The information you need to start your day, from PaymentsSource and around the Web:
EU cybersecurity
The
One measure is an EU-wide cybersecurity scheme that includes standards for computing devices sold in the EU.
"In the digital environment, people as well as companies need to feel secure. It is the only way for them to take full advantage of Europe's digital economy," said Andrus Ansip, vice president in charge of the Digital Single Market, in a release.
Passing the test
The Copenhagen Business School will roll out finger vein payments across the entire campus, following a successful
A collaboration between Nets and Sthaler, the technology processed more than 12,000 transactions in a school restaurant and coffee shop, or one in ten of all transactions at those locations, reports
Google subscribes
Google Pay has expanded its reach into the popular
Vincidia's CashBox is a subscription billing and recurring payment platform designed to support payments through the web or mobile with minimal navigation or data entry.
Consumers who have stored credit or debit card information with Google Pay will be able to use auto-fill at checkout and have those credentials available for later recurring payments.
Spend controls
Barclays Bank is enabling customers to block payments to certain types of retailers, such as gambling services, bars and specific phone lines.
The bank worked with the Money Advice Trust, the Money and Mental Health Policy Institute, and other advisors on the project.
The
From the Web
Forbes | Tue December 11, 2018 - INGO Money offers immediate payment on checks for a fee —$5 for checks of $100 or less and 5% on checks of more than $100, but if it is a pre-printed payroll or government check the fee is $5 for $250 or less and 2% for more than $250. It refers to its business as a payment gateway.
South China Morning Post | Wed December 12, 2018 - Hongkongers will for the first time be able to use their mobile phones to make payments in mainland China without having to hold a bank account there, thanks to a new feature of Bank of China Hong Kong’s e-wallet app. From Wednesday the lender will allow users to add value to their BOC Pay app using funds from any Hong Kong bank account.
Reuters | Wed December 12, 2018 - The United Arab Emirates and Saudi Arabia have started using fintech for cross-border settlements, including a digital currency which they jointly developed for that purpose, the UAE’s central bank governor said on Wednesday.
More from PaymentsSource
Credit and debit cards often overshadow prepaid gift cards, but the tables get turned during holidays, particularly as people get gift cards for themselves.
Germany-based Wirecard is working with Google to enable users of Wirecard’s boon mobile app to pay at any French merchant that accepts Google Pay as it becomes available in France.
Vipps International, a Norway-based payments service operated by a coalition of more than 100 Norwegian banks, is the latest to collaborate with China’s Alipay mobile wallet in a partnership to capture more payments from Chinese tourists.
There are barriers to overcome before we will see widespread adoption as a payment option, yet the path is viable, says Jared McClure, co-founder and COO of CrayPay.
