Utrecht-based Equens is expanding its product portfolio to include an end-to-end pan-European instant payment service. The delivery to the market of the first components is scheduled for the second quarter.
Worldline and Equens are getting married. Equens is a prominent European payment services provider, headquartered in Utrecht, Netherlands, with €305 million 2015 revenue. Equens Worldline Company will become the largest pan-European financial processor, targeting 2016 revenue of € 700 million and OMDA of € 120 million, managing approximatively 100 million payment cards and employing 3,000 experts in payment.
The first JCB in Austria is being launched by card complete Service Bank. card complete is the leading Austrian market player with more than 1.3 million Visa and MasterCard cardholders.
VeriFone Systems reported net revenues (GAAP) were $491 million for the three months ended October 31st (Q4 FY14). Non-GAAP net revenues for the latest quarter were $491 million, compared to $432 million a year ago, a 13% increase.
Verifone’s MX 915 and MX 925 payment terminals have been granted SEPA Common Criteria certification by the Dutch Certification Body (NSCIB).
Brussels-based Trionis, the pan-European inter-bank processing network, plans to build a gateway to enable JCB merchant acquirers across Europe to connect with the JCB payment network. The gateway will be operational in Q1 2015.
MasterCard Europe has started a unique pan-European index to map all publicly available mobile shopping apps in Europe named the Mobile Top App Index by MasterCard. The Index is set to discover the best mobile shopping apps across the diverse markets of Europe and reveal how consumers are embracing mobile technology when shopping on the go.
Barclaycard is acquiring Susquehanna Growth Equity in the fourth quarter. The deal includes The Logic Group’s UK and Spanish businesses. Susquehanna Growth Equity is the sole institutional investor in The Logic Group.
Nochex online payment services to internet entrepreneurs will now provide PSP through V.me by Visa digital wallet service to serve its e-commerce merchant portfolio. V.me by Visa is the UK’s first pan-European digital wallet service to be offered by banks and financial institutions. Offering simple, secure online payments, V.me by Visa is designed to increase consumer confidence in online shopping and reduce the proportion of sales that are abandoned during the checkout process.
KBC is joining MyBank and will offer this Europe-wide payment method to their retail and corporate customers from spring 2015 on.The MyBank button redirects internet shoppers to their online or mobile banking platform, where they can pay by confirming a SEPA Credit Transfer order that already has all the details filled in. KBC will also roll out MyBank Mandates, a solution that will allow customers to authorise electronic mandates for the payment of recurrent bills or online purchases via SEPA Direct Debits. Merchants and public authorities across Europe will be able to replace paper mandates with this efficient new solution. Moving to an electronic process that informs the bank of the debtor about the signing of a mandate in real-time reduces costs and the time required to collect funds.MyBank is currently available to over 12 million retail customers in Italy, France and Luxembourg and supports the initiation of SEPA Credit Transfers via online or mobile banking. From October 2014 on, the solution will also enable customers to create, modify and cancel electronic mandates for direct debits.
Gaining more traction Seamless’ SEQR this month will begin routing payments exclusively through SEPA. The SEQR implementation at McDonald’s in Belgium this month will be the first market where Seamless will utilize the SEPA (Single Euro Payments Area) payment infrastructure. This will enable consumers to connect SEQR to their bank account for debit payments, regardless of which bank they hold an account.
MyBank Mandates has been set to launch for 27th October 2014. MyBank Mandates provide direct debit users with a simple way to agree online and in real time that their account can be debited. Merchants and public authorities across Europe will be able to replace paper mandates with this efficient new solution. Paper mandates are expensive and lead to higher rejection rates for the first collection. Moving to a real-time electronic process that involves the bank of the debtor reduces costs and the time required to collect funds. MyBank Mandates will also support mandates by consumers waiving their automatic “no-questions-asked” refund right. MyBank Mandates do not interfere with the statutory refund rights provided under consumer law. This will help bridge the gap between today’s situation, where no-refund direct debits still exist as niche products in several countries, and the introduction of a pan-European scheme foreseen in the coming years.