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European Banks Look to Bypass Visa, Mastercard; Paymentus Links to Altera; Plus Weekly Recap
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Wero Ramps Up As a European Account-to-Account Payments Provider And Heads to the Point of Sale
European banks are beginning to roll out a new digital wallet called wero that initially provides account-to-account payments and is expected to be expanded to retail payments as well. If so, wero could prove to be a competitive threat to Visa Inc. and Mastercard Inc., which dominate European payments, raising …
Read More »Visa Prepares to Launch Account-to-Account Payments in Europe—Starting in the U.K.
Visa Inc. announced early Thursday it will launch account-to-account (A2A) payment capabilities in the United Kingdom in early 2025. The move will allow U.K. consumers paying bills to do so directly from their bank account, as opposed to paying by check, cash, or card. Visa’s plans for the service, called …
Read More »Shift4’s New European Gambit; Stripe Strikes Again; Real Time for Wallets
Shift4 Makes a Card-Present Play in Europe With Its Fabrick Partnership
The major U.S. payments processor Shift4 Payments Inc. said early Monday it will work with Fabrick S.p.a. to offer the Milan-based company’s embedded-finance and payments-orchestration services to merchants in Europe. Terms of the deal were not immediately available. For Fabrick, the deal means the 6-year-old company can rely on Shift4’s …
Read More »Apple Opens NFC Chip in Europe; FundKite Debuts Merchant Services; BNPL Satisfaction High
Apple Agrees to Let Wallet Developers in Europe Access the iPhone’s NFC Chip
Under pressure from the European Commission, Apple Inc. agreed Thursday to open the contactless-payment technology in its iPhone for payments on wallets from outside developers. The agreement follows two years of investigation by the regulator, which has argued the exclusion of rival wallets from using the iPhone’s near-field communication chip …
Read More »Shift4 Marks Another Europe Deal and other Digital Transactions News briefs from 6/21/24
U.S.-based Shift4 Payments Inc. has deepened its penetration of the European market through an agreement to partner with Stockholm-based digital-payments platform OneMoneyWay to offer small merchants in the United Kingdom and Europe a combined business and payments platform. Shift4 recently took a majority stake in Germany’s Vectron Systems, a point-of-sale technology company. Strider, …
Read More »Shift4 Makes a Big Card-Present Play in Europe With a Deal for Germany’s Vectron Systems
Shift4 Payments Inc. confirmed early Monday it has reached an agreement to acquire the German point-of-sale technology company Vectron Systems AG at a price of 10.5 euros, or $11.42, per share. The offer represents a 50% premium to Vectron’s current share price, according to early reports. Information was not immediately …
Read More »Plaid Brings Open-Banking Technology to Western Union in Europe
Open-banking technology provider Plaid Inc. is pairing-up with The Western Union Co. to bring its account-verification services to the wire-transfer giant’s European customers. Under the so-called collaboration San Francisco-based Plaid announced Thursday, Western Union will be able to tap Plaid’s open-banking system for account verification, thereby simplifying remittances and digital …
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