German savings banks roll out NFC mobile payments to 45m debit card holders

Sparkassen launches mobile payments via smartphone — Deutscher Sparkassen- und Giroverband (translation) — “We have 45m girocards in circulation — and all of them can be used for mobile payments. This makes us a pioneer in Germany in terms of availability and distribution of a mobile payment solution,” says Helmut Schleweis, president of the German Savings Banks and Giro Association (DSGV). In Germany, around 75% of the card terminals are equipped with the corresponding interface for contactless payment, with millions of terminals available worldwide.”



300 German savings banks to roll out their own NFC mobile payments app at the end of July

Mobile payment: Sparkassen app to be available at the end of July — Heise Online (translation) — “A beta version is currently available in the Android Play Store. However, this only works with the accounts of selected savings banks whose employees and customers are putting the system through its paces. At the launch date at the end of July, around 300 savings banks will be there, a spokesman for the savings bank subsidiary S-Payment told Heise Online… Because the savings banks are following their own plans for mobile payment, their customers can not use their credit cards with Google Pay.”




Deutsche Bank to let airlines collect payments direct from customers’ bank accounts

Deutsche Bank pilots game-changing payments solution with IATA — Deutsche Bank — “Deutsche Bank will collect customer payments directly from consumer accounts in line with the newly revised EU Payments Services Directive, PSD2. Currently, payments are mainly processed via credit and debit transactions… With direct payments being processed and received in near-real time, IATA’s member airlines will benefit from the acceleration of their funds. This will generate significant working capital and liquidity benefits — reducing days sales outstanding and the cost of funding for these airlines.”


Adidas produces limited edition sneakers with a built-in transit pass

Shoe-Bahn: Berliners queue for sneaker with sewn-in annual transit ticket — The Local — “The sneaker bearing the design of seat covers on Berlin’s U-Bahn trains that has an annual ticket sewn into its flap was priced at only €180. An annual BVG ticket costs upwards of €761… The sneakers are valid until the end of 2018 as a ticket on Berlin U-bahn (subways), trams, buses and ferries — but only if they are worn at the time of travel.”


Dutch banks ING and Rabobank begin QR code payments pilot

ING and Rabobank customers can now try out Payconiq — Payconiq — “Payconiq allows their users to simply pay online and in-stores by scanning a QR code. Thanks to a direct connection with the user’s bank account, transactions can be swiftly processed against low costs for the merchants… Consumers can already pay at over 45,000 merchants in Belgium and Luxembourg and soon in Germany where Payconiq has been released earlier this month.”


eMarketer raises mobile payments forecast for China

eMarketer projects surge in mobile payments in China — eMarketer — “eMarketer has raised its projections by more than 86% for 2017, and now expects 461.4 million people in the country to use a phone to pay at the POS… By 2021, 79.3% of smartphone users will be tapping, scanning and swiping at the POS. By comparison, the US will have 31% of users doing so, and that figure will be 23% in Germany.”


German savings banks to roll out mobile payments in 2018

G+D Mobile Security enables the German savings banks finance group to provide mobile payment for their member banks — Giesecke & Devrient — “Prior to the commercial launch next year, a mobile payment pilot program with ten issuing savings banks went live in September. With this pilot, the savings banks will test the functionality, operations and user experience of the end-to-end mobile payment solution. In the nationwide commercial phase, Girocard mobile (Girocard is the most used payment card in Germany) and other schemes will be supported.”


Digital currencies

Germany’s central bank reports on potential of blockchain for payments

Bundesbank sees benefits in blockchain technology — Deutsche Bundesbank — “The Bundesbank’s experts see little prospect of DLT [distributed ledger technology] being put to widespread use in the field of individual and retail payments given the current state of the art… They see more potential for DLT in payments beyond the European currency area… There is currently no realistic prospect of central bank-issued digital currency being rolled out in the foreseeable future.”



Survey finds consumers view contactless shopping as both ‘cool’ and ‘creepy’

Rich Relevance

A survey of consumer attitudes to emerging technologies has found that the majority of both US and European consumers now believe that using fingerprint scanning to pay for purchases is ‘cool’ — but UK and European consumers are divided on the idea of contactless shopping services like Amazon Go, with 40% considering the technology to be ‘cool’ and 31% seeing it as ‘creepy’... More





European consortium to develop pan-industry online identity platform

Master key ID platform

A group of German and other European companies including banks, vehicle manufacturers and technology providers have signed a “corresponding declaration of intent” to establish a joint, pan-industry platform that will let their customers use a “so-called master key” for registration and identification when accessing online services across a range of sectors including government, aviation and retail. More





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