IMRG Capgemini eRetail Sales Index for July shows ales growth slowing to 4.4% yoy and falling by -5.7% from June.
These figures represented the lowest ever July yoy increase, and came in well below the 3-month, 6-month, and 12-month rolling averages (respectively +4.9%, +4.9%, +6.5%).
Barclays has launched a web site to sell Pingit payment devices.
The ‘shop’ only has three items on offer currently – a wristband, fob and loop. Apparently, more is promised.
Telia and Finnish OP bank are demonstrating how 5G supports facial recognition and payments.
Customers buying ice cream from an ice cream van are being enabled to make payments using the face payment solution Pivo and Telia’s 5G technology. Pivo Face Payment means customers simply stand in front of a tablet, tap confirm and the payment is finalised using pre-saved credit card details.
BBVA is to offer digital customer onboarding across all its operations by the end of 2019.
Using biometric ID technology developed in a JV with fintech Das-Nano, the capability, already available in Spain, US, Mexico and Columbia will be rolled out across its operating footprint in LATAM and Turkey.
Square has announced an expansion of its platform in the US beyond its core payments function.
The move will see the Square platform include a new set of APIs and SDKs that developers can use to build customised and scalable commerce experiences that will shift the focus from payments to orders.
Square has announced its integration with Goodtill POS.
The integration gives Square access to functionalities such as loyalty capabilities and inventory management. Businesses using Goodtill’s iPad based software are now able to process payments using Square.
JCB International is partnering with EVO payments to allow JCB payment acceptance in the UK and Ireland.
The move will increase JCB acceptance for SMEs and give additional access to ISVs who are active in the UK. It follows the formation of an alliance with French banking group Arkea in France in June and an earlier partnership with EVO in Poland.
PayPal has launched a crackdown on German online casinos.
Apple Card is now available in the US.
Users can apply for Apple Card through the Wallet app on their iPhone and start using it immediately with Apple Pay (if approved) in stores, in apps and on websites. Customers will receive 2% cash back ‘Daily Cash’ every time they use Apple Card with Apple Pay, and 3% on all purchases made directly with Apple. Uber and Uber Eats are coming on board to offer 3%.
Monzo has announced a new Get Paid Early feature.
Monzo is leveraging the Bacs system to allow access at 4pm the day before ‘pay day’. It also applies to payments from the Student Loan Company.
Visa has announced a suite of innovative security capabilities to help prevent and disrupt payment fraud.
The new capabilities, which combine payment and cyber intelligence, insights and learnings from breach investigations, and law enforcement engagement, are available to Visa clients at no additional cost or sign-up.
The CMA has announced Sabre’s takeover of Farelogix raises competition concerns
Should the $360m deal go ahead as planned, the CMA is concerned that Sabre would not face enough competition from other suppliers. The proposed takeover is already being investigated by the US Department of Justice.
The EC has said that the $21.5 bn merger between Global Payments and Total Systems Services is to be examined for potential antitrust concerns.
Lunar Way, a Danish fintech banking app, gained a European banking licence and raising €26m in new funding.
The funds will be used to accelerate its growth in the Danish, Swedish and Norwegian markets. The fintech has no plans to expand its footprint beyond the Nordic region.
The Gambling Commission has commenced its twelve-week consultation on gambling with credit cards announced in July.
Users gain access by scanning their debit card, with cameras and ‘smart shelves’ tracking purchases and automatic payment on exit. Similar to Amazon Go but does not require an app.