ONS Retail Sales in May show average weekly spending online increased 14.4% compared with May 2016. http://tinyurl.com/y9em97r7
SafeCharge is partnering with Tencent Holdings to integrate WeChat Pay with its global payments platform. http://tinyurl.com/yb6fduos
The integration will allow both online and brick and mortar retailers’ in Europe to accept the Chinese payment method,
Belfius Bank , supported by Worldline, are introducing contactless payment on Android phones through its mobile app. http://tinyurl.com/ybkt369h
The bank claims it is the first solution available on the Belgian market that makes contactless payments possible with Bancontact.
Amadeus and Ingenico are to launch Amadeus Airport Pay. http://tinyurl.com/yb6duh8a
The mobile solution can support multiple airlines, ground handlers and banks in any airport globally, independently of the check-in infrastructure. Lufthansa Group will roll out the payment solution in over 170 airports worldwide starting in June 2017.
Visa Inc, following MasterCard’s launch of its B2B Hub last week, has announced the launch of the Visa Ready Program for Business Solutions. http://tinyurl.com/yamotsth
The program provides a strategic framework to help technology companies that integrate with Visa’s B2B payment services and data solutions ensure that they meet Visa’s standards and are market ready. The service allows partners to quickly introduce devices, software and solutions that can initiate or accept Visa payments including virtual cards, accounts payable automation and data analytics.
SWIFT is to launch an instant payments messaging solution for the European market. http://tinyurl.com/y9nzaw8r
The solution will support instant payments through the SWIFT network, providing a single gateway to connect seamlessly to multiple instant payments systems. It will be available by November 2018.
Revolut, after launching a Premium account earlier in the year, is now launching a Business account. http://tinyurl.com/y9leowz9
The new offer enables businesses to open multi-currency accounts and issue employees with corporate cards usable globally. https://revolut.com/business
57% of Austrian’s use online banking services with Erste’s George platform contributing 1m users. http://tinyurl.com/y82trkgp
The main driver is growth in mobile internet usage through smartphones and tablets. Erste is to expand its platform into its CEE markets over the next few years.
EAST is changing its name to the European Association for Secure Transactions. http://tinyurl.com/yclru98k
While its acronym remains the same its scope has been widened away from ATMs to also cover Terminal Security and Payment Security.
Mastercard and the University of Oxford have published the results of a new research initiative into mobile Biometrics. http://tinyurl.com/yc97gwh2
“Mobile Biometrics in Financial Services: A Five Factor Framework” explores this fast-evolving technology landscape and provides bank executives with guidelines to successfully bring mobile biometrics to life. http://tinyurl.com/ybmjkmdk
Opus Whitepaper – Guidelines for deploying Mobile Biometrics in financial services 0617. http://tinyurl.com/y8l9etgu
FICO is releasing a new anti-fraud solution – Card Compromise Manager. http://tinyurl.com/y9wtev57
The solution proactively detects and prioritises compromised merchants and data breaches involving card data and integrates with the FICO® Falcon® Platform. It uses existing FICO Falcon data and applies advanced analytics and graph analytics to detect fraud.
Monzo is requiring some customers to provide additional identity verification to meet AML rules. http://tinyurl.com/yak2mk6f
The requirement only affects about 10% of Monzo users, who have been using its base level of verification.
WorldRemit has integrated Android Pay into its platform. http://tinyurl.com/y7kale7g
The move will enable Android Pay users to send money to mobile money accounts accessible via its network using only 5 taps.
Social payments fintech Circle has announced users can send and receive cross-border payments with no fees and no forex mark-up. http://tinyurl.com/ybyv96en
The offer covers payments sent to or from the US, UK, Spain and Ireland and 15 other European countries. Circle is using the Ethereum blockchain platform for its Spark technology that enables wallet-to-wallet transactions within and across currencies. Circle states that it does not believe there is a revenue model for domestic or cross border consumer payments, and is not trying to generate any revenue from those payments. https://www.circle.com/en-gb
Fiserv has announced a move to acquire Monitise. http://tinyurl.com/ya8be893
The deal puts a value of £70m on Monitise and is anticipated to close in Q3/17. The acquisition is expected to accelerate implementation of the Fiserv digital strategy and the development of a next-generation digital banking platform by leveraging the Monitise portfolio of digital solutions.
Misys and D+H are merging under the new brand name of Finastra. http://tinyurl.com/yaue4mlq
The move, engineered by Vista Equity Partners, will create a diversified global financial software provider that claims to be the third largest financial services technology company in the world.
The Berlin Group NextGenPSD2 Taskforce has announced the creation of an open, common and harmonised European standard to enable TPPs to access bank accounts under PSD2. http://tinyurl.com/y7ru4w2p
The standard, which is still under development, will be presented to the market for consultation after the summer.