Equens + Worldline

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.

MC Mobile Top App

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.

Nochex becomes Visa V.me PSP partner

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 Bank Joins MyBank

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.

SEQR + SEPA

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.

EBA Clearing MyBank Solution Slated for Launch

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.