIBS, +46703 29 77 74 or eric.wallin@dibs.se

Christian Johansson, CEO of Open Solution, christian.johansson@opensolution.se

Open Solution

Open Solution Nordic AB was established in 1990 to develop software and sell hardware to hotels, restaurants, night clubs and casinos, a café and retail outlets. The company has about 20 employees and is run by Christian Johansson. For more information see www.opensolution.se.

Christmas shopping in iPhone with new service Sokoni

DIBS Payment Services — Mon, 21 Nov 2011 12:00:00 +0100

DIBS, the leading provider of payment solutions for e-commerce, today launches Sokoni which is Sweden's first marketplace in your mobile. The launch is in collaboration with American Express. In the iPhone App Sokoni, several stores offer a wide range of goods and services to American Express Cardmembers in Sweden.

Now it's easier and more convenient to shop for Christmas gifts! The free app Sokoni handles the whole process from order to payment. With a few clicks and a personal code, the consumer can purchase products and services anywhere and at any time.

In Sokoni, a wide range of products is offered from more than 20 stores, including clothes, services, and gadgets. There will be several Christmas offers in the app. This is just the beginning and the range of products and services will expand continuously. During next year, several new features will be launched and Sokoni will become available in other smartphones.

“DIBS is driving the development as commerce leaps into smartphones. Sokoni will be expanded step by step and followed by several other initiatives for mobile commerce from us. We are proud to offer secure payment solutions also via mobiles. For us it is important that users feel safe when they shop,” said Eric Wallin CEO DIBS.

At launch, American Express Card is the only payment option. The purchases are reported in the Cardmembers' monthly statements and the members earn points as usual.

“Sokoni is an extension of our longstanding collaboration with DIBS in e-commerce. Our Cardmembers will now have an exclusive opportunity to easily and securely make purchases in a new way. Our Merchants, retail outlets which welcome American Express Cards, get a new distribution channel for products, services and offerings,” said Kathleen Fiorello, VP Head of Merchant Services Nordic Countries.

At launch, this is some of the stores offering goods and services in Sokoni: Bagtoo.se, Beach Lin, Frank Dandy, Top Streetwear, Invintium, Lars Bengtsson, MyTrendyPhone, Frappe, RoyalDesign.se, PAR Courrier, Flower House, GR8 Company, Box Experience, Lyko, Vivamondo, Skultuna and Fishit.

For more information, contact:

Eric Wallin, CEO DIBS tel +46703 29 77 74 or eric.wallin@dibs.se

Charlotte Thorell, Head of Marketing Merchant Services - Nordics, American Express tel +46706 63 73 10 or charlotte.b.thorell@aexp.com

BingoLotto.se connects to DIBS mobile payment solution

DIBS Payment Services — Thu, 17 Nov 2011 13:32:00 +0100

- Bingo is available online since many years. Thanks to DIBS’ payment solution, we are now launching the first Bingo on smartphones in Sweden. This makes our Bingo available via mobile phones and tablet computers wherever our customers are. We believe this is a simple and fun way to take advantage of our offering, says Carl Ståhle, chief operating officer at BingoLotto.se.

- We chose DIBS as their solution for mobile payments worked well with our existing payment solution online. With only a few steps the customers make safe deposits to their account with VISA or MasterCard via DIBS. Mobiles, iPads and mobile payments fit well with games, and we expect that more than 10% of sales will be in mobile devices by 2012, said Carl Ståhle.

BingoLotto is one of Sweden's most popular games. Five years ago they launched an Internet version and now they are taking the leap into smartphones.

- With DIBS´ payment solution it is easy to drive sales in multiple channels, and we are very pleased to get the trust to handle payments for BingoLotto in mobiles, says Eric Wallin, CEO of DIBS. In our study DIBS E-Commerce Survey 2011, we see that 70% of e-shops have not yet launched a mobile site to their customers. With its mobile solution BingoLotto shows that it is possible to use the phone also for efficient card payments.

For more information please contact

Eric Wallin, CEO of DIBS, +46703 29 77 74 or eric.wallin@dibs.se

DIBS E-Commerce Survey 2011 shows that European e-commerce continues to grow and that mobile commerce is reaching a breakthrough

DIBS Payment Services — Tue, 25 Oct 2011 09:00:00 +0200

DIBS, the leading provider of payment solutions for e-commerce, presents today the DIBS E-Commerce Survey 2011. Based on interviews with 9,000 consumers in nine countries, the study concludes that European e-commerce grew 14% in 2011 calculated in euro. In addition, the survey provides several observations that indicate that e-commerce via mobiles (m-commerce) is reaching a breakthrough.

