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EPI launches wero wallet in Germany

/payments

EPI launches wero wallet in Germany

The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months.

Computop calls on retailers to join EPI pilot trials

/payments

Computop calls on retailers to join EPI pilot trials

EU payment gateway Computop is calling on merchants to join pilot trials of the bank-backed European Payments Initiative's wero wallet scheme.

Mexican fintech Clip raises $100m

/payments

Mexican fintech Clip raises $100m

Mexican payments and commerce firm Clip has raised $100 million in a financing round joined by funds managed by Morgan Stanley Tactical Value and an unnamed fund manager.

Michael Kors rolls out Mastercard GenAI-powered shopping assistant

/ai

Michael Kors rolls out Mastercard GenAI-powered shopping assistant

Michael Kors has become the first retailer to integrate Mastercard's generative AI assistant, Shopping Muse, into its US website.

Mastercard targets 100% e-commerce tokenisation in Europe

/payments

Mastercard targets 100% e-commerce tokenisation in Europe

Mastercard has set itself a target of hitting 100% e-commerce tokenisation in Europe by 2030, phasing out manual card entry and making online shopping safer and more accessible.

Capital One, Stripe and Adyen form fraud fighting partnership

/security

Capital One, Stripe and Adyen form fraud fighting partnership

Capital One, Stripe and Adyen have banded together on a free, open source product designed to help reduce fraud losses and false declines for merchants.

Google Pay lets customers ditch CVVs for biometrics

/payments

Google Pay lets customers ditch CVVs for biometrics

Google Pay has received a revamp to make it easier for shoppers to see card benefits, use BNPL on more sites, and ditch CVV codes in favour of biometrics at checkout.

Splitit enables banks to offer in-checkout instalment payments

/payments

Splitit enables banks to offer in-checkout instalment payments

Card-linked instalment payments platform Splitit has launched FI-PayLater for banks and card issuers.

Klarna sells virtual shopping business Hero

/payments

Klarna sells virtual shopping business Hero

Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.

TokenEx and Ixopay to merge

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

Lloyds warns against fraudsters on Booking.com and Airbnb

/crime

Lloyds warns against fraudsters on Booking.com and Airbnb

With summer holidays on the horizon, Lloyds Bank is cautioning customers against scams as they book their vacations.

Embedded Finance market to be worth $22bn by 2028

/predictions

Embedded Finance market to be worth $22bn by 2028

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.

Worldpay partners Mastercard to fight payment fraud

/security

Worldpay partners Mastercard to fight payment fraud

Worldpay is set to offer Mastercard’s Ethoca Alerts to its one million merchants worldwide, helping them resolve transaction disputes faster and with fewer chargebacks.

UK set for soaring digital wallet adoption

/payments

UK set for soaring digital wallet adoption

The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay.

MPE 2024: Tokenisation in the ecommerce space

/retail

MPE 2024: Tokenisation in the ecommerce space

In a panel discussing tokenisation, panellists Suzana Kordumova, product manager at Netcetera, Stephan Hackenberg solution sales director at Giesecke+Devrient, Matteo Gamba, head of product - global payments and fraud at Wayfair, and John Noltensmeyer CISO at Tokenex spoke on network tokenisation and what tokenisation can do for merchant payments.

Rabobank and iDeal bid to smooth online payments

/payments

Rabobank and iDeal bid to smooth online payments

Dutch payments firm iDeal has partnered Rabobank to pilot a feature that makes it easier to make purchases at online stores.

JPMorgan plans major roll out of biometric payments

/payments

JPMorgan plans major roll out of biometric payments

JPMorgan Chase is planning a broad roll out of biometric payments with US retailers by early next year, enabling shoppers to make purchases by scanning their palms or faces.

MPE 2024: What does a smart city look like?

/payments

MPE 2024: What does a smart city look like?

In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.

PPRO raises €85 million

/payments

PPRO raises €85 million

E-commerce payments firm PPRO has completed a dual tranche funding round totalling €85 million.

PayPal launches payment suite for SMEs

/payments

PayPal launches payment suite for SMEs

PayPal has launched a complete suite of payment processing tools for online small businesses in the UK, Canada and across more than 20 European markets.

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