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Will Europe strike back?
Concerned that large American companies like Google and Amazon, and large Asian companies like Alipay, could dominate global commerce and the payments market,
This European payment system would provide another, more local choice for merchants, issuers and other stakeholders, providing leverage against outside companies Balz said are trying to "carve out" a piece of the European payments market.
It's not the first time a European official has called for an alternative payment system to dilute outside influence. In 2018, German Foreign Minister
Smile. Or not.
U.K. fintech Monzo has added emojis to allow people to respond to P2P transfers, presumably if they're happy with the transaction. Or if they feel some other way.
That's the ticket
Google Pay has deepened its integration with Gmail to support easier content sharing between the two services.
The content includes movie tickets, boarding passes, loyalty cards and offers from the email account. These will show up automatically in the Google Pay app, reports
Sharing
Collaboration and information sharing are considered key elements to push advancements such as
Eleven payment groups are forming a new program to boost collaboration, covering more than 10,000 financial institutions and related businesses. Called the Center for Payments, the first members include EPCOR, PaymentsFirst, MACHA, ePayResources, and others that cover all 50 states and U.S. territories.
One of the group's goals is to pool intelligence to reach smaller financial institutions, as well as add heft for lobbying Nacha, the Federal Reserve, The Clearing House and other organizations.
From the Web
Reuters | Tue April 16, 2019 - Shares in Italian payments group Nexi fell 6 percent on their debut on the Milan stock exchange, taking the shine off Europe’s biggest initial public offering so far this year. Nexi shares were trading at 8.44 euros by 1030 GMT, below the 9 euro level at which the offer was priced last week, raising a total of around 2 billion euros.
TechCrunch | Tue April 16, 2019 - Just Eat has decided to add to its “quiver of arrows” by acquiring Practi, a software service that provides independent restaurants and small chains with tablet-based Point of Sale (POS) and restaurant management systems.
TechCrunch | Tue April 16, 2019 - KZen is about to release ZenGo, a mobile app to manage your cryptocurrencies securely and more easily. There are already countless crypto wallets out there, but the startup thinks they’re all either too complicated or too insecure.
More from PaymentsSource
Facebook has informed users of its P2P Messenger money transfer option in the U.K. and France that the service will no longer be available as of June 15.
By Mastercard’s own reckoning, the point-of-sale financing space is a $1.8 trillion market in the U.S. alone, making its Vyze acquisition a natural way to pursue an opportunity that’s being gobbled up by fintechs and card alternatives.
Two months after Mastercard lawyers urged an English appeals court to follow the lead of antitrust judges that had tossed out a multi-billion pound class action lawsuit from U.K. consumers over credit card charges, that appeals court has ruled against the credit card giant.
An embarrassing but persistent form of fraud to which many companies fall victim is business email compromise (BEC). Any company that initiates or settles payments via wire transfer or ACH is susceptible to BEC.
