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European Payments Council

Welcome to the News View for "European Payments Council".

Here, on these archive pages, you'll find all of the articles on Payments News for European Payments Council listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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September 09, 2013

Headline News from PaymentsNews.com - September 9, 2013

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

April 17, 2013

Visa Europe Enhances Personal Payments Service

Visa logo 60pxhVisa Europe has announced two additions to its Visa Personal Payments mobile service that will enable consumers to make instant transactions from their mobile phone to any Visa cardholder in Europe, in any European currency.

The Multi-Currency feature, to be available by the end of 2013, allows payments to be sent and received across borders, bringing international money transfers to mobile devices. Immediate Payments, launching in the UK this week with other markets to follow later in the year, makes it possible for consumers to receive money sent via Visa Personal Payments in a matter of minutes.

Sandra Alzetta, Senior Vice President, Visa Europe, said:

"Mobile payments have the potential to fundamentally change the way that people pay and are paid. The new Multi-Currency and Immediate Payments features combine the convenience of mobile device use with the ability to send money to 460 million Visa cardholders across Europe, solving a problem that millions of consumers face every day – giving money to another individual easily and securely."

Visa Personal Payments is a person-to-person payments service that enables anyone with a Visa credit, debit or reloadable prepaid card to accept payments from another Visa card without needing to share any account details.

April 09, 2013

MasterCard Faces EU Antitrust Probe Into Payment-Card Fees

MasterCard logo 140pxMedia outlets are reporting that MasterCard is the focus of a European Commission antitrust probe into how the company sets cross-border interchange on foreign purchases in the European Economic Area. For more information, see related stories from The Wall Street Journal, Bloomberg, and The New York Times.

February 05, 2013

January 31, 2013

Ingenico To Acquire Ogone for $484 Million

Ingenico logo 140x60pxIngenico announced it has reached an agreement with Summit Partners to acquire Ogone, a leading pan-European online payment services provider for US$484 million.

Based in Brussels, Ogone has developed, over the past ten years, a recognized expertise in making online payment services less complex, more efficient and secured for merchants. Thanks to its scalable, in-house and robust platform and its experienced management team, Ogone has built a prime, truly international client base with over 42,000 merchants, highly diversified in terms of sizes, segments or distribution channels. In 2012, with more than 280 employees, Ogone reached €42 million of revenue, with an EBITDA margin of around 30%.

December 19, 2012

December 13, 2012

December 10, 2012

MasterCard launches rePower in Europe with CQR Payment Group

MasterCard logo 140pxMasterCard announced that its rePower service that transforms cash into electronic money on a prepaid account was recently launched in Europe. The cash reload service which is provided by CQR Payment Group is now available in the UK with other European markets to follow in coming months.

“By enabling cash electronification to take place at a far wider range of merchants or online, MasterCard is creating a series of environments where prepaid can be disruptive to the normal flow of cash in our society and where those people bound to cash can take advantage of the security, convenience and control offered by prepaid," said Matt Lanford Head of Prepaid at MasterCard Europe .

December 03, 2012

EVO Payments International To Acquire Deutsche Card Services

Evo logo 140x60px EVO Payments International announced that it will acquire 100% of Deutsche Card Services, the merchant services arm of Deutsche Bank, with operates in 39 European markets

“Our goal for EVO Payments International is to continue its path in becoming a truly global leader in the payment transaction sector and financial services industry,” added Ray Sidhom, Chairman of EVO Payments International. “This transaction represents the next step in having our company achieve this mission, and through supporting the Deutsche Bank relationship, we are confident in our ability to rapidly expand our market share.”

October 01, 2012

ECB Report Examines The Costs Of Making Payments In The EU

European central bank 140x60px A new report released by the European Central Bank (ECB) analyses the social and private costs of making retail payments in 13 European countries and discovers that they are substantial, amounting to around €45 billion, or almost 1% of their combined GDP. If extrapolated to cover the 27 Member States of the European Union (EU), these costs would be around €130 billion.

“This study is a true joint venture of the ECB and the national central banks involved,” said Benoît Cœuré, Member of the ECB’s Executive Board. “Its results underline how much retail payment services matter for European society and in the economy as a whole. The study will shed light on the debate about how the European market for payment services will look in the future and how overall cost efficiency can be improved even further.”

The study finds that cash payments account for nearly half of the total costs. As the most commonly used payment instrument, cash has, on average, the lowest social costs per transaction, at €0,42, closely followed by debit cards with costs of €0,70 to society.

July 17, 2012

November 07, 2011

November 01, 2011

September 27, 2011

September 26, 2011

European Commission Opens Investigation of E-Payments Market

European commission logo 140x60psThe European Commission has announced that it has opened an antitrust investigation into the standardization process for payments over the internet ('e-payments') undertaken by the European Payments Council (EPC).

The Commission will undertake a careful examination of the standardization process to ensure that competition is not unduly restricted, for example through the exclusion of new entrants and payment providers who are not controlled by a bank.
The EPC is the coordination and decision-making body of the European banking industry for payments.

March 31, 2011

Mobile Money Exchange - Global Deployment Tracker

Mobile money exchange logo 140pxThe Mobile Money Exchange has a great visual tool that nicely illustrates the proliferation of mobile money deployments around the world.

This tool was originally developed by the GSMA Mobile Money for the Unbanked team (covering the countries under their remit) and has been extended to include all worldwide mobile money deployments.
The global deployment tracker requires the Google Earth browser plug-in; its worth getting it if you don't already have it.

February 17, 2011

February 01, 2011

EPC Newsletter Issue 9 - January 2011

EpcThe January 2011 EPC Newsletter, from the European Payments Council, features a number of articles on Single Euro Payments Area (SEPA) migration. Articles include a preliminary assessment of the "proposal for a Regulation establishing technical requirements for credit transfers and direct debits in euros" and a best-in-class case study of SEPA migration in the Netherlands.

July 06, 2010

European Payments Council (EPC) White Paper: Mobile Payments

epc.pngThe European Payments Council (EPC) has published a white paper on Mobile Payments:

The EPC White Paper on Mobile Payments offers an informative read to any party interested in mobile payments, and aims to foster a common understanding between payment service providers and bank customers by using non-technical language. The document predominantly focuses on mobile contactless card payments, where the mobile device needs to be in close proximity to a point-of-sale terminal, while also addressing some aspects of mobile remote payments, where two parties are able to send and receive funds irrespective of where they are located.

The white paper is available for download from here.

March 17, 2010

European Payments Council Annual Report 2009

The European Payments Council (EPC), the coordination and decision-making body of the European payments industry, has published its EPC Annual Report 2009. "The EPC delivers the payment schemes and frameworks necessary to create the Single Euro Payments Area (SEPA). SEPA is an EU integration initiative in the area of payments designed to realise the completion of the EU internal market and monetary union. SEPA is currently defined as consisting of the EU 27 Member States plus Iceland, Norway, Liechtenstein, Switzerland and Monaco. The EPC Annual Report 2009 highlights further substantial progress achieved in the following areas covered by the EPC work programme." READ MORE »

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