Personal records safe with SEQR according to the Swedish public authority Data Inspection Board
When the Data Inspection Board today presented the results from the Swedish public authority's audit of how the four payment solutions SEQR, WyWallet, Trustly and Klarna handle personal records, SEQR is the only solution to be approved without remarks. The Data Inspection Board has reviewed what personal data is collected about the users and how this information is used.
- The security and the privacy of our users is key for SEQR and is the basis for our technology. We are glad that this now also has been verified by the Swedish state, says Seamless CEO Peter Fredell.
The technology that SEQR uses ensures that no information about the users end up in the wrong hands. In the report, the Data Inspection Board states that the inspection makes the evaluation that the security used in SEQR fulfils the requirements stated in the Privacy Protection Law.
- In addition to the technological security it is also important that information about the individuals that use new payment solutions is used in an accurate and transparent way. Therefore, we are very happy that SEQR, as the only one of the four inspected solutions, has been given a stamp of approval that we fulfill the legal obligations when it comes to respecting our users privacy, says Peter Fredell.
The full report: http://www.datainspektionen.se/press/nyheter/2014/granskning-klar-av-tjanster-for-elektroniska-betallosningar/
For more information:
Cecilia Lago Albright, Press Contact Seamless +46 707 43 13 45, Cecilia.albright@seamless.se /www.seqr.com
Peter Fredell, CEO Seamless, peter.fredell@seamless.se, +46 8 564 878 00
This information is such information that Seamless Distribution AB (publ) is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act. The information was released for publication on June 12th, 2014 at 15.40 pm (CET).
ABOUT SEQR, by Seamless
SEQR (se•cure) is Sweden's and Europe's most used mobile wallet in stores and online. SEQR enables anybody with a smartphone to pay in stores, at restaurants, parking lots and online, transfer money at no charge, connect loyalty programs, store receipts digitally and receive offers and promotions directly through one mobile app. Through the SEQR app, the user simply scans or taps a QR-code/NFC at check-out and approves the purchase by entering a PIN code. Fast, smooth and safe, SEQR's payment solution enables merchants to lower interchange fees significantly compared to those charged by traditional card companies. SEQR's unique transaction platform has been developed by Seamless, one of the world's largest suppliers of payment systems for mobile phones.
Founded in 2001 and active in 30 countries, Seamless handles more than 3, 1 billion transactions annually through 525 000 active sales outlets. 4 600 merchants have chosen SEQR including Sweden's largest grocery chains, fast food chains and national retailer chains including McDonald's, Hemköp and Ur&Penn. SEQR was launched in Romania in 2013, in Finland in 2014 and is scheduled to launch in Belgium in 2014. In 2013, SEQR won the Mobile Money Global Award for Best Mobile Money Deployment in Europe. Seamless is traded on Nasdaq OMX Stockholm, under the SEAM ticker. www.seqr.com