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By 2020, more than 50% of all UK retail sales could be ecommerce and contactless, growing by more than 2.5 times from 18% currently. At least 30% of these will be mobile assisted. This has significant implications for banks and the roles of payment initiation services (PISP’s) and AISP’s – retailers want alternatives to the [...]

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PAY.ON has published a new white paper that explores the implications surrounding – and the opportunities arising from – the revised Payment Services Directive (PSD2) and the Regulation on Multilateral Interchange Fees (MIF). PSD2 is part of the European Commission’s efforts to strengthen the internal EU market, and has far-reaching implications for card issuers, acquirers, [...]

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MePIN has released a new addition to their universal authentication platform. MePIN now simplifies and secures the lives of banks, payment service providers and their legacy users, by allowing the service providers to distribute simple and cost efficient offline hardware tokens to their non-smartphone users for strong authentication. Technically MePIN supports OCRA (the OATH Challenge-Response Algorithm) [...]

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The aims of the European Commission’s revised Payment Services Directive (PSD2) are clear. It is designed to enhance consumer protection and convenience, improve the security of payment services and promote innovation and competition. While these aims are simple to express, the implications of PSD2 for payments industry participants, both established and new, are wide-ranging and complex. [...]

The post Preparing for PSD2: exploring the business and technology implications appeared first on Payments Cards & Mobile.

The European Parliament has agreed to the European Commission revised Directive on Payment Services or the so called  Payments Services Directive (PSD2). This new law, proposed by the European Commission in July 2013, enhances consumer protection, promotes innovation and improves the security of payment services. PSD2 is the latest in a series of laws recently [...]

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