4th December 2015

4th December 2015
  • Mobile and e/m-Commerce
  • Digital Banking
  • M&A
  • Digital Currency/Blockchain
  • Fraud
  • Instant Payments
  • Regulation

MOBILE and e/m-COMMERCE

Worldpay is moving into cash advances for SMEs. http://tinyurl.com/zukrbn4

Worldpay Business Finance, is being created as a partnership with cash advances provider Liberis https://www.liberis.co.uk/ and will offer loans based on a company’s future credit and debt sales.

Already on US web site at http://tinyurl.com/zy5wthv

Barclaycard on the new ‘Doorstep Economy’. http://tinyurl.com/ja89emj

IMRG estimates £1.1bn was spent on Black Friday, with £561m on Saturday, £676m on Sunday and Cyber Monday rounding things off with £968m.

Payleven introduces ‘payleven plus’ PED. http://tinyurl.com/ohjlccs

The new version is NFC capable and supports Apple Pay. Available online in UK, Netherlands and France now and will be sold by Staples and in Apple stores.

Yapital is being closed down by the Otto Group in Germany.

http://tinyurl.com/ppzumzr

Slow consumer uptake of the QR based concept, poor margins and a very competitive market are apparently to blame – research indicates there are only 200,000 users of mobile payments in Germany. The e-money licence, however, is being used to retain a B2B presence based in Luxembourg.

Venmo clone is being developed in Germany to attack the European market. http://tinyurl.com/jguxxr9

Swatch and Visa Inc. together with Visa Europe are partnering on a new “pay-by-the-wrist” watch. http://tinyurl.com/opuml38

The new watch, to be launched in early 2016, will enable Visa cardholders in the U.S., Switzerland and Brazil to pay anywhere contactless, NFC-based Visa payments are accepted.

MasterCard has launched MasterPass in Sweden. http://tinyurl.com/ofww6f5

This is the first Nordic country with Nordea, SEB and Swedbank signing up and ICA Banken and Resurs Bank following shortly.

ING rolls out its HCE based mobile payments service. http://tinyurl.com/orvkdms

The app is now available in the Netherlands with an NFC phone running Android 4.4 or higher following a trial that began in September 2015.

Vodafone is also trialling mobile payments in the Netherlands with the public transport companies. http://tinyurl.com/zho2gpv

The trial enables Vodafone wallet users to load their Translink pass onto their phone.

 

DIGITAL BANKING

Tandem, the latest entrant in the digital bank stakes has been given a licence by the Bank of England. http://tinyurl.com/pnpnlnp

Number26, the German based digital bank, is launching in six new European markets. http://tinyurl.com/jerdbvz

Number26 is now available in France, Greece, Ireland, Italy, Slovakia, and Spain, which it says is the first step toward offering a borderless banking experience across Europe.

 

M&A

Paypoint is struggling to sell its payments business. http://tinyurl.com/zlmscbl

Although Mobile and Online transactions are up 22.2% the H1/15 results include the following statement.

Offers on the Online Payments business have not met expectations and accordingly, we have impaired the entire goodwill on this business.’

FIS has completed its acquisition of SunGard. http://tinyurl.com/jcjw99y

Allied Wallet is exploring the possibility of an IPO in 2016.

http://tinyurl.com/oaj7xer

It has engaged BofA Merrill Lynch to act as its financial advisor to to provide guidance on potential strategic opportunities.

 

DIGITAL CURRENCY/BLOCKCHAIN

Imperial College, London has announced the setting up of a Centre for Cryptocurrency Research and Engineering (IC3RE).

http://tinyurl.com/jr45383

The aim of the Centre is to explore how the technology can have applications beyond digital currency.

The Minister of Finance of the Grand Duchy of Luxembourg has announced it has granted the first bitcoin licence to provide services as a regulated payment institution within the European Union. The “BitLicense” will allow the provider to offer payments, remittances and currency exchange services to individuals, companies and financial institutions.

 

FRAUD

The BBA has published a Lexis Nexis report examining ‘Future Financial Crime Risks’.

http://tinyurl.com/pxdjwtf

The Report builds a picture of the current risk landscape, as well as looking to the horizon; reflecting on the challenges faced by institutions and their financial crime professionals.

 

INSTANT PAYMENTS

The ECB has issued a statement on ‘Instant payments across Europe’.

http://tinyurl.com/zkqcucf

The EPC has been set a live date of November 2017 for a Euro instant payments system after initial publication of the scheme a year before.

The EPC has issued a PR and in its Blog gives details of its submission to the ERPB.

PR http://tinyurl.com/zodkdmn

Blog http://tinyurl.com/gn5hgbd

The EPC proposal covers the general features of the future SCT Inst scheme.

 

REGULATION

The PSR has published draft guidance setting out how it will run the IFR.

http://tinyurl.com/nouccu2

Draft Guidance paper for consultation http://tinyurl.com/plusqkf

The Polish Financial Supervision Authority (KNF) has issued a Recommendation on the Security of Payment Transactions carried out online by banks, payment institutions, e-money institutions and cooperative savings and loan societies.

Industry Videos

Dutch cashierless store trial

ING is working with supermarket chain Albert Heijn and US AiFi on a cashierless store trial.

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.

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