EBA new Opinion regarding SCA
EPC Request-to-Pay rulebook consultation
PayUK Request-to-Pay Framework
UK Finance Payments Market Report
Mastercard Recovery Insights Initiative
Ondot Systems partners Visa Tokenisation Service
Rapyd UK launch
Barclaycard partnership with Kount
Nets Passport Reader
PayPal invests in Tink
The Opinion aims to support the objectives PSD2 and the provision of TPP services by addressing a number of issues regarding the interfaces provided by ASPSPs to TPPs. It clarifies when mandatory redirection is an obstacle to the provision of TPPs’ services and the authentication procedures that ASPSPs’ interfaces are required to support.
The publication of the formal first version of the SRTP rulebook is planned by end November 2020. The scheme itself is expected to enter into force shortly after the publication date.
The framework includes the message standards, rules, and terms and conditions for the development of Request to Pay services. Organisations are now able to create the first Request to Pay propositions. Developers can access the new Framework and begin enrolment to provide Request to Pay services by visiting www.requesttopay.co.uk..
Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51%) of all payments for the first time. Cash payments decreased by 15% but still remain the second most frequently used method, accounting for 23% of all payments.
Mastercard has launched a Recovery Insights Initiative.
Drawing on Mastercard’s analytics and experimentation platforms, the initiative provides a set of tools, innovation and research that can provide relevant current information and support data-driven decision-making going forward. Mastercard is making certain insight-driven tools available at no cost to governments and select businesses to give a timely snapshot of economic performance.
Ondot Systems has announced its collaboration with Visa Token Service.
The partnership will enable the company to begin tokenizing credential-on-file digital payments on behalf of their clients. Ondot will provide tokenization services through the company’s Card App interface to support the use of Visa cards through digital wallets.
The launch of Rapyd’s “full-stack” payment solution follows its acquisition of Icelandic PSP Korta in April that provided Rapyd with online acquiring and POS capabilities. The move facilitates payments locally and across border for companies, through one single API, reconciliation process, and contract.
Barclaycard Payments has announced a new partnership with Kount.
The partnership will give Barclays Transact customers access to Kount’s fraud detection software, which uses complex data linking within the Identity Trust Global Network and artificial intelligence algorithms. The fraud module will also help businesses to prepare for the introduction of SCA.
The Nets Passport Reader is app based and bridges the gap between physical ID documents and digital identification. The service has no geographical limitations and is compatible with passports from over 130 countries. The app is now being utilised by the Norwegian authorities to address a variety of identification needs for people who don’t yet possess a Norwegian eID.
As a first step, PayPal will implement Tink’s open banking and account aggregation technology into some user experiences for customers. The expanded relationship is supported by a second strategic investment from PayPal, carried out in connection with Tink’s latest €90 million investment round.
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.