EU shows a way forward for Bitcoin entrepreneurs

Submitted by Douwe Lycklama on Sat, 07/05/2014 - 16:35 in

The European Banking Authority’s Opinion on Virtual Currencies (published 4 July 2014) will go down in history as a landmark document for the industry of ‘virtual currencies’ (VC). This is a different message than most media tell who systematically keep on amplifying the fact that ‘banks should avoid virtual currencies’. Let’s look beyond this and elaborate here more on the real messages in this well written report. The key importance of EBA’s message lies in the fact that a short term solution direction on ‘how to deal with virtual currency companies wanting a bank account’ is given to national legislators, who, on their turn, give guidance to EU banks.

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Access to the Account (XS2A): accelerating the API-economy for banks?

Submitted by Mounaim Cortet on Wed, 05/28/2014 - 10:49 in

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Whitelisting: an SDD killer?

Submitted by Vincent Jansen on Wed, 04/02/2014 - 12:41 in

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.

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PSD2: Three imperatives to realize Access to the payment account (XS2A)

Submitted by Shikko Nijland on Sat, 09/21/2013 - 08:21 in

PSD2 blog about three strategic imperatives for the payment sector to realize Access to the Account (XS2A)

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Payment account access in PSD2: bug fix or BIG FIX

Submitted by Jip de Lange on Thu, 07/25/2013 - 11:03 in

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.

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Maturing PSP landscape: Reaching the state of equilibrium

Submitted by Shikko Nijland on Fri, 11/16/2012 - 09:26 in

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.

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Imagine the future of banking through open innovation…

Submitted by Anonymous on Wed, 02/08/2012 - 18:43 in

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Product Development in two-sided markets

Submitted by Jaap Jan Nienhuis on Mon, 01/23/2012 - 20:16 in

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.

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Changing dynamics of financial crime in the digital era

Submitted by Anonymous on Mon, 01/02/2012 - 20:31 in

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Measures to reduce ‘fraud’ in the internet gaming industry

Submitted by Anonymous on Tue, 12/06/2011 - 17:14 in

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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