Latest news with #paymentservices
Finextra
27-05-2025
- Business
- Finextra
JCB expands in-store card acceptance with PayXpert
JCB and PayXpert, a pioneering omnichannel payment services provider based in Europe and in the UK, today announced a strategic partnership to enhance JCB's card acceptance across European1 and UK markets. 0 The collaboration promises a smoother payment experience for both merchants in the regions and international JCB Cardmembers. Through this collaboration, JCB's 169 million cardmembers will enjoy greater convenience and accessibility across a wide range of businesses throughout Europe and in the UK. PayXpert's varied merchant network is covering diverse sectors such as retail, hospitality, tourism, and transport. This partnership ensures broader JCB Card acceptance, making it easier than ever for JCB Cardmembers to use their preferred payment method while traveling and spending in Europe and in the UK. By joining JCB's merchant community of 56 million worldwide, PayXpert is ideally positioned to facilitate JCB Card acceptance in Europe and in the UK and support the growth of its merchant partners. This partnership will also enable PayXpert's merchants to tap into the growing number of JCB Cardmembers, mainly from Asia, who frequently travel and shop across Europe. This way, merchants will be able to cater for the needs of international travellers and offer a more seamless and tailored in-store payment experience, encouraging repeat business and fostering loyalty. The collaboration will also facilitate cross-border payments, further enhancing convenience for both merchants and cardmembers. Moreover, JCB Card acceptance on POS terminals is enabled at no additional setup cost, empowering merchants to tap into new revenue opportunities effortlessly. 'We are delighted to announce our new collaboration with PayXpert to further expand JCB's presence in the European and UK market,' said Ray Shinzawa, Managing Director, JCB International (Europe) Ltd. 'This partnership aligns with our goals of providing JCB Cardmembers with a fast and secure payment experience, whenever they need it. By leveraging PayXpert's extensive network and expertise, we will further increase our JCB Card acceptance, providing unparalleled convenience for our cardmembers travelling throughout Europe.' Nicolas Riegert, Co-founder & CEO, PayXpert added, 'We are thrilled to welcome JCB to our network and offer our merchants access to a wider customer base. This partnership showcases our commitment to providing seamless and flexible payment solutions that meet the evolving needs of our clients. Inclusivity is at the core of PayXpert's DNA, and by accepting international payment methods like JCB, we enable more global shoppers to enjoy a payment experience tailored to their preferences and habits. By welcoming JCB Cardmembers, our merchants can attract new customers, increase sales, and enhance their overall customer experience.'
Yahoo
23-05-2025
- Business
- Yahoo
2025 iDEAL Competitor Profile: Revenue Model, Performance Highlights, Key Events and Milestones
Discover iDEAL's journey as a leader in Dutch payment services since 2005. Acquired by the European Payments Initiative in Oct 2023, iDEAL expands across Europe with offerings like ecommerce, P2P, and BNPL. Supported by major banks, it facilitates transactions in over 60 markets worldwide. Explore insights into its business model, products, and competitive edge. Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Competitor Profile: iDEAL 2025" company profile has been added to offering. The report offers detailed information and insights into iDEAL, including an in-depth look at its business operations, products and services, and a comparative assessment with key alternative payment solutions. It also covers iDEAL's revenue model, performance highlights, and outlines important events and milestones in the company's market leader in Dutch third-party payment services-was established by payment systems provider Currence in 2005. iDEAL offers online payments for Dutch domestic and international shoppers, enabling them to pay for online purchases directly from their bank account. iDEAL also enables consumers to carry out other transactions such as utility bill payments, mobile top-ups, and donations. It generates business by offering five types of transactions: domestic ecommerce payments, cross-border ecommerce payments, peer-to-peer (P2P) payments, in-store payments, and buy now pay later (BNPL) services. Payments via iDEAL are supported by 14 issuing banks and financial institutions: ABN AMRO, ASN Bank, bunq, ING, Knab, Nationale-Nederlanden, N26, Rabobank, RegioBank, Revolut, SNS Bank, Triodos Bank, Van Lanschot, and Yoursafe. In addition to issuing banks, the solution is supported by 18 acquiring banks and 63 payment institutions, known as collecting payment service providers (CPSPs). CPSPs act as intermediaries between acquirers and merchants. Of the 63 CPSPs, 37 are international service providers; they allow Dutch consumers to pay for online purchases from foreign online merchants in more than 60 markets globally. In October 2023, the European Payments Initiative (EPI) (an organization featuring several of Europe's key banks and financial institutions) acquired iDEAL and Luxembourg-based payment solutions provider Payconiq International as part of its efforts to develop a unified Europe-wide instant payment infrastructure. This will help iDEAL expand its reach across the region. Key Highlights In October 2005, iDEAL was founded In December 2016, iDEAL launched payment service enabling money transfers between individuals. In May 2020, iDEAL launched iDEAL Scheduling in collaboration with payment solutions provider Online Payment Platform, allowing users to schedule payments for future dates. In April 2024, iDEAL introduced buy now pay later payment solution iDEAL in3 in collaboration with fintech services provider Eindhoven. This service enables users to pay for purchases across three equal installments. In March 2025, By March 31, 2025, merchants in the Netherlands had to remove the bank selection list from their checkout pages and replace it with a single iDEAL button. This button redirects customers to the new iDEAL Payment Page, where they can choose their bank or scan an iDEAL QR code to complete the payment directly in their banking app. Reasons to Buy Gain insights into iDEAL's business operations and key events. Gain insights into its product portfolio and revenue model. Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors. Key Topics Covered: 1. Overview2. Benchmarking3. Performance Highlights4. Revenue Model5. Products and Services6. Significant Events7. Ecommerce Market Share in Sweden8. Partner Banks9. Partner Payment Services Providers10. Partner Merchants11. AppendixFor more information about this company profile visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
15-05-2025
- Business
- Finextra
ECB sets back deadline for non-bank PSP access to Target
The European Central bank has postponed a deadline for allowing non-bank payment service providers (PSPs) to access central bank-operated payment systems, including the Target settlement system. 3 The ECB says the six-month postponement is due to delays in some EU areas countries in transposing the necessary legislative changes into law. Initially set for introdcution in April, the new Eurosystem policy follows the enactment of the Instant Payments Regulation, which amended the Settlement Finality Directive to broaden the scope of participation in designated payment systems to include non-bank PSPs. The broader access criteria for Target was aimed at enhancing the efficiency of the European retail payments market, fostering competition and innovation in the European payments landscape, and supporting the uptake of instant payments in the European Union. "The amendment to the Target now expected to enter into force in October 2025," states the ECB. "The Eurosystem considers this postponement necessary to avoid legal risks concerning the eligibility of non-bank PSPs to access Target, including T2 (for settling payments) and TIPS (for settling instant retail payments)."
