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After the launch of a national payment system, what next?
Building a national payment system is a huge undertaking. Prior to launch, banks and non-banks have to collaborate on the governance, rules and features of the system. They have to build coverage across open and instant rails. This takes thorough planning, clear communication and strong supporting processes and branding. Launching a national payment system is [...]
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Norwegian banks to combine payment units Vipps, BankAxept, BankID
DNB, banking group Eika, Sparebank 1 Gruppen and other Norwegian banks said on Friday that they agree to combine their various payment units Vipps, BankAxept and BankID Norge to improve product... more
The post Norwegian banks to combine payment units Vipps, BankAxept, BankID appeared first on Payments Cards & Mobile.
Norwegian banks to combine payment units Vipps, BankAxept, BankID
DNB, banking group Eika, Sparebank 1 Gruppen and other Norwegian banks said on Friday that they agree to combine their various payment units Vipps, BankAxept and BankID Norge to improve product offering and prepare for competition against global tech firms. The deal is said to be preliminary, and ownership stakes are still being negotiated. “Through this [...]
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Visa to pilot blockchain based B2B payments
At a major FinTech conference in Singapore, Visa announced that it is going to pilot its blockchain based B2B payments system called B2B Connect in mid-2018. Visa has partnered with several major banks, to simplify the cross-border payment system, making it more transparent. It has brokered global partnerships with US-based Commerce Bank, Shinhan Bank of [...]
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UK’s Open Banking project expanded
The Open Banking Implementation Entity (OBIE), the body set up by the Competition & Markets Authority (CMA) to enable a new, secure way for customers to take control of their financial data and share it with organisations other than their banks, has announced a series of important enhancements to its original scope as set out [...]
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