The report is 48 pages of data rich analysis on e-commerce in nine markets. It is available to media via DIBS. Here's an excerpt:

- European e-commerce defies economic turmoil and continues to grow rapidly, says Eric Wallin, CEO of DIBS. The migration to online commerce is set to continue as 74% of the consumers plan to maintain or increase their online consumption during the upcoming year.

Based on consumers´ reports of their own e-commerce, the e-market is estimated to amount to 213 billion euros in 2011, whereof Sweden 8.4, Denmark 5.3, Norway 6.1, Finland 5.1, UK 61.1, Germany 61.6, France 36.6, Poland 10.2, Spain 18.5 billion euros. The average consumer completed 7.4 purchases during the first six months 2011, compared to 6.6 same period 2010. This is still only slightly more than one online purchase per month and online commerce is still only a fraction of total household consumption.

E-commerce on mobile phones

E-commerce through mobile phones (m-commerce) is evolving rapidly. The highest consumer adaptation is found in Sweden, Denmark and Poland and media is the best selling category via mobile phones.

- Today's survey indicates that mobile commerce is reaching its breakthrough. The amount of services and products offered via mobile phones will multiply as 21% of the e-retailers say they will “soon” launch e-commerce via mobile phones, says Eric Wallin CEO of DIBS. The new purchasing habits are quickly evolving as already 17% of the consumers between 15 and 34 years old are m-consumers.

Consumers believe that new payment methods, purpose-built mobile shops and personalized offers can attract them to m-commerce. Fewer consumers believe in location-based offers.

How consumers pay for e-commerce

On an accumulated level, cards are Europe’s preferred payment method (42%), but online bank transfers (9%), invoices (17%) and micropayment services (18%) are also popular. There are wide discrepancies between the countries.

To avoid losing sales opportunities it is critical for merchants to cater to very different payment preferences across Europe. The British, Spanish, Norwegian and French consumers have a preference for using cards, but nowhere is card as popular as in Denmark. The Germans prefer invoice and the Poles and the Finns prefer transfer via Internet bank. The Swedes’ preferences are balanced between cards, invoices and transfers via Internet banks.

What consumers buy online

Travel-related consumption accounts for about 25% of the market. The second largest category is household consumables (13%) and thereafter electronics (12%). For the next 12 months, consumers expect to increase their own online consumption especially within fashion, travel and electronics.

Why do consumers buy online

European e-consumers shop online because it is easy and it saves time (69%). This is the main motivation in all nine countries. Less important, but still a major influence, is the possibility to find lower prices (61%). The third most frequently quoted reason for online shopping is that it can be carried out regardless of opening hours.

DIBS E-Commerce Survey 2011

DIBS E-Commerce Survey 2011 is a data rich report of 48 pages giving a detailed analysis of e-commerce, with focus on mobile commerce. The report is available via www.dibspayment.com.

The survey was conducted during the third quarter of 2011 by research agency YouGov. It is based on interviews with over 9000 Internet users and 333 interviews with e-stores in Sweden, Denmark, Norway, Finland, UK, Germany, France, Poland and Spain.

For further information

Please contact: Eric Wallin, CEO DIBS, +46 703 29 77 74 or eric.wallin @ dibs.se

DIBS launches Payment Solution in Poland

DIBS Payment Services — Fri, 02 Sep 2011 09:06:00 +0200

- DIBS is now launching a complete offering in Poland. Our goal is to help develop the Polish e-commerce market with secure, innovative and functional payments. We will make it easy for Nordic e-retailers to launch on the interesting Polish market, and as a second objective also aspire to attract local Polish customers, said Eric Wallin, CEO of DIBS.

The Polish e-commerce market is significant and shows good potential. Polish consumers are still less frequent e-shoppers and spend less online than the average Nordic consumers, but the Polish market is catching up fast. Polish consumers prefer to pay via Internet banks (preferred by 42% of consumers), cash on delivery (33%) and cards (9%).

DIBS is the Nordic market leader and has for years followed its customers as they expand outside the Nordic countries. As a number of Nordic customers expanded to Poland during 2011, DIBS has in several steps built up a local payment infrastructure in Poland. DIBS is managing its sales and customer service for the Polish market from offices in Stockholm and Denmark.

