Solving online age verification today
Web merchants that sell age related products or services in the Netherlands (should) have a serious problem, because they can't verify the age of their customers online. But the implementation of age verification systems is being delayed by claims that only government issued eID cards will be good enough, and those won't be here for a few more years. Time to take action now...
> Read moreMaturing PSP landscape: Reaching the state of equilibrium
For over a decade payment service providers (PSPs) played an important role in the online payments landscape. In our definition PSPs are companies that connect merchants via a single interface with multiple (acquirers of) payment methods. This is the first of a series of blog articles by Innopay’s online payment experts. In this first blog, we will explain the drivers of maturity in the PSP market and the rising need for PSPs to reconsider their strategy.
> Read moreStarbucks is getting it right through Square
Square and Starbucks just announced their partnership to ‘revolutionize’ in-store payments at the coffee house locations. The deal will see Starbucks processing all its credit card transactions through an ad-hoc square solution, considerably reducing credit card swiping costs – Starbucks CEO Howard Schulz said.
> Read moreE-identity is unnecessarily complicated. Payments could show the way forward
E-identity and electronic payments are two sided markets. Meaning: they serve two distinct groups of customers. Payments are about payers and payees and e-identity is about respectively users and relying parties. So let’s keep on thinking about these two distinct customers groups of e-identity when we talk about e-identity.
> Read moreInnovations in Supply Chain Finance: Learnings from the EPCA summit in Rome
On the 18th of April I organised an expert session during the 11th EPCA summit in Rome. The conference was held in the Palazzo Altieri, a beautiful place with a rich history in the heart of Rome. The topic of that session was “Supply Chain Finance: unlocking the SME”. Speakers contributing to the program were Liliana Fratini Passi (CBI), Reinier Weerman (Flinqer) and Lars Rolf Jacobsen (Tradeshift). This is what I learned:
> Read moreImagine the future of banking through open innovation…
Product Development in two-sided markets
Normally at Innopay we write blog articles about topics we are specialised in. Topics like e-payments, e-identity, mobile payments, SEPA and e-invoicing. But we rarely talk about what exactly it is that we do in these areas and how we do it.
> Read moreChanging dynamics of financial crime in the digital era
Designing a legally compliant e-invoicing solution
Measures to reduce ‘fraud’ in the internet gaming industry
The more sophisticated the technology used in the internet gaming industry gets, the more advanced the levels of fraud become. From card fraud to identity theft and misrepresentation, providers have had to adapt the way they manage their businesses, their customer identification procedures and their fraud prevention tools. Let’s examine the main challenges the online gaming industry faces when it tackles the issue of fraud.
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