Presend Nordic and Valitor sign contract for Visa gift card processing

Presend Nordic, a subsidiary of Retain24, and the Iceland-based acquiring service provider Valitor have signed a contract for Visa gift card processing. These gift cards can be used for dividends, claims, bonuses, discounts, promotions or other prepaid applications.

As part of this contract, Valitor will be issuing and processing Visa prepaid gift cards on behalf of Retain24 and Presend’s clients within the Nordic region.

“We look forward to working closely with Valitor. Visa products complement Retain24’s existing closed loop solutions, enabling us to better serve selected customer segments such as shopping centres and arenas. Our new solution in cooperation with Valitor is simple, secure and flexible. Over the next months we will be rolling out several new card programs under the Presend brand,” comments Claudio Simatovic, CEO of Retain24.

CEO of Valitor, Vidar Thorkelsson, explains, “Gift cards have become increasingly popular and new commercial opportunities have emerged. Presend is an ideal partner to work with in the rapidly developing Nordic market and we look forward to a fruitful cooperation to meet the challenges ahead. Our ambitions are long term and we are committed to continue providing unique solutions and professional services of the highest quality.”

In addition to this, Valitor has seen a lot of attention and interest from the European market. Valitor promoted the software in the UK last year in partnership with British organisations and Visa Europe with a great response.

For more information concerning Visa gift card processing and international acquiring services, visit www.valitor.com.