M&S is to launch a “Mobile, Pay, Go” app feature in an initial roll-out at six London stores. http://tinyurl.com/y9t6g4ud
Customers open the M&S app, scan products as they go and then pay from their iPhone using Apple Pay or a saved card on their M&S.com account.
The British Fashion Council and iZettle teamed up to bring contactless payments for consumers during London Fashion Week. http://tinyurl.com/yd66o34j
Klarna has published survey results on consumer views re tech features being introduced by fashion retailers. http://tinyurl.com/y7pq9ybc
Essentially consumers are not interested in technologies such as AR / VR.
Wirecard is launching a ‘Try Before You Buy’ flexible invoice payment option. http://tinyurl.com/y9bv6yop
The initial users of the service in Europe are Calvin Klein and Tommy Hilfiger.
Danske Bank is testing a new contactless payment solution. http://tinyurl.com/y7unb3ju
The solution enables a Mastercard payment chip to be embedded in a wristband or attached to a keyring, watchstrap or piece of jewelry. Branded ‘FastPay’, the solution is being rolled-out in a trial in Denmark, Norway and Sweden. Perhaps not a major breakthrough in the wearables environment.
Apple is adding support for contactless student ID cards in Wallet but only for 3 Universities in the US. http://tinyurl.com/ybptvdc2
Students can now add their ID card to Apple Wallet and use it to pay for laundry, coffee or lunch, and access their sleeping accommodation, the gym or the school library.
Another Speech from Yves Mersch – The future started yesterday – on instant payments. http://tinyurl.com/y7zocps9
YN repeats the point that (card) payments are dominated by non-European players and that now that instant payments give EU players the chance of becoming ‘leaders in innovation, based on European standards’.
And ACI Worldwide doesn’t miss a trick with the announcement of support for the TIPS scheme. http://tinyurl.com/y8bah94x
PPRO’s 140+ APMs will now be extended to Credorax’s merchants and PSPs while Secure Trading will offer over 18 European APMs.
SIA has completed the acquisition of First Data’s card processing businesses in Central and Southeastern Europe. http://tinyurl.com/ybop7yy6
SIA says that the deal makes it the leading player in processing and services in the region. First Data says it remains ‘highly committed to the European issuer processing business’ post the sale.
Sberbank has signed an agreement to accept JCB cards on its merchant acquiring network across Russia. http://tinyurl.com/y93cnhpz
The acceptance of JCB cards will be automatically enabled for all new clients signing an acquiring agreement with Sberbank.
Ingenico’s nexo-based payment gateway has received authorisations from GIE CB and Bancontact. http://tinyurl.com/y79ax7ax
This will allow Merchants to accept co-branded cards using the domestic brands rather than through the ICS.
Miles & More is expanding its offering to programme members in France. http://tinyurl.com/ycwu37v8
In cooperation with Advanzia Bank S.A., Miles & More is launching a Miles & More Gold MasterCard
TransferGo is using Ripple to offer 100% free and zero fee cross-border transfers. http://tinyurl.com/ydeoatan
TransferGo’s free service is powered by the success of its premium service, TransferGo Now, which allows customers to make international money transfers instantly.
Sabre Corporation has announced the launch of its Digital Airline Commercial Platform (DACP). http://tinyurl.com/ya4vldhr
Launching with three airlines – Aeroflot, Ethiopian Airlines and Etihad Airways – the Commercial Platform delivers end-to-end personalised retailing with dynamic pricing capabilities, a flexible and open API hub, an ultra-fast shopping engine and a mobile-first, consumer-grade workspace for airport agents.
LinkedIn Top UK Startups. http://tinyurl.com/y786wyab
To be eligible for Top Startups, companies must be seven years old or younger, have at least 50 employees, be privately held and headquartered in the UK.
N26 is commencing a beta phased release in the UK. http://tinyurl.com/ybpq4ccy
Following an initial ‘friends and family’ phase, a rollout to the waiting list of more than 50,000 UK subscribers is planned. N26 claims it has more than 1.5m customers across 17 existing European markets.
Fujitsu Laboratories has announced new biometric authentication technology. http://tinyurl.com/ycm7h82n
Fujitsu has developed a non-contact, integrated biometric authentication technology that can identify a person using only their palm vein and facial data..
The ECJ has made a Judgement on the status of a Savings account as ‘payments account’ under PSD2. http://tinyurl.com/y8ybanqc
In summary – “a savings account which allows for sums deposited without notice and from which payment and withdrawal transactions may be made solely by means of a current account does not come within the concept of ‘payment account’”.
EC announcement re eIDAS roll-out. http://tinyurl.com/ya8fnjam
Global Payments has entered into an agreement with LLR Partners to acquire Sicom Systems for approximately $415m in cash. http://tinyurl.com/y8e4wvhy
Sicom is a global restaurant enterprise technology solutions provider and has c11,000 employees serving customers and partners in 31 countries. The move enhances GP’s offer in Europe in a vibrant sector.
Banco Sabadell’s innovation vehicle InnoCells has acquired Spanish online payments platform PayTPV. http://tinyurl.com/y7f7p99j
Sabadell plans to integrate PayTPV’s technology into its offering to merchants, strengthening its position in the Spanish online payments space.
The UK CMA has announced the launch of its PayPal Holdings, Inc / iZettle AB merger inquiry by notice to the parties. http://tinyurl.com/yd6ct5km
FCA Speech – Rolling the rock: The cycle of deregulation, crisis and regulation. http://tinyurl.com/yaydxhwz
Charles Randell, Chair, FCA said that the Regulator does not see the UK’s withdrawal from the European Union as an opportunity to join a race to the bottom in regulatory standards. “We remain committed to high standards of regulation in the UK and to contributing to high global standards”.
Overall, the review established that the 13 firms assessed had reasonably effective anti-money laundering and counter-terrorist financing systems and controls. However, the work did highlight some weaknesses; therefore all firms should avoid any complacency.
The latest ING International Survey indicates Europeans are wary of new technology in banking, despite a high demand.
New technology, such as facial and voice recognition, is giving more options than ever before, but despite these advances, acceptance is far from complete with 65% of Europeans having never used fingerprint or voice recognition to log into their banks’ app.