David Van Damme 🇺🇦

Sad Math gets sadder! #Interchange will be dropping at Adyen merchants. They just announced they have built out intelligent routing for debit cards. This is the same capability the large merchants (Walmart, Target, etc.) have had for quite a while for card-present transactions. This will now enable smaller merchants and, more importantly, card-not-present transactions to be routed more across the legacy PIN networks. This is a result of the clarification of Durbin, which, as of July 2023, now requires secondary networks for card-not-present Transactions. So What? Issuers will likely see 💳 Lower interchange (Likely Half) 💳 Higher Fraud (Likely Double) 💳 Impact on Brand Agreement Incentives Brandi Gregory Lindsay Hooks Jessica Pinkston Kevin Von Holten

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Great discussion on #payments and #valuepropositions to customers and merchants with Patricia Battenberg from Worldline, Martina Weimert from EPI Company, Robert Bueninck from Unzer and me at Handelsblatt #Banking summit in Frankfurt. #hbbanken Moderation by Elisabeth Atzler #digitaleuro / #CBDC, #wero, and the other 11 interoperable EMPSA national payment methods need to collaborate and become interoperable in order to be able to compete and win against intl. payment methods. If tried alone / against the other european payment initiatives, there is a significant likelihood that we will never see a sovereign pan-european digital retail payment method.

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What a way to finish April with in person Adyen Sales Basics AWOS and Storyteling sessions that we started way back after the Covid lockdowns for all New Starters sales. Massive thanks to every single Adyener that has been through the Storytelling sessions over the last 3 years no matter what part of the business that you are involved in. You all, were always all in and brought the energy to ignite each session. Each and everyone of you are Top Guns and thank you for indulging my obsession with all things Tom Cruise & Mission Impossible. I’ve loved every second of it and look forward to seeing how the Sales Academy evoles while still playing my part in it. Huge thanks to phenomenal Sales academy team in Eva Wubbe Anne Meyst Elisa Cristiano Alyssa Arnold and the legend that is Matthew Francis in always trusting me to delivery everytime, the way we have iterated and iterated to keep Story telling fresh for all of us have been amazing. It’s no one individual it’s the Team that makes the Adyen Sales Academy great including all of the guest Sales Managers that also play their part. The greatest compliment you can ever receive from another person is that you made a positive impact in their life. However like anything in life, it’s great learning but it’s putting it into practice that really counts. We give our amazing Adyeners the tools to put in their Sales Toolbox but self-discipline is the ability to do what you should do, when you should do it whether you feel like it or not because you become what you think about most of the time. Go and do today something that you thought was impossible. Go and today be the best version of yourself as you never know who you just might be inspiring. Taylor Zant this ones for you - “You've got to listen to the voice in your gut. It is individual. It is unique. It is yours. It's called being authentic”. — Meredith Vieira #Leadingthecharge #Keepturningup #HigherFurtherFaster #Lightthefuse

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A round table discussion to exchange views on the upcoming changes in payments and explore how the present and future payment world can be aligned. Feel free to join.

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Here is the latest podcast 🎙️I did for Open Banking Expo. I am sharing some interesting insights 💡from the industry. And also what are the challenges and how Contiant 🚀 is solving it.

