Next year will be full of complex challenges for pay-now product experts, as the last decade has been. Indicators suggest that less effort will be wasted on legal entanglements and arbitrary requirements and more thought and effort will be focused on improving the user experience, improving payment security, and solving real payments problems.
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its second installment.
The Consumer Financial Protection Bureau has been on a recent tear: hitting a small-dollar lender for illegal debt collection practices; warning colleges to improve disclosure of school-sponsored credit card agreements; and an upcoming proposal to regulate payday-type loans with more severity.
CardFlash News Briefs: WESTERN UNION (websites); AVIDIA (Apple Pay); THE BANCORP (execs); and BERG INSIGHT (report).
Minneapolis-based Digital River has signed a strategic alliance agreement with Japan’s NIPPON SYSTEMWARE (NSW), an e-commerce solutions providers.
Discover Financial Services (DFS) has landed on Barron’s “Top Ten Stock Picks for 2016.” A “steady grower,” DFS replaces “sprawling” Bank of America (BAC).
There is a windfall of US$380 billion in annual revenues waiting for banks to tap by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system.
As the European Banking Authority (EBA) develops its Regulatory Technical Standards, and as the EU Member States consider the detail of PSD2, any regulation governing online payments should enable and encourage the e-commerce sector to balance the twin considerations of risk and convenience (otherwise growth would be stifled and costs would increase).
SC-based Uphold is now enabling U.S. members to fund their Uphold accounts by linking their bank accounts, debit or credit cards, in addition to bitcoin.
Visa Europe says a nuanced and segmented risk-based approach is required for e-commerce. If you have already determined that a transaction is legitimate, there is absolutely no need to force a customer to authenticate themselves.
In today’s CardFlash News Que: US BANK (ScoreBoard); CARDFELLOW (Dharma); MASTERCARD (Thailand); and ETA (TRANSACT).
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.