The Co-op Bank is now supporting Samsung Pay in the UK. http://tinyurl.com/y9fpjxay
Tesco Bank has released full details of its Tesco Pay+ app. http://tinyurl.com/yatwmvor
The new version of the app, which replaces PayQwiq, offers automatic collection of Clubcard points with the ability to link multiple payment cards. The app has a single transaction limit of £250.
Sainsbury’s is extending the availability of its ‘Smartshop’ app. http://tinyurl.com/yd642p4p
BBVA says its mobile banking app will cover 92% of the bank’s product and service offering in Spain by the year end. http://tinyurl.com/y893rxu2
BBVA’s digital users in Spain use their smartphones to interact with the bank, on average, once a day or every other day.
BBVA is using card data analysis to delineate various types of areas within Barcelona, Madrid and Mexico. http://tinyurl.com/ycxww47o
The project analysed more than 413m card transactions throughout the year to identify the dynamics taking place in these cities.
equensWorldline is supporting contactless payments on Postbank Visa cards in Germany. http://tinyurl.com/y7houpbt
Turkey has introduced a mandatory central registration system for e-commerce activities. http://tinyurl.com/y7be7kaa
The rules set out requirements for registration with the new Electronic Commerce Information System and details of the provision of monthly anonymized statistical information.
Amazon and BMW have announced that Amazon Alexa will be available in BMW and MINI vehicles starting in mid-2018 in the US, UK, and Germany. http://tinyurl.com/ycp4k7wb
BMW says that the integration will provide a comprehensive set of internet capabilities inside the vehicle
Mastercard is working with Swarovski on a VR app with Masterpass payment. http://tinyurl.com/ycma8mlg
Consumers place their phone into a compatible VR headset to enter the experience and Masterpass enables in-experience check-out if a purchase is made.
Mastercard has released its annual Global Destinations Cities Index. http://tinyurl.com/y8xzzh8a
The Index ranks 132 top destination cities. London is No2 with visitors spending more on shopping than any other city in the report.
Pagero white paper “European e-invoicing – Current landscape, benefits and challenges” http://tinyurl.com/ybhvh9rv
The paper gives an overview of the current European e-invoicing landscape, the benefits of e-invoicing and the challenges that multinational businesses digitising their invoice-handling need to take into consideration to make the process as efficient and beneficial as possible. Contains details of current legislation in Europe.
Total losses on card, remote banking and cheque fraud were 8% lower in H1/17 than in H1/16.
The EC has welcomed the first formal eID notification from Germany and is calling for EU-wide usage of electronic identification means.
Germany has taken the final step to enable its citizens to use eID to access online services in other Member States. Germany is the first Member State to complete the formal notification of an eID under the eIDAS Regulation. http://tinyurl.com/y7yauo7x
JCB International and ICCREA Banca have announced a merchant acquiring agreement aimed at strengthening acceptance of JCB cards in Italy. http://tinyurl.com/y7uth6k2
The agreement will allow the acceptance of JCB cards at all ICCREA POS terminals and for all Italian merchants who are customers of ICCREA.
SIX Payment Services has gone live with RiskShield to protect their acquiring and card issuing business. http://tinyurl.com/y88vdmxt
RiskShield has been running fully integrated in a completely PCI-DSS certified environment since May 2017.
The Berlin Group is to start a public market consultation on its output on NextGenPSD2 European API standards with their publication on 2 October 2017. http://tinyurl.com/y8uepaae http://tinyurl.com/yccpjjxo re parallel Conference.
The Berlin Group aims to publish the first final version of the standard before the end of 2017.
Ecommerce Europe, on behalf of 27 organisations, has fired off another missive to the EC on the SCA RTS, claiming it will hinder European ecommerce. http://tinyurl.com/y9vnllgm
EE says the letter expresses the legitimate concerns of many clients of the payment institutions sector and is therefore also supported by the European Payment Institutions Federation (EPIF).
HSBC is working on OB APIs and launching a new platform ‘HSBC Beta’. http://tinyurl.com/y77qt83v
The first release will allow customers to see all of their bank accounts on one screen with 21 different banks including Santander, Lloyds and Barclays available for access through their online banking services. A new app will be available in early 2018.
Nets has confirmed it has received a DKK 33.1bn ($5.3bn) takeover offer from PE firm Hellman & Friedman. http://tinyurl.com/y8p6mpts
The Board is recommending the acceptance of the offer. Presentation slides http://tinyurl.com/y7h5ep92
On completion of the offer, Evergood 5 intends to delist Nets from Nasdaq Copenhagen. It will aim to further develop Nets as a private company.
Worldline has completed its acquisition of First Data’s Baltic processing operation. http://tinyurl.com/ydxstrrj
FDB will be consolidated in the Financial Services division of Worldline from 1 October 2017.
This study, utilising data from over 200 companies, central banks and public sector organisations, is an attempt to examine ‘blockchain’ and the development of DLT empirically, systematically and critically. It aims to delineate the layers of the DLT systems, understand prevailing business models and use cases, reveal underlying architecture and governance, discuss technical obstacles and interoperability issues, and shed a light on current public sector DLT initiatives, potential deployment schedules and challenges.
The FCA has published its Regulation round-up for September 2017. The round-up includes details of the outcomes of the FCA’s latest annual review of the AML and sanctions systems of 100 firms randomly selected from those sectors that present a lower inherent money laundering risk. The FCA seems to think all is going well.
The CMA has cleared the acquisition by Cardtronics of DirectCash Payments. http://tinyurl.com/yczjpc6j
After an in-depth investigation the CMA says that competition in the industry are likely to constrain increase in surcharges at pay-to-use machines.
The final report has been published on the case page, where all other information relating to the inquiry is available.
The PSR has announced it will publish a progress report on its work on payment scams together with proposals for the next moves. http://tinyurl.com/yclnsbvh
PSR – Speech by Paul Smith, Head of Policy. http://tinyurl.com/yaplu7a8
Fairly quick run through of PSR activity on PSF, OB, PSD2, etc. Very keen on collaborative approach outcomes so far.
ECB – Speech by Andreas Dombret: Germany’s banks – the moment of truth for decision-makers. http://tinyurl.com/y9opnpt8
A wake up call for Germany’s small and medium size banks.
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.