iDEAL is also increasingly available on websites outside the Netherlands with 7000 web shops in 60 foreign countries offering the payment method.
EMVCo has posted its QR Payment mark following the release of the QR Code specifications. http://tinyurl.com/yb3gmczh
SPA Report – Biometrics in Payment. http://tinyurl.com/yatnoa7s
The Report evaluates the security and convenience advantages offered by sensor-on-card recognition and verification, how this approach fits with existing EMV architectures, and provides recommendations on the key considerations for the design of underlying enrolment subsystems and enrolment programs.
TSYS has renewed processing agreements with Nationwide and AIB.
The Nationwide agreement includes Nationwide’s consumer credit card portfolio, as well as support of account servicing. http://tinyurl.com/ybvbn6zv
The AIB agreement will see TSYS continue to process the bank’s credit and debit card portfolios. http://tinyurl.com/y8azgjdf
Compass Plus has announced that its TranzAxis payments platform now has interchange functionality. http://tinyurl.com/ybb6h34f
TranzAxis now supports clearing and settlement with card schemes, dispute management and interchange fee calculations.
Payworks is integrating with CyberSource. http://tinyurl.com/y989tsc4
The move will see an integrated POS solution and offer omnichannel payment processing capabilities Cybersource merchants.
CMSPI article on Scheme fees. http://tinyurl.com/y8bup9wg
This is the Consultancy running a campaign http://tinyurl.com/y9f5s2go to reduce scheme fees.
Thisismoney article http://tinyurl.com/ybsq7xz9
Starling Bank has launched its own International Payments Service through its app. http://tinyurl.com/ycl3ofae
Starling says its service is generally cheaper) than traditional banks and highly competitive with non-bank services such as Transferwise or Revolut (a 0.4% fee plus £5.50 for SWIFT or lower using correspondent banks).
Techcrunch reports the previously announced partnership with Transferwise has not been taken forward and that Starling is looking to raise another £80m. http://tinyurl.com/y9ynoaq6
FIS PACE Report on Consumer business Insights for UK published. http://tinyurl.com/ydhj83w7
The FIS'” Performance Against Customer Expectations (PACE) findings offer a view into how well banking providers are meeting the needs of their customers. In the UK the survey indicates that challenger banks are outperforming incumbents when it comes to overall customer satisfaction and are outperforming established high street banks on key performance metrics including privacy, security, problem solving and real-time payments.
ipagoo has joined Bacs as the first non-bank payment service provider participant. http://tinyurl.com/yd3nlgl2
ipagoo is a multi-country and cross-currency current account service for individuals and corporates.
Revolut has announced the launch of an app store for business banking – Connect. http://tinyurl.com/y7855at3
Revolut Connect enables Revolut for Business account holders to access tools and apps that will support their business. Integrations are available for the likes of Xero, Sage, Free Agent and ZoHo.
The HoC Treasury Committee has updated its webpage on its digital currencies inquiry to show the written evidence it has received, which includes responses from the FCA and Bank of England. http://tinyurl.com/y85fansa
MasterCard has also made a submission coming to the conclusion that it would caution against digital currencies and would encourage the UK Government to undertake a sensible and detailed evaluation of the risks and benefits involved against the context of the functionality of existing digital payment systems.
Worldline and G+D Mobile Security have signed a MoU with to cooperate in the field of Industrial IoT security. http://tinyurl.com/y89wxu4g
G+D will integrate its Cyber Physical System Protect product into Worldline’s Codex Connectivity Platform (CCP) to act as a gatekeeper and security solution for devices that connect to the platform.
Capita’s Pay360 has launched Optimize, a fraud and risk management solution. http://tinyurl.com/y8d6f7a8
Pay360 utilises the latest behavioural analytics software with real-time controls allowing organisations to tailor their payment acceptance and fraud prevention strategies.
Five leading Nordic banks have announced a JV that with the aim of developing a common KYC infrastructure. http://tinyurl.com/y9tlubyu
In its initial phase the new enterprise would service large and midsize Nordic corporates. It will be owned by the banks but will also offer its services to third parties. The move will require EC approval and is expected to be established during H2/18.
Ingenico has made a move to combine its DACH assets with BS Payone. http://tinyurl.com/y9ek7gcl
The combined business would be held Ingenico 52%/DSV (Sparkassen-Finanzgruppe) 48%. The JV would create the clear market leader in the German market.
PayPal has announced it has acquired Jetlore, an AI-powered prediction platform for retailers. http://tinyurl.com/yb3xrmx4
Jetlore’s proprietary prediction platform enables global online retailers to deliver personalized customer experiences to increase sales and loyalty. It will be integrated with PayPal’s Marketing Solutions adding to PayPal’s value proposition for merchants beyond the online checkout experience.
The EPC has published a Position Paper: Brexit and UK PSPs’ participation in SEPA schemes. http://tinyurl.com/yc9v7seu
Flags three scenarios that suggest the EPC sees the future of SEPA as including a UK presence in some form even if we crash out.
DNB is working on technology that makes it possible to identify clients with just a mobile phone and a passport. The bank combines technology in the phone and data stored in the biometrical passport with its own systems. An important focus of the project is the customer experience and to resolve challenges related to international identification.