Weekly Headlines

1st July 2022

European eCommerce grew by 13 % in 2021

Huge rise in authorised push payment fraud in the UK

UK Open Banking May Highlights

Nexi to power Ireland’s first instant mobile payment service

PSR sets out plans to help UK retailers get better acquiring deals

The issue with BNPL returns

 

European eCommerce grew by 13 % in 2021

European eCommerce grew by 13 % to €718 billion euros in 2021, according to the Ecommerce Europe and EuroCommerce 2022 European E-commerce Report. The growth rate has remained stable, though it has risen slightly compared to 2020.

 

Huge rise in authorised push payment fraud in the UK

The latest fraudfigures released by UK Finance reveal a huge rise in authorised push payment fraud in 2021, with losses 39% up on the same period in 2020.

 

UK Open Banking May Highlights

TheOBIE has shared its Open Banking Highlights for the month of May. There were 339 regulated providers, made up of 249 third party providers and 90 account providers, with 139 regulated entities that have at least one proposition live with customers.

 

Nexi to power Ireland’s first instant mobile payment service

Ireland’s first instant mobile payment service,Synch Payments, has partnered with Nexi as its platform and service provider.

 

PSR sets out plans to help UK retailers get better acquiring deals

ThePSR has set out plans to help UK retailers get better deals for card-acquiring services. The PSR is proposing three remedies: greater transparency, greater engagement and the ability to change providers easily.

 

The issue with BNPL returns

Buying is the easy part; returning, not so much. BNPL return policies vary from player to player and, in most cases, consumers need to contact the merchant, as well as the loan provider, to get a refund.

 

Latest News Round-up

Weekly Headlines

PSE Innovation Videos

Codat – Opportunities for Open Finance

In this full length conversation with Yasamin Karimi from Codat we discuss the benefits of Open Finance to acquirers as they seek to onboard new customers and carry out credit checks. Yasmin highlights the emerging opportunities of combining accounting, Open Banking, and commerce platform data to create a rounded view of where a business has been, its current cash position and its order pipeline.

Contact Us