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Search Results for: europe

Eye on BNPL: Klarna And Marqeta Expand in Europe, And Afterpay Brings BNPL To Belk

Klarna AB has expanded its relationship in Europe with virtual card issuing platform Marqeta to 13 new markets. Working with Marqeta, Klarna will offer one-time virtual cards to consumers in the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland, and Denmark. The deal is the …

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Why Europe Is Scary

PSD2 won’t solve fraud completely. Here’s why—and what U.S. online merchants should do. In the United States, e-commerce has surged due to the maturity of companies’ digital platforms, innovative payment models, and the ongoing impact of the pandemic. U.S. e-commerce sales are expected to reach $933.3 billion in 2021, representing …

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Fiserv Expands Vending Operations Across Europe in a Deal With Operator Selecta

Fiserv Inc. is rolling out payment-acceptance technology to food-and-beverage vending machines in multiple markets across Europe in a move that supports mobile wallets as well as global and local payment cards. Selecta Group, operator of the machines, says its network supports devices in 16 countries selling snacks, meals, and coffee …

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Eye on Acquiring: EVO Links With KAL for ATMs in Europe, While Square Kicks off in France

Atlanta-based EVO Payments Inc. is working with global ATM technology provider KAL to allow banks and independent ATM deployers to quickly set up ATMs anywhere in Europe. The new service combines Germany-based KAL’s ATM software with EVO’s payments network, the parties said Tuesday. “We have created a highly efficient method …

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Blocked in Its Bid for Plaid, Visa Agrees to Acquire European Open-Banking Player Tink

In a deal that underscores the crucial importance of open banking in payments, Visa Inc. early Thursday said it has agreed to pay $2.15 billion to buy Tink AB, a 9-year-old, Stockholm-based company whose network connects to 3,400 financial institutions throughout Europe. The agreement comes five months after Visa abandoned …

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As Consumers Revisit Stores, J.P. Morgan Teams Up With ACI to Expand in Europe And the U.K.

With consumers becoming more comfortable returning to in-store shopping as Covid-19 vaccinations roll out, J.P. Morgan is partnering with U.S. processor ACI Worldwide Inc. to enable merchants in Europe and the United Kingdom to offer in-store payment acceptance. The deal expands J.P. Morgan’s omnichannel processing presence by giving merchants a …

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European Banks Plan Payment Network and other Digital Transactions News briefs from 7/2/20

A group of 16 European banks said they plan to launch a “truly European” unified payments system by 2022 that would be an alternative to Visa and Mastercard, Reuters reported.The slowdown in in-store shopping due to the Covid-19 pandemic has caused some stores to run out of coins; most recently big-box grocery chain …

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European Commission Report Details Wealth Redistribution From Interchange Regulation

A new European Commission report shows how interchange regulation has lowered merchants’ payment card acceptance costs and taken more than $3 billion a year from card issuers’ top lines. The EC, the executive arm of the Brussels-based European Union, implemented its so-called Interchange Fee Regulation in 2015 and 2016. The …

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Digital Transactions