- 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 The purchase price will not be published.
Open SolutionOpen 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.
DIBS Payment Services is the Nordic region’s leading supplier of functional, secure and innovative payment services for commerce via Internet. DIBS manages transactions for over 15 000 customers on a daily basis. DIBS has offices in Stockholm, Gothenburg, Oslo and Copenhagen. DIBS is traded on the First North marketplacewith Erik Penser Bankaktiebolag as Certified Advisor.