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Anyone working in #payments around the world knows that payments are local. There are differences between countries but are there regional variations within countries? In #Ireland according to the Banking & Payments Federation Ireland Payments Monitor there is a marked difference in use of digital wallets with people in #Dublin paying with them 4 times more than people in Roscommon (about 150km to the west). While on our family vacation in North West #Spain a few weeks back these were the payment notes. Regional Acquirers - This was the first time I was aware of the role they play with ABANCA (A banca in Galégo/Galician means the bank) observed in about half the merchant locations we visited. Abanca have naming rights on Riazor the stadium of Deportivo La Coruña which will host matches in World Cup 2030. National acquirers BBVA, Banco Sabadell (who paused the sale of their acquiring business to Nexi Group after BBVA's hostile takeover bid), Comercia Global Payments were present and a Getnet (part of Santander) all red terminal stood out. Getnet highlights payment installments/#BNPL via #Plazox with eligible customers able to spread purchases over 3,6,9 or 12 installments. Bring some cash - There was only one tourism business I saw that was 'Solo efectivo' - cash only, while some smaller churches only accept cash donations. Some public transport including buses in Santiago and A Coruña don't accept cards, although A Coruña has a closed loop card similar to Leap or Oyster and apparently it can be topped up at Abanca ATMs. One option that seemed ripe for cashless transactions was a little shop of multiple vending machines, Apunto 24, however it looked like all the machines had the card reader removed and it was cash only. One opportunity perhaps for Irish #fintechs JustTip and Strikepay is the hospitality space as we didn't have the option to leave a propina (tip) by card in any venue. Banco de España in a survey on cash usage last year found that 65% of the Spanish population used cash everyday while it was the primary payment method at point of sale for 60% of the population. I did spot the MuchBetter prepaid Mastercard for sale at a supermarket checkout and there appears to be a market for prepaid cards with BBVA and Santander among others offering them to customers who want to control spending or don't want to use their main cards online. Multi currency churches - The cathedral of Santiago de Compostela probably attracts one of the largest international church visitors in the world with about 3 million visitors annually including over 400,000 pilgrims who follow the yellow shell. It was interesting to see they accepted donations in other currencies though the volume of Ruble donations is probably pretty low at present. Getnet also advertise #DCC at their merchant locations with 'Pay in your currency' on the decal. Local terminals - Madrid HQ'ed @Itos Android based terminals were particularly well represented in the area Hasta la vista

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The launch of Wero has been announced, a mobile-first digital wallet and instant account-to-account payment solution in Germany, brought to you by the European Payments Initiative (EPI). 🌍💳 Starting now, German Sparkassen and Volksbanken customers can make instant P2P transactions using just a phone number, QR code, or email address. Wero aims to revolutionize payments across Europe, offering seamless, secure, and instant money transfers. 🚀 Key Highlights: Instant Payments: Send and receive money instantly using only contact details. Secure and Seamless: Enhanced security features ensure safe transactions. European Expansion: Launching soon in Belgium, France, and other regions. Why is this important? Wero is the choice from the European Union to advance with its plans on deploying an instant and interoperable payment solution to be used across the region. However, (we latinos always like to do things our way) and Spain, Portugal and Italy have joined forces to make theis ( Bizum, Mbway and Bancomat) interoperable. Who will win the race? The north with Wero? Or the Latins? It is going to be an interesting battle, but in the end interoperability is a common interest for all, regardless of its final name choice . Article in comments. #Fintech #DigitalPayments #Innovation #EPI #Wero

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🤝 Adyen and Zalando Strengthen Partnership to Enhance Seamless Payments for Millions of European Shoppers 🛍️ Adyen and Zalando are expanding their strategic partnership across 15 European markets, with Adyen becoming the exclusive payment partner for local methods like GIE Cartes Bancaires in France and Bancontact Payconiq Company in Belgium. This collaboration ensures Zalando customers can effortlessly pay with their preferred payment methods, fostering a frictionless shopping experience. 🔒 By integrating advanced solutions like Network Token Optimization, Zalando enhances authorization rates and minimizes payment failures. These tokens replace traditional card details, improving security and reducing cancellations, aligning with Zalando’s customer-first approach. 🌍 With Adyen’s support for local payment methods, Zalando continues to deliver a high-quality, differentiated shopping experience, ensuring its platform caters to diverse European customer preferences. 💡 Both companies share a commitment to seamless and secure payments. This includes optimizing 3D Secure transactions under PSD2 and streamlining the payment journey to keep customers satisfied and loyal. 📈 Driving Success Together: "This partnership with Adyen supports our goal of creating a positive shopping experience, keeping customers coming back," said Kai-Uwe Mokros, Managing Director at Zalando Payments. 🌐Adyen is the global fintech leader, empowering businesses like Uber and Microsoft with unified payment solutions. Zalando, Europe’s premier fashion platform, serves over 50 million customers across 25 markets, driving innovation in e-commerce. #Adyen #Zalando #SeamlessPayments #ECommerceInnovation #CustomerExperience #FintechSolutions #PaymentOptimization

