Nets News

IN Groupe has entered into a final agreement with Nets, part of Nexi Group, for the takeover of Nets' eID business. In November 2023, Nets and IN Groupe concluded the first part of the agreement for the acquisition, and the two parties reached an agreement on the final terms. MitID operations transferred Nets will formally transfer the responsibility for the development and operation of MitID to IN Groupe which is in charge of further development and operation of the Danish digital iden...

Nets, a renowned European payment and financial solutions company, has announced introducing a completely new way to identify customers securely from a distance. The Nets Passport Reader service bridges the gap between physical ID documents and digital identification, with the help of a simple smartphone app. The service has no geographical limitations and is compatible with passports from over 130 countries. Demand for digital identification is growing rapidly and will likely only increase, gi...

Man and machine form the perfect pair when it comes to fighting payment fraud, according to a new whitepaper from European payments solution firm, Nets and multi-national professional services provider, KPMG. Fighting Fraud with a Model of Models explains how utilising human expertise in combination with artificial intelligence (AI) and machine learning (ML) technologies can significantly increase the accuracy of fraud prevention services. Fighting Fraud with a Model of Models Fighting Fraud...

Nets, renowned company in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution. As the total annual value of fraudulent transactions across Europe hits €1.8 billion, the need to step up fraud prevention, particularly in card not present (CNP) transactions, has never been greater. Reducing transaction fraud is an increasingly convoluted and nuanced...