Payments News

On The Web

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Global

Speed, safety, and savings in direct payments

“PSD2 will create opportunities for new forms of payment. IATA is investigating how this could be applied to payments by passengers: both direct to the airline and indirectly via travel agents. The potential prize is huge. Globally airlines absorb more than $8 billion in costs for merchant fees and fraud.”
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Global

Revolut adds direct debits in Europe

“Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. While Revolut  is currently applying for a banking license, the company has already been adding everything you need to replace your bank account with a Revolut account…Back in July 2017, Revolut […]
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Companies

Visa Network Crash Hits Customers And Retailers

“Customers are being left stranded at the tills due to a “service disruption” impacting Visa cards. Some businesses are currently unable to process payments made using Visa cards, impacting potentially millions of customers. “Visa is currently experiencing a service disruption. This incident is preventing some Visa transactions in Europe from being processed,” a Visa spokesperson […]
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Domains

Pan-European Instant Payments – Which Scheme Should Banks Choose?

“Domestic instant payments schemes are either live or in progress across the world. In Europe this poses some challenges for the next stage of real-time evolution: cross-border. Even though there is a single pan-EU rulebook “SEPA Inst”, Europe has 34 markets that are either implementing or have successfully implemented domestic schemes, which in turn makes true […]
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Companies

Coinbase Lets You Convert Your Tokens Into Gift Cards

“It’s still quite hard to buy physical goods using bitcoins or ethers. Coinbase plans to (partially) solve that issue with a new partnership with WeGift. Coinbase customers in Europe and Australia can now convert their tokens on their Coinbase account into digital gift cards for popular stores. For instance, you’ll be able to buy gift cards for Uber, Tesco, Google […]
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Global

Disruptive innovation: How distributed ledger technologies are about to change society

“We are launching the EU Blockchain Observatory and Forum to expand our expertise on blockchain development, map existing initiatives, to explore use cases and any barriers to them and to monitor trends and developments. It will also gather all parties involved to address the various implications of blockchain: technical aspects, legal and regulatory concerns, governance […]

On The Wires

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