Weekly Headlines 23 December 2021

23rd December 2021

Nearly seven in ten debit card transactions and just over half of all credit card transactions in the UK are now contactless

Commerzbank and Deutsche Bank allow customers to use the giropay to pay online

SweepBank launches in Finland and Latvia

Thales, Fiserv and Mastercard conduct trials on biometric cards in Poland

Barclays is partnering with Amazon to offer instalment payment plans

 

Nearly seven in ten debit card transactions and just over half of all credit card transactions in the UK are now contactless

Nearly seven in ten debit card transactions (69%) and just over half of all credit card transactions (53%) in the UK are now contactless. UK Finance figures also show that there were 1,260m contactless card transactions during September, an increase of 30.5% from 966m in September 2020 and 70.3% more than the 740m recorded in September 2019.

 

Commerzbank and Deutsche Bank allow customers to use the giropay to pay online

Commerzbank and Deutsche Bank are allowing customers to use the giropay method to pay for online shopping. Users need their access data (username and PIN) from online banking, and the payment is confirmed by means of a TAN.

 

SweepBank launches in Finland and Latvia

SweepBank launches in Finland and Latvia. Backed by Malta-based Ferratum Bank, the bank offers online and mobile app banking services, a savings account and a free virtual Mastercard Debit card.

 

Thales, Fiserv and Mastercard conduct trials on biometric cards in Poland

Thales, Fiserv and Mastercard have been conducting trials on biometric cards in Poland, with Bank Pocztowy beginning to issue biometric cards.

 

Barclays is partnering with Amazon to offer instalment payment plans

Barclays is partnering with Amazon to offer instalment payment plans. Financing options are available on terms between 3 and 48 months for purchases over £100 on amazon.co.uk. According to the press release, customers will be able to select their choice of instalment plan at the checkout, complete an online application and, in most cases, they’ll receive an immediate response from Barclays letting them know whether they’ve been approved. Debt repayments are automated via Direct Debit and the account can be managed directly through the Barclays App, even if the customer doesn’t bank with Barclays.

 

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.

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