Weekly Headlines 1 April 2021

1st April 2021

German Federal Court of Justice allows German merchants to charge an extra fee for online payments

Fintechs launch initiative to tackle IBAN discrimination in Europe

Payconiq becomes iDEAL’s technology provider in the Netherlands

Afterpay launches Afterpay Card in Australia

PSR issues a Statement of Objections that alleges that five companies engaged in anti-competitive behaviour

The OBIE introduces Variable Recurring Payments

 

German Federal Court of Justice allows German merchants to charge an extra fee for online payments

The German Federal Court of Justice has allowed German merchants to charge an extra fee for online payments with payment providers such as PayPal and Sofort/Klarna.

With PayPal as well as with Klarna instant transfers, the merchant pays a fee per transaction. After the BGH ruling, the merchant is now theoretically free to pass on the fee directly to consumers who use one of the two online payment services.

 

Fintechs launch initiative to tackle IBAN discrimination in Europe

Wise, N26, Revolut, Raisin, Klarna, SumUp and Fire have launched an initiative to tackle IBAN discrimination in Europe.

They set up a website – Accept my IBAN – where customers can file a complaint which is forwarded to the relevant authorities and the European Commission, saving users the hassle of dealing directly with disputed payments.

 

Payconiq positions itself as iDEAL’s technology provider in the Netherlands

Payconiq and iDEAL have entered in a partnership where Payconiq will be the new technology partner for iDeal 2.0

Payconiq will handle iDEAL payment traffic in the Netherlands, providing an API that will enable merchants, banks, and other service providers to connect to the new platform via a common access point.

 

Afterpay launches Afterpay Card in Australia

Afterpay launches Afterpay Card in Australia. Customers can now make a purchase in stores by tapping the card icon in the Afterpay app, which activates the Afterpay card in the digital wallet app, which can be used to make purchases with Apple Pay or Google Pay.Just like using Afterpay online, customers can pay for their in-store purchases in four instalment payments, without the need to take out a traditional loan or pay upfront fees or interest.

 

PSR issues a Statement of Objections that alleges that Mastercard, allpay, APS, Prepaid Financial Systems and Sulion engaged in anti-competitive behaviour by agreeing not to compete or poach each other’s clients

The Payment Systems Regulator has issued a Statement of Objections that alleges that Mastercard, allpay, APS, Prepaid Financial Systems and Sulion engaged in anti-competitive behaviour by agreeing not to compete or poach each other’s clients. Three out of five parties admit liability for breaching competition rules and agree to pay maximum penalties totalling over £32million as part of settlement.

In its Statement of Objections, the PSR provisionally concludes that the parties coordinated their commercial behaviour to share the market and allocate customers in relation to the supply of prepaid card services used for welfare disbursements to public bodies in England, Scotland and Wales. The pre-paid cards operated on just one card scheme: Mastercard.

 

The OBIE introduces Variable Recurring Payments

The Open Banking Implementation Entity (OBIE) introduces Variable Recurring Payments (VRPs) in Version 3.1.8. of the OBIE Standard.

The Proposition on Variable Recurring Payments states that the VRP Consent must be authorised by the Payment Service User SCA at their ASPSP, however, each individual payment instructed using the VRP Consent does not require SCA of the PSU by the ASPSP; the timing or amount of each payment need not be fixed during the VRP Consent Setup but is instead subject to the constraints of certain parameters, agreed between the PISP and the PSU, which are enforced by the ASPSP; the VRP Consent Parameters are included within the VRP Consent and are therefore subject to SCA of the PSU by the ASPSP as part of the VRP Consent Setup.

 

PSE Innovation Videos

Computop – Biometric Authentication

In this full length video, Ralf Gladis from Computop  discusses the challenges faced by merchants when looking at authentication, and the advantages of good authentication procedures far beyond payments.

Contact Us