BRC – KPMG Retail Sales Monitor for October shows further decline. http://tinyurl.com/y8rj8f5l
Online saw its lowest growth since records began in December 2012 at 4.0% – below both the 3-month and 12-month averages of 8.7% and 8.3% respectively.
Concardis has announced success with its introduction of Alipay in Germany. http://tinyurl.com/ydzx4ueo
Concardis has successfully implemented the app at more than 250 merchants with a total 1,000 POS and will now offer Alipay in Switzerland and the Benelux.
BBVA pushes the success of its newly enhanced mobile app. http://tinyurl.com/ybkd43jy
The new app, built using Design Thinking principles, has led to take-up of some services almost tripling.
BNP Paribas is commencing support for WeChat Pay in France. http://tinyurl.com/y9d4so3m
The Bank is offering the Chinese payment method to retailers in France with the intention of rolling it out across Europe. Galeries Lafayette Group is the first to sign up.
Trustly says it has processed €10bn since starting in 2008. http://tinyurl.com/y8nfvl7u
€4.1bn of this was processed this year up to the end of October!
MeaWallet (Seamless) has signed an agreement with a Norwegian bank for delivery of the Mea Token Platform without saying which bank. http://tinyurl.com/y7hl3jco
The development will enable the bank’s customers to make smartphone payments in store, in app or on line, via any of the OEM Pays.
Klarna and Nets are trialling a new mobile solution that enables ‘Pay later’ at POS. http://tinyurl.com/yaub3npy
The new service integrates in existing Nets terminals and is being piloted in selected stores in Sweden.
Ingenico is enabling contactless payment for on-street parking in Hungary. http://tinyurl.com/y99t2hfm
The new parking metres fitted with Ingenico iSelf series terminals accept contactless cards and NFC mobile payments as well as cash.
Vodafone is launching “V by Vodafone” that will enable consumers to connect their home and leisure electronics products to the Group’s dedicated global IoT network. http://tinyurl.com/ybhpgzfy
The new system has a product range that includes a connected car dongle, a 4G security camera, a pet location and activity tracker and a bag location tracker. IoT devices can be connected to the network by a V-Sim device that comes with the products. Users manage their device using a V by Vodafone app.
Walmart and Visa have apparently withdrawn from their mutual litigation on card fees. http://tinyurl.com/ycmxzpvr
Neither party disclosed the terms of their deal, other than that they would each bear their legal fees and costs.
The feature allows users to send and receive cash inside the iMessage messages app on iPhones. The funding source is any debit or credit card currently held in the Apple Pay wallet.
Visa is introducing three commercially available wearable payment devices for the Winter Olympics in Korea. http://tinyurl.com/ycel94pz
The wearables are NFC-enabled payment gloves, commemorative stickers and Olympic pins that allow fans and athletes to complete payments with a tap at any contactless-enabled terminal.
Worldpay is integrating Xero with its gateway. http://tinyurl.com/ybs8h53v
The integration will enable Xero users to create and send electronic invoices that including a ‘Pay Now’ option.
Revolut has applied for a European banking license. http://tinyurl.com/ycerl6ov
The application is being made via the Lithuanian Central Bank to prepare for Brexit and provide Revolut with the ability to expand across Europe. The Company says it now has 950,000 users and manages 16,000 business accounts.
Revolut is also following Monzo and bringing its processing in-house. The company says its own technology will be ready in early 2018.
Yolt, the ING backed money management app, is integrating with Starling Bank in the UK. http://tinyurl.com/yceulq4s
Starling Bank is the first digital bank to partner with Yolt using API integration.
Investors include Stripe and Orange Digital Ventures. The funds will be used for unspecified growth plans.
Unicredit’s FINECO is also looking to enter the UK market. http://tinyurl.com/ydb9yo3a
Wirecard is powering the new Orange Bank in France. http://tinyurl.com/y99yo48g
The ai Corporation has announced the acquisition of SmartCentric. http://tinyurl.com/ycqhcmvf
The deal creates a global cloud based omnichannel (B2B and B2C) payment processing, risk management and data analytics platform with a major focus on the fuel card sector.
SIX has announced strategic and organisational changes in an effort to strengthen its competitive position. http://tinyurl.com/y8g6tzqw
The new strategy includes a move that will see the reorganisation of the payments business. The card business (merchant acquiring and international card processing) will be separated from the core organization with the aim of creating a leading European provider.
PCI SSC is developing a new security standard for mobile PIN-based payments – ‘PIN on Mobile’. http://tinyurl.com/yajhnxq8
The standard will enable merchants to accept PIN-based payments entered directly into consumer off-the-shelf devices (COTS).
The EPC has published a ‘interview’ on the TARGET Instant Payment Settlement (TIPS). http://tinyurl.com/y79ulqrf
Covers the key characteristics of TIPS, its complementarity (sic) with other clearing and settlement services, and the next steps to make it operational in November next year.
The report says that good progress is being made across a wide range of initiatives (listed) and areas. The PSR is also launching a consultation on a ‘contingent reimbursement model’ it believes should be introduced to compensate victims in certain circumstances.
UK Finance response to PSR’s recommendations. http://tinyurl.com/ya2s6dsg
New data published shows a growing exposure to payment scams – in H1/17 customers sent £101.2m to criminals. There were 19,370 cases: 88% were consumers losing an average of £3,000, and the remainder were businesses who lost on average £21,500 per case.
Various references to payments, Open Banking and cards.