Adyen will offer Tap to Pay on iPhone later this year
RS2 launches own acquiring business in Germany
Zilch partners with Experian
UK government wants to make the country a global hub for crypto
Mollie partners with subscription management solution Recharge
EBA publishes final Report on exemption to SCA for account access
Piraeus Bank to build a new online-only independent bank
The state of open banking in Europe
Adyen will offer Tap to Pay on iPhone later this year
Adyen will offer Tap to Pay on iPhone later this year. Tap to Pay on iPhone enables businesses to accept contactless payments using their iPhone, including payments via Apple Pay, contactless credit or debit cards, or other digital wallets. Adyen is working with enterprise customers and commerce platforms, such as Lightspeed Commerce and NewStore, to extend the feature to even more businesses.
RS2 launches own acquiring business in Germany
RS2 has launched its own acquiring business in Germany, offering a one stop payment solution for merchants and PSPs. Completing the full offering, RS2 will provide its partners with a wide range of issuing services starting from pre-paid up to debit, credit, and charge card combined with loyalty and reward products. The launch in Germany kick-starts RS2’s issuing and acquiring global strategy.
Zilch partners with Experian
To address the concerns over affordability checks in BNPL, Zilch has partnered with Experian to begin reciprocal reporting of credit data. Zilch says its current blend of CRA data, Open Banking data and its own proprietary behavioural data creates a 360 degree view of a customer’s affordability at any given time.
UK government wants to make the country a global hub for crypto
UK Chancellor Rishi Sunak is to launch a non-fungible token through the Royal Mint as part of plan to turn UK into ‘global hub’ for crypto. And the UK’s Economic Secretary to the Treasury announced that legislation will be introduced to bring certain stablecoins into the UK payments framework, as well as projects to tackle broader crypto regulation and decentralised autonomous organisations (DAOs).
Mollie partners with subscription management solution Recharge
Mollie is partnering with the subscription management solution Recharge for subscription-based ecommerce businesses. Together they offer an API-first, end-to-end subscription solution with support for recurring payments and subscription management. The subscription solution is now available in all countries in which Mollie is active.
EBA publishes final Report on exemption to SCA for account access
The EBA has published its final Report on the amendment of its technical standards on the exemption to SCA for account access. The changes introduce a new mandatory exemption to SCA that will require account providers not to apply SCA when customers use an AISP to access their payment account information, provided certain conditions are met.
Piraeus Bank to build a new online-only independent bank
Piraeus Bank is to build a new online-only independent bank. The digital-only bank will kick off with a focus on the retail consumer segment, with Piraeus directing “e-friendly” customers to new entity.
The state of open banking in Europe
The state of open banking in Europe in 4 charts.
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.
