Beiträge

Could new payments authentication rules scupper European Digital Single Market?

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Peter Bayley, EVP Risk Management at Visa, asked this question on Politico. This is about the plans of the EU Commission to enforce strong user authentication for payments transactions with PSD 2. Its a great read and shows good alternative paths, which do not cause frustration and additional steps for the consumer. While this is sponsored content (and I guess it is sponsored by Visa), I still believe it is very relevant in the discussion.

Bitcoin-Exchange fully licensed in Luxemburg

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bitstampThis is something I knew was coming and now that it is there I am happy about it. I like the concept of alternative currencies but never felt quite comfortable with them being entirely outside the regulation – or beyond anyones control rather. This has filled the gap now. And I believe there is much more to come.

Forbes.com reports about Bitstamp to have obtained the license in Luxembourg which allows it to operate in 28 European countries.

Bitstamp Becomes First Nationally Licensed Bitcoin Exchange

Infographic: FinTech Outlook 2016

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Call Levels has published an interesting outlook for FinTech in 2016 with the intriguing head-line „20 Amazing Facts You Need To Know About FinTech“. Its pretty high level – but very interesting nevertheless. Worth spending these 20 seconds for sure.

Fintech Industry Outlook 2016

@Credits: Call Levels

Russian lawmakers submit Bitcoin banning bill

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A bold move in Russia: Lawmakers want to bann coin currencies domestically. Interesting read in The Paypers.

Click here to read.

EU Parliament informs in a Video about the latest decision on Payments (PSD2)

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eu parlamentI am not the biggest fan of the EU parliaments decision on payments as I believe the effects will be quite different than expected and not make payments cheaper or easier for Consumers – but in fact will lead to a much more clustered market and increasing cost, as more players have the share the market, leaving each of them with the overhead cost for the highly regulated business. Payments, as I see it, is a business of scale. Too much clustering prevents scale and leads to increased cost.

But anyway: The EU parliament has decided and here is a link to the EU parliaments ITV channel, explaining the decision. Interesting in any case.

EU Parliament ITV: Cheaper and safer online payments