9 March 2018

9th March 2018
  • Mobile/Contactless and omni-Commerce
  • Commercial cards
  • Digital/Retail Banking
  • Acquiring/Processing
  • Fintechs/Innovation
  • Fraud/Security
  • Blockchain/DLT/ Cryptocurrencies
  • Corporate Activity
  • Regulation

MOBILE/CONTACTLESS and omni-COMMERCE

BRC – KPMG Retail Sales Monitor February 2018. http://tinyurl.com/y9bor2lp

Online sales of Non-Food products grew 6.4% in February, versus growth of 8.0% in February 2017.

 

Mastercard is incentivising use of Samsung Pay with Costa offer.  http://tinyurl.com/y8nmw44q

Mastercard holders who load their card into Samsung Pay will be rewarded with £6 to spend at Costa Coffee branches in the UK.

 

The Co-op Group is working with MasterCard on ‘no till’ checkout trial.  http://tinyurl.com/y8fcljnl

The C-op has developed an App with Masterpass technology that allows shoppers to use their own phone to scan goods with a single click generating payment when they have finished. Currently trialling in-house, a wider roll-out could begin this summer.

 

Vocalink post – On the ground at Mobile World Congress. http://tinyurl.com/ycjo5m5w

 

Worldpay says that Contactless is at ‘tipping point’.  http://tinyurl.com/ybk2dw36

Worldpay has identified a 328% yoy rise in in-store mobile spending with 59% of all in-store mobile transactions taking place at Supermarkets.

 

TOTAL is launching an eWallet in Europe. http://tinyurl.com/yct4a57k

The solution, which will enable customers to fill up and pay through their mobile, will be rolled out first in Germany and Belgium and subsequently across the rest of Europe.

 

COMMERCIAL CARDS

MasterCard is supporting Vipera in the launch of its SME Pay solution.  http://tinyurl.com/y6wr6ol3

SME Pay integrates with the Mastercard Business Card, enabling business owners to set controls on employee use of the card using an app.

 

DIGITAL/RETAIL BANKING

Orange Bank is introducing a virtual advisor ‘Djingo’. http://tinyurl.com/y7uvween

Powered by IBM Watson Djingo’s AI based technology answers customers’ questions in natural language. Available 24/7, Djingo is the first point of contact for customers and currently has c24,000 conversations per week.

 

ACQUIRING/PROCESSING

ai Corporation has announced the launch of its next generation fuel card solution, EazyFuel. http://tinyurl.com/ybygk7fh

The new platform amalgamates ai’s global, cloud-based, omni-channel (B2C and B2B) payment processing gateway, fraud and risk management capability, and its rules-based, advanced restrictions, to support fuel payments.

 

FINTECH/INNOVATION

The EC has released an Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services.

http://tinyurl.com/ycj7wq8f  FAQ: http://tinyurl.com/y7dwe35d  Fact sheet http://tinyurl.com/yddqxmsh

As a first major deliverable, the Commission is also putting forward new rules that will help crowdfunding platforms to grow across the EU’s single market.

 

FRAUD/SECURITY

Ocado Technology is using Google Cloud and machine learning to improve fraud detection. http://tinyurl.com/yawua5bl

Ocado has leveraged Google Cloud’s data analysis capabilities and TensorFlow (an open source software library for numerical computation) to develop a model that predicts results in real-time and provides the likelihood of fraud as a probability.

 

Fiserv is now offering Mastercard Decision Intelligence to its FI clients. http://tinyurl.com/ybdhw2sg

The solution helps FIs increase the accuracy of real-time approvals of genuine transactions, reduce the number of false declines and improve the overall cardholder experience.

 

BLOCKCHAIN/DLT/CRYPTOCURRENCIES

DNB Working Paper – What drives bitcoin adoption by retailers?  http://tinyurl.com/y8p9bmpj

The DNB finds that acceptance of crypto payments is currently modest (2%), but there is substantial interest among retailers to adopt crypto payments in the near future. The most serious barrier for crypto acceptance seems to be a lack of consumer demand.

 

CORPORATE ACTIVITY

PeP (Polskie ePlatnosci) has acquired PSP PayLane.  http://tinyurl.com/ycmofay3

The aim of the move is to be able to build an omnichannel capability by linking PePs terminals capability with PayLane’s online offer.

 

Stripe has purchased payments start-up Index. http://tinyurl.com/ydct6rp7

Index is a retail software company that provides a semi-integrated payment solution and fully hosted gateway (the prize for Stripe allowing a fuller omni-channel offer).

 

SIX Group now has PostFinance as a shareholder.  http://tinyurl.com/ycfy32sq

This takes the number of shareholders to 127 banks.

 

BBVA is increasing its stake in Atom Bank. http://tinyurl.com/ya3z69ho

BBVA is to invest a further £85.4m (€96m), increasing its stake to c39% as part of a £149m funding round. The new funds will support Atom’s growth and build core capabilities.

 

solarisBank has raised €56.6m in a series B funding round.  http://tinyurl.com/ya8f26mo

Included in the strategic investors are BBVA, Visa, Lakestar, Arvato Financial Solutions and ABN AMRO DIF. The newly raised capital will support solarisBank on its path towards further growth, the continued development of its digital platform and product portfolio, as well as further geographic expansion.

 

Mastercard has announced the integration of its physical and digital payments teams. http://tinyurl.com/ycgbb5p7

The new Products and Innovation team will bring core products, digital payments, Mastercard Labs and processing activities under one roof.

The consolidation has been driven by the exit of an Executive who is going to lead a new venture ‘Providing Services to Mastercard, Its Customers and Partners’.

 

REGULATION

The Bank of Israel has published the final timescales for reducing interchange fees.  http://tinyurl.com/ydakkcrh

After a public consultation and drafting of a ‘path’ for the reduction of Interchange, the Bank has now come out with its final plan that brings forward the date on which the interchange fee on deferred debit of 0.5% will be reached to 2023. The final fee for debit is also set at 0.25% by 2023.

 

 

 

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