The Co-op is extending its pay-in-aisle technology trial.
The trial will be extended to over 30 Co-op food stores across England, Scotland and Wales by late August. The App is now easier to register and use, enabling customers to scan products on their own device as they walk around the store, with the cost of the shop deducted from their Apple or Google Pay account with the touch of a button. It also integrates the benefits of Co-op Membership.
Amazon plans to raise fees that it charges sellers on its website in France in October in response to the country’s recently enacted 3% digital tax.
PayPal in the US has announced the introduction of the PayPal Invoicing API.
The API can be integrated into ecommerce solution providers, marketplaces, and crowdsourcing platforms (among others) to allow users to create, send and process invoices in one function. It looks like US only initiative at present – There is nothing on UK site as yet.
Visa and Billtrust have announced that J.P. Morgan will utilize Billtrust’s Business Payments Network (BPN), for J.P. Morgan Commercial Card clients.
Participating businesses will now be able to utilize BPN’s connected platform of suppliers to send and receive digital payments more efficiently and quickly. Visa collaborated with Billtrust last year to launch the supplier-driven B2B payments network.
Starling Banking Services is partnering with SumUp to provide small merchants with access to faster settlements.
The link will give SumUp’s merchants real-time access to FPS and a full bank offering through a simple API.
This development provides Contis with a second passportable European licence and ability to deliver its solution across the Continent.
Wirecard and the Italian Sisal Group are to collaborate on contactless payment solutions for SisalPay.
SisalPay claims 40,000 POS and 15m customers generating 200m transactions a year.
The solution enables travel companies to connect with Ingenico’s global end-to-end payment processing capabilities and regional gateways across Asia, LATAM and Europe. It also provides integration with the leading airline global distribution systems (GDS), such as Amadeus, Sabre and Navitaire, and hotels’ property management systems (PMS).
Bank of America is to end its BAMS JV with First Data in June 2020 post the Fiserv deal.
The two parties are to pursue independent merchant services strategies but with an agreement to provide uninterrupted delivery of products and services to BAMS’ clients to at least June 2023. First Data will still remain an important service provider supporting Bank of America’s global payment solutions.
CaixaBank has opened its first “all in one” concept branch that includes ATMs with facial recognition for making withdrawals.
The ATM has the hardware and software necessary to capture an image of the user’s face and validate up to 16,000 control points on it to ensure secure identification.
Thales has announced the launch of the Gemalto Digital ID Wallet.
The new wallet will enable governments to issue a secure digital version of official documents including identity cards, health cards and drivers licenses to smartphones, enabling the storage of the holders vital credentials in a single, convenient and secure location. This will give the ability for people to prove who they are, both online and in the ‘real world’.
The EBA has published clarifications to the fourth set of issues raised by its PSD2 Working Group on APIs.
The clarifications respond to a wide range of issues including confirmation of payment execution, biometrics and authentication on mobile apps. Response document.
The EPA has published a White Paper – “Issuer Declines”: The impact of SCA on payments users.
The paper examines the impact of Strong Customer Authentication strategies on the experience of payments users and what this means for the industry. It finds that 75% of issuers will be ready from a compliance standpoint but not operationally. It also highlights that issuers will be unlikely to be able to support the full range of exemptions and 3DS v2.2 until late 2019 at the earliest.
Zalando is among the first companies to successfully implement SCA.
Supported by Adyen the fashion retailer now requires customers to provide two different authentication methods in order to pay online.
The FCA has published details of which cryptoasset activities it regulates to facilitate authorisation by financial companies offering digital assets and for them to ensure compliance where necessary. However, while warning consumers that bitcoin and other cryptocurrencies have “no intrinsic value”, it points out that the coins fall outside its regulatory powers.
ABN AMRO is selling its remaining 7% holding in equensWorldline to Worldline.
Worldline have announced they will exercise their call option and acquire the remaining shares.
Nets has announced it has now received all the necessary regulatory approvals for its strategic alliance with Przelewy24.
The new joint Polish group under the holding company “P24 DotCard” includes Przelewy24 and Dotpay/eCard, with Nets holding a 51% stake. The brands of Dotpay, eCard and Przelewy24 are being retained.
Nuvei has completed its $889m acquisition of SafeCharge International Group.
Nuvei says the acquisition creates a global payment solutions provider with significant scale. The combined business will be HQed in Montreal, Quebec. SafeCharge has made an application to the AIM stock exchange in London for the cancellation of its listing.
The combined company will have over $12bn in pro forma revenue and more than 55,000 employees.
This follows the closing of the Fiserv/First Data deal the previous day.
American Express has announced it is to acquire acompay from ACOM Solutions.
acompay is a digital payment automation platform that helps business customers to make supplier payments, manage business spend, and improve cash flow. It is the newest addition to a series of B2B payment partnerships, strengthening Amex’s accounts payable automation capabilities and supplier payments offer.
The PSR has set the date for implementation of Confirmation of Payee at 31 March 2020.
The PSR has issued a 10 Page specific direction to the six largest banking groups that sets out that