Payments News

On The Web

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Domains

WordPress Plugin WooCommerce Activates Its Payments Offering in Europe

“Popular WordPress ecommerce plugin WooCommerce has expanded its payment services across four new countries as part of plans to reach more retailers and SMBs worldwide.   Businesses in Spain, Italy, France and Germany will now have access to WooCommerce’s solution, which allows users to manage payments directly from their store’s dashboard. The firm has also […]
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Global

Why Europe Is Building Another Payments Network Even Though It Doesn’t Need One

“Yet despite this surfeit of choices, many of Europe’s largest banks are backing an effort to build a new European-wide payments network that could replace national payments networks and challenge the dominance of Visa and Mastercard across the continent…Previous efforts to create such a pan-European payments network failed. Most recently, one called the Monnet Project […]
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Global

Europe’s largest banks plan joint attack on US payments giants

“More than 30 of Europe’s largest banks and credit card processors are trying to create a payments giant capable of shattering a US-dominated “oligopoly”. A Brussels-based venture, which currently employs 40 payment experts, has until September to draw up a blueprint for a pan-European payments service that can be used to pay online as well […]
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Global

European Banks Seek Technical Partners to Help Build Rival to Visa and Mastercard

“The European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa, has put out a Request for Information for ‘qualified technical partners’ to help build its central infrastructure. Backed by 31 major Eurozone banks and acquirers Wordlline and Nets, the EPI is striving to create a unified pan-European […]
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Global

Worldline and Nets become shareholders of EPI Interim Company

“The European Payments Initiative (EPI) has entered its next phase with Worldline and Nets becoming shareholders of the EPI Interim Company. Meanwhile, third-party acquirers have joined the initiative. The EPI was created by 16 European banks in July to provide a unified, innovative pan-European payment solution leveraging Instant Payment/SEPA Instant Credit Transfer, which offers a […]
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On The Wires

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Domains

Selecta Group and Fiserv to Roll Out Cashless Payments Across Europe

“Selecta Group, Europe’s leading route-based self-service retailer offering coffee and convenience food solutions in the workplace and in public spaces, is partnering with Fiserv, Inc. , (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, to commence the enhancement and streamlining of digital payments across its points of sale, meeting consumer […]
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Domains

ACI Worldwide and J.P. Morgan Collaborate to Offer Merchants in Europe Greater Choice of Payment Options

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , today announced a collaboration with J.P. Morgan, a global leader across banking, markets and securities services, that will enable merchants in certain European countries to deliver in-store payment acceptance capabilities to their customers. J.P. Morgan has been ranked the […]
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Global

Fidor Solutions Partners With SIA to Launch Instant Payments Service in Europe

“Fidor Solutions, a 100 % subsidiary of Sopra Banking Software, has signed a partnership agreement with SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, to launch its new instant payments service in Germany and in other European countries. Thanks to this agreement, Fidor Solutions is able to allow European […]
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Global

The European Payments Initiative (EPI) announces major Polish and Finnish banks and consortium of twelve Spanish credit institutions join as new founding shareholders

“Today, EPI Interim Company, responsible for initiating the implementation of the European Payments Initiative (EPI), is pleased to announce that PKO Bank Polski (“PKO BP”), Poland’s largest bank, and OP Financial Group, the leading Finnish retail bank, are joining EPI as founding shareholders of the recently created company. Furthermore, a group of 12 Spanish credit […]