American Express announced the introduction of blockchain-enabled, business-to-business cross-border payments. The American Express FX International Payments (FXIP) business is working with Ripple, provider of enterprise global blockchain solutions, to make blockchain payments commercially available, reducing the time and cost of settlement, while maintaining the level of security that American Express customers know and expect. Santander UK is the selected partner to initiate this exciting new transaction channel, which has the potential to expand substantially over time.
The Board of SIMalliance has elected Remy Cricco (OT-Morpho) to serve as the organisation’s Chairman. In his role, he will work alongside fellow Board members representing Gemalto, G+D Mobile Security, ST Incard and VALID, to further SIMalliance’s aim: to advocate the protection of sensitive connected and mobile services to drive the deployment and remote management of such services across multiple industries and use cases, including the Internet of Things (IoT).
ICT Security Certification and Labelling Framework: One Step Further Towards a European Cybersecurity Market
Eurosmart welcomes the adoption of a new European cybersecurity package, which includes a security certification and labelling framework. Given the proliferation of massive cyberattacks, such as Mirai in November 2016, WannaCry in May 2017, and Petya second wave in June 2017, a European Policy is needed in order to strengthen the Digital Agenda in Europe and the European Single Market both for consumers and the industry.
The Governing Council of the European Central Bank (ECB) has decided to develop a new service for the settlement of instant payments. The new service, TARGET instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real time and will be available around the clock, 365 days a year.
EBA CLEARING issued today a white paper on how to ensure a smooth takeoff for euro instant payments across Europe. The paper presents key factors for a successful ramp-up of real-time payments, such as payment certainty and reach, and explains how these can be supported at an infrastructure level.
By Peter Jones, Managing Director at PSE Consulting: It is now almost 18 months since the introduction of the Interchange Fee Regulation (IFR). IFR covered a good deal more than the interchange fee caps and included substantial changes to the business rules for cards acceptance and processing frameworks. So, has implementation been effective and more importantly have there been unintended consequences? Weiterlesen hier bei European Payments Council.
Eurosmart announced the 2016 figures for worldwide secure element shipments and the corresponding 2017 forecasts. The overall growth trend remained unchanged in 2016 and Eurosmart forecasts place the total volume of secure elements to be shipped in 2017 at close to 10 billion.
FIME today announces that it has been approved by PayCert to perform a full spectrum of testing services in line with PURE specification. The latest approval enables terminal, card and cloud-based application vendors to ensure the interoperability, functionality and security of their PURE solutions quickly and efficiently. FIME has already successfully completed the evaluation of the first PURE terminal product and the first Certification Letter has been issued by PayCert.