Whitelisting: an SDD killer?
Although the SEPA end date is postponed a little, EU regulation 260/2012 requires banks to offer both black- and whitelisting functionality to their customers. This might result in an increase of rejected direct debits without this being the real intention of the consumer, significantly undermining the success rate of creditors. Vincent Jansen explains in his blog that whitelisting might kill SDD, although there are ways to solve the problem.› Read more
Payment account access in PSD2: bug fix or BIG FIX
Today, the long anticipated proposal for a revised Payment Services Directive (PSD2) was published by the European Commission. This proposal not only brings mobile phones under regulation as possible payment instruments, but also for the first time, addresses a new concept that has been the centre of debate already for quite some time in the payment world: the regulation of access to the payment account (‘XS2A’). This concept entails a new set of requirements for a previously unregulated class of (payment) services, built on top of traditional banking infrastructure.› Read more
Maturing 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 more
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 more
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.› Read more
5 trends in de 'financial supply chain'
In de dagelijkse praktijk van ons adviesbureau zien wij 5 belangrijke trends in de financieele supply chain: 1. Internet als transactiekanaal gaat nu pas beginnen 2. Groei van e-commerce in B2C , maar ook zeker in B2B, vermenging van online en offline werelden 3. E-invoicing als driver voor e-trade 4. Real-time, cash flow en financiering o.b.v. real time informatie in de ‘cloud’ 5. Europees betalingverkeer via of ondanks SEPA› Read more