Yapital enlarges its partner network with payment service providers Ingenico Payment Services, Heidelberger Payment GmbH (heidelpay) and ConCardis.
Luxembourg’s payment cards (including debit and credit cards) grew at a significant compound annual growth rate (CAGR) of 23.14%, between 2009 and 2014. In terms of transaction value, payment cards produced EUR10.2 billion (US$13.5 billion) in 2013, registering a CAGR of 10.60%, during the same period.
Luxembourg-based Yapital is expanding its cooperation network in the payment ecosystem with industry specialists TeleCash, ICP and cardtech (network providers) and with CCV and ICP (terminal producers).
Luxembourg-based Yapital and TOTAL have teamed to deliver the first European cashless cross-channel payment solution. The rollout to the TOTAL petrol station network in Germany will be completed by summer 2015.
Luxembourg-based Yapital’s cross-channel payment solution has been integrated with the VeriFone H5000 terminal software. With the integration of Yapital in the VeriFone H5000 retailers and merchants can offer their customers the ability to pay with their smartphones by simply scanning a QR code displayed at the terminal.
SIX has increased its stake in the Luxembourg financial services provider CETREL S.A. from 50% to 100% as of 31 March 2014. SIX has underlined the real significance of strategic cooperation and in taking over the company, will expand its leading international offering in the area of card-based payment transactions. SIX is aiming to strengthen its position in the acquiring business and expand the international issuing-processing offering of SIX in Europe. Maintaining central services to strengthen the competitive position of the Luxembourg financial center will continue to be one of the core activities for the company.
Yapital is the first payment system in Europe to integrate BLE technology into its service portfolio, meaning that it can also be used offline. The communication with the point of sale in order to fulfill the payment is “powered by POSCard”, a development of leading POS and EFT specialists POSPartner, a strategic partner of Yapital. Thanks to Bluetooth Low Energy (BLE), which creates a wireless connection between the smartphone and the point of sale, customers can make payments easily using their Yapital app even in places where there is no mobile network coverage – for example in shops located in basements or in some shopping centres.
e-security solutions provider, Cryptomathic, has announced that LuxTrust, Luxembourg’s primary provider of digital identity and data security services, has implemented Cryptomathic Signer. The solution will provide a nationwide e-Signature service that will enable residents to securely and conveniently access banking and government web services, and digitally sign legally binding transactions or online forms from any location. The central signing scheme allows Luxembourg residents to use their standard credentials and a single user-friendly authentication mechanism to access multiple online applications from any organisation connected to the LuxTrust service. An essential component for the service is the Cryptomathic Signer, a pioneering central server that delivers advanced digital signatures with virtual chip cards.
Fexco completed the acquisition and subsequent funding of mobile payments and loyalty start-up, FLASHiZ, in partnership with BNP Paribas Personal Finance. FLASHiZ focuses on the delivery of mpayment solutions using both QR codes and NFC to enable consumers to pay in shops, online, make peer-to-peer transfers and pay paper invoices. The FLASHiZ platform greatly simplifies merchant integration and opens up a new mobile payment method for consumers. Merchants can use the platform to link a variety of payment methods with loyalty and couponing functionality in a way that forges deeper relationships with their own customers. Deployed at more than 500 outlets, the company has built up a steady pipeline of new deployments in key European markets.
Digicash m-payment App that enables clients of affiliated banks to use their smartphones to pay directly from their bank accounts. With P&T Luxembourg (www.pt.lu) as the second bank to offer Digicash as of July 2013, this mobile payment product is now available to more than 60% of Luxembourg’s consumers. Digicash was first launched with Luxembourg’s largest retail bank BCEE in November 2012. On the payer’s side, the product is available as an App for iOS and Android smartphones through participating banks. Payments are made via SEPA Credit Transfers from the payers’ bank accounts using existing interbank channels (STEP2). Digicash is not only suited for payments of small amounts: the default spending limit is set at 2,500 € per transaction and per week. Digicash offers a multi-bank mobile payment solutions in Europe to be fully operational. It relies on the strong, trusting relationship between consumers and their retail banks regarding everyday payment services and tools. The direct link to customers’ current accounts and the easy-to-use sign-up process ensure maximum convenience.
Payment-corporation cashcloud announced that it has secured a second round funding from a private European investment firm. The cashcloud project has been conceptualized by experienced entrepreneurs and investors with a proven track record of success in the area of pre-paid, brand building and marketing especially in the mobile and internet world. It has been awarded with 25 million US$ from a long list of Silicon-Valley-Investors to develop a new mobile payment system that already exists in Europe.
MasterCard Europe announced its disagreement with today’s judgment of the General Court in Luxembourg concerning cross-border interchange fees and said that it intends to appeal the judgment. Commenting on the judgment, Javier Perez, President, MasterCard Europe said: “MasterCard balances the interests of both consumers and retailers, so that each party pays its fair share of…