For more information please contact
Eric Wallin, CEO of DIBS, +46703 29 77 74 or eric.wallin@dibs.se

DIBS and PrestaShop initiate partnership for growth in Europe

DIBS Payment Services — Thu, 17 Feb 2011 08:25:00 +0100

“The agreement with PrestaShop is the first major step in DIBS strategy to expand outside the Nordic region. We provide PrestaShop with new business opportunities related to financial transactions and they provide us with an excellent distribution channel, particularly to the French market. Based on our strong position in the Nordic region, we are dedicated to continue to tap into growth opportunities across Europe together with our customers and partners," says Eric Wallin, CEO of DIBS.

PrestaShop is one of the world’s leading e-commerce softwares used by over 50,000 e-shops worldwide, including prominent names such as Centre Pompidou, Peugeot Sport and Mercedes-Benz. The agreement with DIBS enables PrestaShop to deepen the commercial relations to its e-commerce customers with regards to payment infrastructure.

” PrestaShop is a driving force in e-commerce worldwide. Last year our community grew by over 250% and we are dedicated to continue our rapid growth as we are introducing our new version V 1.4, with over 65 new features. Together with DIBS we will enrich our e-commerce offering and will financially leverage our position at the centre of huge amounts of e-commerce transactions,” said Christophe Crémer, General Manager at PrestaShop.

The foundation for DIBS European expansion is its strong market position in the Nordic region, its technological leadership and its international payment infrastructure. After recent consolidation in the industry, only very few independent payment service providers remain in Europe and DIBS believes that there is a significant opportunity for DIBS. DIBS strategic direction is to further expand its presence into European markets.

DIBS and PrestaShop’s cooperation will generate new customers and revenues, though it is too early to estimate the future number of users and transaction volumes.

DIBS European E-commerce Survey, published early January 2011, is a thorough analysis of the potential across Europe. Based on 8600 interviews, the total e-commerce market is estimated to be 178 billion euro in eight selected European countries; whereof the UK 47.6 billion euro, Spain 19.7 billion euro, Germany 55.7 billion euro, France 31.8 billion euro, Sweden 7.0 billion euro, Norway 6.2 billion euro, Finland 4.1 billion euro and Denmark 5.5 billion euro.

This means that the French market alone is nearly 40% larger than the combined markets in Sweden, Denmark, Norway and Finland. The potential for further growth across Europe is large as the average consumer completes only slightly more than one online purchase per month. Furthermore, e-commerce is still just a fraction of total household consumption.

For further information, please contact:
Eric Wallin, CEO, DIBS, tel. +46 8-527 525 03 or +46 703 29 77 74 or eric.wallin@dibs.se

DIBS signs frame agreement with TDC

DIBS Payment Services — Mon, 25 Oct 2010 10:23:00 +0200

DIBS, the leading Nordic provider of payment solutions for Internet, today announces that it has entered into a strategic agreement with TDC, including all the Group's subsidiaries.

Since many years, DIBS has cooperated with TDC to enable its customers to buy goods and services over the Internet. The new frame agreement extends the cooperation to all TDC's subsidiaries including Telmore. This gives DIBS a strategic relation to TDC with its large number of e-commerce transactions involving mail order, telephone and Internet sales.

-TDC is Denmark's leading provider of communications solutions. The company's goal is to become Europe's strongest telecom company in 2012, says Eric Wallin CEO of DIBS.

- Following many years of cooperation, the new framework agreement with TDC confirms our position as a strategic supplier of solutions for e-commerce. The agreement includes all companies in the TDC Group, creating interesting possibilities for DIBS. In addition, TDC is an important player in the mobile space, which gives us high expectations for the cooperation, says Eric Wallin CEO of DIBS.

For further information, please contact:
Eric Wallin, CEO, DIBS, tel. +46 8-527 525 03 or +46 703 29 77 74 or eric.wallin@dibs.se (eric.wallin@dibs.se)

About DIBS
DIBS Payment Services is the leading independent provider of functional, secure and innovative payment services for Internet commerce in the Nordic countries. DIBS handles more than 13,000 customer transactions daily and has offices in Stockholm, Copenhagen, Oslo and Gothenburg. DIBS is listed on the Nasdaq OMX First North in Stockholm, with NASDAQ OMX as certified adviser. Read more at www.dibs.dk.