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May 9, 2023

The Future of the European Payments Initiative: Money or Monnet?

In July 2020, a group of 31 banks and two large processors (Worldline and Nexi) proudly announced the European Payments Initiative (EPI). Their ambitious goal was to develop a European card scheme to challenge the supremacy of Mastercard and Visa in retail payments. The announcement received broad political support from the European Commission and the European Central Bank, who hoped that this...

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Ron van Wezel

July 27, 2022

How Acquirers Are Assessing Merchant Risk

Merchant acquirers and payment processors often toil behind the scenes, invisible to individuals purchasing goods and services from an ever-increasing number of in-store and online merchants. But these acquirers and processors (collectively referred to as acquirers here) are facing unprecedented risks across a number of fronts. Aite-Novarica recently interviewed 20 acquirers across North...

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Ron van Wezel

February 27, 2017

Regulatory Technical Standards Published: What Is New?

On February 23, 2017, the European Banking Authority (EBA) published its final report on the draft regulatory technical standards (RTS) on strong customer authentication (SCA) and common and secure communication. The EBA was tasked to develop the RTS under Article 98 of EU Directive 2015/2366 (PSD2). This final report was awaited with anxiety by the market. The consultation document published...

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Ron van Wezel

February 21, 2017

FinovateEurope 2017: Welcome to the Machine

This year’s "FinovateEurope" took place in London on February 7 and 8, 2017, attracting more than 1,500 visitors. Following the tested concept, fintech companies had the opportunity to present their ideas to the audience in a seven-minute pitch. Despite—or perhaps thanks to—the limited time available, most presentations came out crisp and clear. Less is more. Who was expecting young geeks...

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Ron van Wezel

June 27, 2016

MoneyConf 2016: Banking Goes Digital

After its debut in Belfast last year, MoneyConf 2016 was held in Madrid. The venue was La Nave, a brand new conference hall a 30-minute drive from the city center. At least the attendees were not distracted during the day by the great capital of Spain’s seductions. MoneyConf is an invite-only event “focused on the future of finance.” One of its goals is to bring together startups and...

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Ron van Wezel