Payments News

On The Web

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Global

Europe’s Core Payments Network Disrupted by Technical Malfunction

“The European Central Bank blamed a software defect for a disruption to the region’s main wholesale payment system last week that left banks unable to process transactions and securities trades for almost 11 hours. The outage on Friday paralyzed the ECB’s Target2 payments system, which provides the plumbing that allows money to flow across the […]
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Deals

Nexi is Said to Pursue Nets in New Blockbuster Payments Play

“Nexi SpA is already hunting for its next target after agreeing a milestone payments merger with Italian rival SIA SpA , as consolidation in the sector shows little sign of easing. Milan-based Nexi made a non-binding bid for Denmark’s Nets A/S , people familiar with the matter said, asking not to be identified because the […]
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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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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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On The Wires

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Companies

Stripe Launches in Five More European Countries

“Stripe, a global technology company that builds economic infrastructure for the internet, today announced its official launch in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta. Europe is home to some of the largest and fastest-growing online economies in the world. This growth is even increased by the accelerated shift from offline to online that […]
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