Friday, June 30, 2006

BCG report suggests regulators to hold their horses on their 2010 ambition to phase out national products in Europe

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See this press-release on BCG's 8th report: Global Payments 2006. In which specifically the EU-comments are quite sensible: The report ...

ABN AMRO and Rabobank concentrate cash processing activities

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See this press release to find out that: - Rabobank Nederland and ABN AMRO will launch a joint cash processing company named Gavea on 1 Octo...

Google launches Checkout-service

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After a lot of speculation Google has now launched Google check-out which aims to make repetitive payments via credit-card easier. Essential...

Commission takes on Mastercard interchange fees

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See this press release to find out that the European Commission confirms that it has sent a supplementary Statement of Objections (SO) to M...
Thursday, June 15, 2006

Small terminal supplier points to outdated retailer dogma's that PIN (POS) is expensive

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Yesterday, Mr Mogendorff of Pinlinq, stirred the Dutch retail payment industry with an article in the Financieele Dagblad on POS-payments. H...
Wednesday, June 14, 2006

Remittances via money transfer agencies more expensive than via the bank

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Here in the Netherlands, the press are so keen on blaming banks for not competing and not giving the best deal to their customers, that we f...
Tuesday, June 13, 2006

SEPA compliancy for cards

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In the SEPA discussion, there is one concept which is quite confusing: sepa compliancy for cards. Looking at the sepa cards framework , one ...

Pilot with NFC payments in Amsterdam

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Lanmagazine reports that JCB has set up, together with CCV van der Velden, a trial to facilitate payments using the Near Field Communicatio...

Google to hit the scene with payment functionality

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Automatiserings Gids reports that Google will introduce its payment function on June 28, with a fee of approximately 1,5 - 2 percent (just...
Monday, June 12, 2006

Phishers build brick ING office to phish

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ING has confirmed after an article in the Telegraaf that phishers have set up a fake website as well as a fake office of ING. Customers were...
Friday, June 09, 2006

Payment & Settlement news nr 39

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is now available here .
Saturday, June 03, 2006

UK Chip and PIN already obsolete?

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A Midcounties CO-OP experimented with a so-called Pay By Touch product, allowing payment with the use of a finger, rather than card (see lin...
Monday, May 22, 2006

Paypal Netherlands has started....!

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Today marks the entrance of Paypal in the Dutch market. It has gone through the EU-notification procedure so that its UK e-money passport i...

EU: Consultation on future Internal Market policy

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The EU consultation on internal market strategy has started some time ago and will end on June 15.

Fees review in Australia: consumers do not wish to see transaction prices....

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Payment News had these two nice pointers to fee studies. One is from the Reserve Bank of Australia , the other from the Australian Bankers ...
Sunday, May 21, 2006

SEPA time: Germans do interconnection pilot....

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While the Belgians simply eliminate their local scheme in order to gain EU-wide acceptance by choosing Maestro, the Germans choose to pilot ...
Saturday, May 20, 2006

Belgium chooses for Maestro to replace local brand

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Belgian newspaper Standaard informs us that Febelfin, the Belgian Finance Federation, and Banksys, operator of the entire Belgian debit car...

Japan's Seven-Eleven operator to launch e-money service and multi-accepting terminals

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Taken from this google alert : Seven & I Holdings Co. (3382.TO) said Friday that it will set up e-money reader terminals at its group st...

ABN AMRO will issue securer debit cards as of June 2006

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ABN AMRO announced yesterday that it will start equipping (as the first bank in the Netherlands) its bank debit cards with an EMV chip. Ear...
Friday, May 19, 2006

Another innovation on the basis of iDEAL: Paydutch...

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Planet Multimedia reports that PayDutch will introduce a light-weight escrow service for securing Internet payments. The system is based o...
Friday, May 12, 2006

Dutch slow in migration to EMV, according to terminal supplier CCV

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Today one of the most important terminal suppliers and processors in the Netherlands, CCV, briefed the public ( see nu.nl ) that the Netherl...
Thursday, May 11, 2006

First mobile chip terminal approved in Danmark

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See the press release from PBS : Elite 8200 GPRS, which is the name of the approved mobile chip terminal, is sold by LD Betalingssystemer A/...