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    EU Payment Services Directive II (PSD2)

    News about EU Payment Services Directive II (PSD2).

    Nordea Bank: PSD2 will require banks to adopt a ‘totally new way of viewing their customer base’

    March 27th, 2017

    Significant confusion and a high level of fragmentation can be expected over the next five years as European financial institutions become accustomed to new regulations under the Payment Services Directive (PSD2) which will open the door to new competition within the European payment services market, says Nordea Bank’s vice president of strategic business development, transaction banking and business innovation. More

    Rambus hosts payments leaders in Rotterdam for Mobey Day

    March 20th, 2017

    PARTNER NEWS: Rambus is hosting Mobey Day in Rotterdam from 21-23 March, bringing together speakers from ING, Aite Group, CaixaBank, Danske Bank and Mastercard to discuss the payments and buying experience. Sessions will explore topics including PSD2, the key success factors for digital wallets, opportunities in the Internet of Things (IoT) and invisible payments.

    Nordea launches PSD2-inspired Open Banking portal

    March 2nd, 2017

    Nordic bank Nordea has launched the first version of its Open Banking/Open API portal, offering third-party developers the chance to collaborate with the bank as part of the requirements laid out by the European Payment Services Directive (PSD2). “Nordea is seeking to actively collaborate with third parties and industry innovators to co-create future banking services,” says Nordea’s Jarkko Turunen. The bank’s Liisa Kanniainen has written for NFC World’s What’s New in Payments report on what the new European PSD2 and GDPR regulations mean for the future role of banks.

    Europe to relax requirements on strong customer authentication for online and unattended payments

    February 22nd, 2017

    The European Banking Authority (EBA) is to modify its proposed plan for “strong customer authentication” on all remote payments over €10 (US$10.50), which would have required customers to present additional authentication at checkout such as… More

    What’s New in Payments: Leading international innovators explain the latest payments trends and technologies in free special report

    February 16th, 2017

    Senior executives from Starbucks, Pizza Hut, Barclaycard, Swatch and CaixaBank are among 12 leading payments innovators who have contributed to What’s New in Payments, a 104-page special report that is now available to download free… More

    Mobile wallet spending to rise 32% in 2017

    February 2nd, 2017

    The amount of money spent around the world using a mobile wallet will rise by nearly 32% this year to US$1.35tn, Juniper Research predicts. In Europe, the implementation of PSD2 (Payment Services Directive 2) should “spur further competition within the European wallet space, with existing players poised to introduce additional services to complement their payment offerings,” the research firm adds.

    Hungary’s national bank to launch instant payments through mobile phone numbers

    December 21st, 2016

    A proposal from Hungary’s central bank Magyar Nemzeti Bank (MNB) for the launch of an instant payments service that will allow consumers to initiate a payment using only the mobile phone number of the recipient,… More

    Visa warns of ‘serious disruption’ to online payments from EBA proposal

    November 22nd, 2016

    Visa is warning a proposal from the European Banking Authority (EBA) requiring every online transaction over €10 (US$10.61) to have additional authentication steps at checkout will “seriously disrupt online shopping and cause inconvenience for consumers”…. More

    Spanish supermarket chain Bonpreu rolls out mobile payments to 170 stores

    June 23rd, 2015

    Spanish supermarket chain Bonpreu is to roll out a mobile payments service to 170 stores, using a platform developed by Dinube that combines proprietary tokenization algorithms, NFC and biometric fingerprint security. Dinube charges merchants a… More