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UK regulator offers 18-month delay for Strong Customer Authentication rules

/regulation

UK regulator offers 18-month delay for Strong Customer Authentication rules

The UK's Financial Conduct Authority (FCA) has confirmed an 18-month delay to the introduction of Secure Customer Authentication (SCA) rules for e-commerce transactions.

/E-commerce

Aadhaar Enabled Payments System crosses 200 million transactions in July 2019

National Payments Corporation of India (NPCI) announced the transactions of Aadhaar Enabled Payment System (AePS) for the month of July 2019 have crossed the milestone number of 200 million.

Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

/regulation

Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

The Indonesian Financial Services Authority, known as OJK, has shuttered a staggering 826 fintech startups operating without a license in this year alone, despite the increased appetite for the industry in the Southeast Asian nation.

/retail

Mastercard, goop and Next Retail Concepts upgrade online shopping in Canada

For the first time, goop will extend the unique brand experience of the physical goop MRKT Toronto pop-up to digital shoppers in the Canadian market. Powered by Mastercard and Next Retail Concepts and guided by goop, the innovative digital environment will allow shoppers to browse and buy just as if they were in the physical store.

/payments

PayPal introduces invoicing API for e-commerce marketplaces

Small businesses face a range of challenges. From cash flow management, to finding the best marketplaces to reach new customers, to keeping loyal customers happy, small business owners need solutions that makes wearing many hats simpler.

Payments lobby calls for 18-month delay to consumer authentication rules

/security

Payments lobby calls for 18-month delay to consumer authentication rules

EPSM, a European trade association representing the interests of payment service providers for merchants, has called for a minimum 18-month delay to the introduction of Strong Consumer Authentication rules, in order to avoid significant disruption to online business interests.

/payments

Bill.com adds currencies and countries

Today, Bill.com, a leader in financial process automation, increased International Payments support to more than 70 countries and 50 currencies worldwide.

/security

Online payments consumers prioritise security over speed - Equifax

British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and business insights expert

/E-commerce

UK fintechs partner for card processing plan

Fintech finance specialist, Capital on Tap, has partnered with accounting software providers Receipt Bank to offer its customers the new Receipt Bank Card.

/E-commerce

InstaReM releases API for card issuers

InstaReM, Southeast Asia’s leading digital cross-border money transfer and payments company, has announced the launch of its API-based digital platform that will enable start-ups, fintech companies and enterprises to launch their own branded cards.

/E-commerce

PagBrasil promises payment confirmation in a flash

Aiming to provide a better answer for the fast-paced e-commerce environment, PagBrasil, a leading fintech company providing payment processing services for e-commerce businesses worldwide, now provides its clients with payment confirmation in less than one hour for boleto payments.

/payments

Klarna and BigCommerce expand partnership globally

Today, Klarna, a leading global payments provider and licensed bank, and BigCommerce, a leading SaaS ecommerce platform for fast-growing and established brands, announced the expansion of their current partnership in the US, initiated in 2016, to also include Klarna’s European core markets.

/payments

ConnexPay scores $7 million Series A

ConnexPay, a payment provider changing the way travel intermediaries do business, announced today that it has raised a Series A funding round of $7 million led by BIP Capital, one of the Southeast's most active venture investors.

Visa rolls out payment instalment APIs

/devops

Visa rolls out payment instalment APIs

Visa has introduced a suite of APIs to help financial institutions and retailers offer their customers the option to pay off instore and online purchases in instalments.

Consumers torn between security and convenience at online checkout

/E-commerce

Consumers torn between security and convenience at online checkout

With tough new laws for Strong Customer Authentication set to come into force across Europe, a survey of 4000 online shoppers in four core markets finds that up to a half have been forced to abandon purchases because of lengthy or complex security.

/E-commerce

UOB signs MoU with online fashion marketplace Zilingo

United Overseas Bank Limited (UOB) and Zilingo, a fashion and lifestyle e-commerce platform, today announced that they have signed a Memorandum of Understanding (MOU) to support the growth of ASEAN’s fashion industry.

Visa buys Rambus tokenisation assets

/security

Visa buys Rambus tokenisation assets

Visa is beefing up its security credentials by buying the token services and ticketing business of chip maker Rambus. Financial terms of the deal were not disclosed.

/E-commerce

Yandex.Checkout launches online payments via WeChat Pay in Russia

Yandex.Checkout introduces online payments via WeChat Pay to online stores and other online services in Russia. WeChat Pay is a payment service operating as digital wallet based on the popular Chinese messenger WeChat.

/startups

Nordea invests in e-commerce startup Mondido

Nordea adds yet another fintech company to its portfolio of partners when investing in the e-commerce solution Mondido. A step that will strengthen our Nordea Connect e-commerce offer.

EBA offers wiggle room on deadline for PSD2 authentication rules

/regulation

EBA offers wiggle room on deadline for PSD2 authentication rules

Under industry pressure, the European Banking Authority has paved the way for some firms, on an "exceptional basis", to get an extension of the September deadline for new Strong Consumer Authentication (SCA) rules for e-commerce transactions.

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