TCS Partners with BankID BankAxept AS

Current Context: PNATartnership between TCS and BankID BankAxept AS, which is a major development in Norway’s financial infrastructure. TCS and BankID BankAxept AS have entered a strategic partnership to set up and manage an operations command center in Oslo, Norway, that will enhance the resilience, security and availability of the country’s critical financial infrastructure.

• BankAxept is the national payment system in Norway, with 80% of card payments made using a BankAxept card.BankID is the Norwegian eID verification solution, with more than 90% of the country’s population, banks, public institutions and commercial enterprises dependent on it.
• New regulations around digital identity authentication require BankID to offer users a compliant, reliable and secure electronic identity solution and ‘round the clock’ support.
• BankID BankAxept AS chose TCS to create a new command center, for its proven experience in leading large-scale growth and transformation projects for enterprise clients in the banking and financial services sector.
• TCS will build and manage a 24x7 operations command center at Oslo, Norway, for all BankID BankAxept AS users and clients.
• The command center has the capabilities to manage teams and vendors, helping to quickly resolve all disruptions, urgent security alerts or events, and can integrate value-added services from partner ecosystems.

Question:

Q.1 What is the name of the national payment system in Norway that is managed by BankID BankAxept AS?
a. BankID
b. BankAxept
c. BankNor
d. BankPay