News

Danish ATM PIN pad producer changes its name

October 10, 2010

BBS Denmark’s international business has changed its name to Cryptera A/S.

BBS Denmark, a leading provider of encrypting PIN pads for ATMs and unattended payment terminals for self-service payment solutions, changed its name following a successful merger.

"The decision to introduce the brand name Cryptera for international activities is a logical consequence of the recent merger between Norwegian Nordito AS and PBS under the common brand Nets," company officials said in a statement. "The independent and legal company, Cryptera, will be a subsidiary of the Nets Group." Norwegian Nordito is the parent company of BBS Denmark and Teller.

Nets Group A/S is based in Copenhagen, Denmark. The companies completed the merger in September.

The merger will help Cryptera expand its market, company officials said.

"We already hold a strong position in the international market for banking, ATMs and self-service payment solutions," said Kaj Christiansen, Cryptera managing director and CEO.

"Looking to the future, as one of the world’s leading suppliers of encrypting PIN pads, the strategy of operating under the independent Cryptera brand will enable us to grow the business as we continue to deliver competitive, innovative and unique payment solutions and services to our international customers."

Also based in Copenhagen, Cryptera employs approximately 100 workers. In addition, the company operates its own hardware and software development departments.