Internet sales continued to increase as a proportion of all retailing, accounting for 18% – an increase on the December 2016 figure of 17.1%. Overall, ecommerce sales in December grew by 9.4%.
BRC Comment http://tinyurl.com/y7ep2mfz
IMRG Capgemini e-Retail Sales Index 2017 analysis. http://tinyurl.com/y8e4utqo
UK online retail sales were up 12.1% on average year-on-year in 2017 (versus forecast of 14%). December’s yoy growth was 9.1%. Interesting growth ‘bounce pattern’ with 3 year cycle..
IBM is testing a checkout system that scans a complete basket at once. http://tinyurl.com/y7sznzfa
Working with Shell, IBM says the technology being trialled is 15 times faster than standard self-service checkouts.
Samsung Pay in Spain has reached a total of €100m of transactions. http://tinyurl.com/y9lp2wdh
There have been over 2m transactions over the last year. The service is supported by a number of Spanish banks including Santander and Caixa.
PCI SSC has published a standard that allows ‘PIN on Glass’. http://tinyurl.com/y83kj2bo
The new SPoC standard covers PIN entry directly on the screen of a mobile device i.e. using software rather than hardware paving the way for solution providers and application developers to move forward.
CapGemini has published a report – Conversational Commerce: Why Consumers Are Embracing Voice Assistants in Their Lives. http://tinyurl.com/y8u77jpn
The report is based on a survey of consumers in the US, the UK, France and Germany and suggests that voice assistants are on the cusp of transforming commerce.
WeChat Pay is going live in Italy. http://tinyurl.com/y7jpfypb
Italian brands can now sign up to accept payments via WeChat Pay but as yet no POS have been installed.
Allied Wallet is supporting China UnionPay cards. http://tinyurl.com/y7f7pynp
Allied Wallet is now a CUP General Principal Member.
ABN AMRO is pulling out of the Payconiq mobile payment service. http://tinyurl.com/yc32t7zx
It looks as if there are conflicting aims with ABN’s own “Tikkie”, payment app. The other Dutch banks are continuing with Payconiq’s development.
Wirecard’s boon is getting P2P functionality. http://tinyurl.com/yaj444n7
The Slovakian payment landscape. http://tinyurl.com/y8mev3ru
Bolt, a new full stack player, launches in the US. http://tinyurl.com/yd3w8wxf
Claims to be the ‘world’s first end-to-end product for accepting payments online’, and boasting, among other things, zero fraud.
The Seattle store remains a one-off trial for the time being as Amazon continues to test its technology.
Nets is to provide Instant Payment infrastructure in Hungary. http://tinyurl.com/yass2o8j
The new system is planned to go-live in 2019 and will be operated by GIRO, which provides ACH interbank clearing and settlement services in Hungary.
CEO of NPSO on ‘The year ahead in payments’. http://tinyurl.com/ybtnh3d7
MasterCard is pushing its Identity Check authentication solution, first flagged in October 2015, with the announcement that Banks in Europe will offer biometric solutions as of April 2019. http://tinyurl.com/y93ul2lh
Identity Check enables individuals to use biometric identifiers, such as fingerprint, Iris- and facial recognition to verify their identity using a mobile device during online shopping and banking activities.
Vocalink on SME fraud. http://tinyurl.com/yaj444n7
Apparently nearly 60% of SMEs think the impact of payments fraud on their business would be minimal while 71% of SMEs that have been victims of payments related fraud believe that it is now their biggest risk.
Which? has issued a warning regarding the LINK proposals. http://tinyurl.com/yd2dcy4q
Which? has identified 200+ communities with poor ATM provision.
It is also being reported that some MPs have drafted a letter to the PSR to stop any negative effects as a result of the LINK proposals and in particular any drop in the number of ‘free’ ATMs.
Meanwhile LINK has published the 2017 LINK Consumer Council Annual Report that highlights a year of innovation that introduced a number of new digital Projects. http://tinyurl.com/ya8v3egl
The Turkish government has announced a new payment initiative (Turkiye Ortak Odeme Platformu) aimed at the unbanked. http://tinyurl.com/ybs9w2y4
Players appear to be largely non-bank – IMM / Belbim, Denizbank, PTT Co., Turkcell, Turk Telekom. The platform is planned to go live by end-summer 2018 with cards issued through Post Offices. The project is essentially aimed at consolidating the multiplicity of transport cards in Turkey with one platform while providing basic payment functionality including mobile.
Countingup, the latest UK Challenger bank, this time aimed at Sole traders, has launched in beta. http://tinyurl.com/yazbxfls
The account comes with UK sort code & account number, MasterCard and banking app with its USP being embedded accounting functionality. The e-money account is being provided by Prepay Solutions.
85% of banks program say implementation of a digital transformation program is a business priority for 2018.
The NPSO has started the recruitment process for a new End User Council. http://tinyurl.com/yd6n8mb4
The EUAC will have a formal role to advise and challenge the board of the NPSO, to ensure the UK’s payment systems are run for the public good.
Yolt claims to be the first third party provider to work with a CMA9 current account provider under Open Banking. . http://tinyurl.com/ybpmq73p
The first successful test connection was made on 17 January between Yolt and Lloyds Banking Group
Danske Bank is to offer customers a service that takes advantage of Open Banking. http://tinyurl.com/ycqfzdy2
Danske Banks new mobile banking app will allow customers to access account details of all the banks they use. The app will be rolled out in Sweden in April and later in the year in in Denmark, Norway and Finland. In the UK Danske is already offering account information and payment initiation APIs.
ABTA has written to HM Treasury regarding the increase in card charges since the implementation of IFR. http://tinyurl.com/yaerhepc
The letter says 58% of ABTA’s members have experienced increased costs and few have seen savings. ABTA member comments included in http://tinyurl.com/yb9zezhw
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.