Weekly Headlines 29 October

29th October 2021

PayPal launches the Zettle Terminal, its all-in-one POS solution for SMEs

Trilo and Yapily enabling A2A payments for F2F and online merchants

Stripe partners with Klarna to offer BNPL options

UK shoppers rack up more than £4bn in BNPL debt

SCA failure rates reach 29% in September

Link required to ensure a broad geographic coverage of free-to-use ATMs in the UK

Mastercard to discontinue its Maestro brand

Growing list of issuers, acquirers and fintechs using Visa Installments Solution

 

PayPal launches the Zettle Terminal, its all-in-one POS solution for SMEs

PayPal has launched the Zettle Terminal, its all-in-one POS solution for SMEs. The Zettle Terminal is available in the UK and will continue to roll-out across additional markets in Europe in 2021 and into 2022 (when it will also be deployed in the US).

 

Trilo and Yapily enabling A2A payments for F2F and online merchants

Trilo is partnering with Yapily to enable A2A payments at F2F and online merchants.

 

Stripe partners with Klarna to offer BNPL options

Stripe has partnered with Klarna to offer BNPL options in the US and across 19 countries in Europe.

 

UK shoppers rack up more than £4bn in BNPL debt

UK shoppers have racked up more than £4bn in BNPL debt. The study by Credit Karma reveals that an estimated 7.7 million Britons have accumulated an outstanding balance of £538 for each user.

 

SCA failure rates reach 29% in September

CMSPI analysis of Septemberdata yields an estimated European failure rate on transactions of 29%. This represents a worsening of the situation, compared to 26% in August 2021. Other key findings in this month’s update include an estimated annual sales at risk of €90 billion, over 40 times the value of fraudulent transactions in the SEPA region in 2018. The worst performing country continues to be Belgium, with an estimated failure rate of 44%.

 

Link required to ensure a broad geographic coverage of free-to-use ATMs in the UK

PSR’s new ruling requires Link to have in place policies, measures and reporting obligations to ensure the maintenance of a broad geographic coverage of free-to-use ATMs in the UK.

 

Mastercard to discontinue its Maestro brand

Mastercard is planning to discontinue its Maestro brand soon due to the popularity of eCommerce.

 

Growing list of issuers, acquirers and fintechs using Visa Installments Solution

Visa announced that a growing list of issuers, acquirers and fintechs are leveraging its Visa Installments Solution, although it still is mainly in the North America and Asia-Pacific regions. The only European country reported is Russia. Visa also claims that is working with Cybersource, FIS, Global Payments and TSYS in several markets across the globe to enable the solution.

 

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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