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Still very much energized from Money20/20 Europe last week. What a conference! Thanks to J.P. Morgan for inviting Alexandra Rivas-Gale from ClearBank, Esther Groen from European Women Payments Network (EWPN) and myself to share our thoughts about 'Females in Fintech' with a diverse room of industry leaders. We were asked about some of the biggest challenges for women in fintech. Having been an entrepreneur for the last couple of years, and observing what it takes to grow a company, I spoke about the need for more #venturecapital available for and accessible to women-founded businesses. There are so many amazing businesses out there (I am happy to connect you with some if interest) that have the metrics, the product market fit, and are ready to scale - just need the support system required to do so. We at Markaaz are also leaning in. Through our global business identity platform (and directory of 480 million businesses), we are enabling all businesses to have the most up to date data-profile, so when they apply for vital services, their digital identity can speak on their behalf. Thanks to Sophie W., Anna Blyablina, Bas Ruiter, Alexander Huiskes, Robin Lynch for your leadership in this space! #jpmorgan #fintech #womeninfintech #businessdata #businessidentity #smallbusiness

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Each transaction is rich in data—personal, transactional, financial, KYC, risk, compliance, and more. In this article our SVP Engineering for Data, Andreu Mora, explains how we're using AI to turn that data into revenue for our customers and highlights the broader business impact of our AI investments at Adyen .

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Is the upcoming #instantpayments regulation kicking off a new era for European #paymentsmodernization? Find out at #EBAday2024, pod #27! I'll be there, as will our team to answer your questions, plus give key regional insights from the 2024 #PrimeTimeforRealTime report.

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🌍 𝐈𝐍𝐆 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐜𝐚𝐧 𝐧𝐨𝐰 𝐜𝐡𝐞𝐜𝐤 𝐂𝐎2 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐨𝐟 𝐭𝐡𝐞𝐢𝐫 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬 🌱 ING has launched 𝐅𝐨𝐨𝐭𝐩𝐫𝐢𝐧𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭, now available for all Dutch private customers in their mobile banking app! Originally piloted with 500k users, this feature allows customers to: 🔸 See the CO2 emissions of their expenses 🔸 Get tips to reduce their carbon footprint 🔸 Compare their emissions to the national average Developed with Cogo, Footprint Insight helps users understand and reduce their environmental impact. Click here for more info, https://lnkd.in/grn38p8v #Sustainability #GreenFinance #ING Ben Gleisner _

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#Payments News: EPI's Wero Goes Live in France, Expanding Digital Payments Across Europe 🇪🇺 🌐 The European Payments Initiative (EPI) has taken another major step in its expansion, launching its Wero digital wallet and instant account-to-account payments solution across France. 🇫🇷 Leading French banks Groupe BPCE, Crédit Agricole, and Crédit Mutuel Alliance Fédérale have already deployed Wero through their banking apps, with BNP Paribas, Crédit Mutuel Arkéa, Société Générale, and La Banque Postale set to follow soon. With Wero, customers can easily complete person-to-person (P2P) transactions using just a phone number or email address. 📲 Building on the success of Paylib, which has 35 million users, Wero is set to introduce even more functionalities in 2025, including QR code payments, money requests, and buy now, pay later options. 🇩🇪 The launch in France follows Wero’s debut in Germany earlier this year, with cross-border payments now available between the two nations. Belgium, Luxembourg, and the Netherlands are next on the roadmap. 💭 What are your thoughts on Wero’s expansion and its potential impact on European digital payments? #DigitalPayments #Wero #EPI #BankingInnovation #FinancialServices #EuropeanPayments

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💶 Are banks in Europe ready for instant payments? In this article, Finastra's Amelia Ruiz Heras notes that the upcoming EU #instantpayments regulation will provide a big opportunity for #banks and PSPs to develop new services and revenue streams, while supporting the growth of new #embedded payment use cases. However, with aggressive timelines ahead, institutions need to move quickly. In many cases, the only way to meet these timelines and avoid penalties will be by adopting a suitable Payments as a Service offering. https://okt.to/JwSA0O

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The Future of Money Transfers: Meet PayPorter at Money 20/20 in Amsterdam – your gateway to seamless international transfers! 🌏💸 #Money2020 #PayPorter #MoneyTransfers #CrossingBorders @payporter

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Later today – at 3:00pm CEST to be precise – my fellow #BriteSparks Luke Trayfoot, Manfred Schulz and Lisa Calderwood are dissecting the Brite Payments "Instant Economy" report to look at; 1. How consumers choose online payment methods 💶 2. What are the most important factors when evaluating new payment methods 🤔 3. Differences in the growth of #PaybyBank across key European markets 📊 Check it out!

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🎶 Two is better than one… … also at Klarna! ‘The 2 products we launched today are a further step into tapping into retail #banking core business: everyday spending and saving. 🥇Klarna balance allows consumers to store money in a Klarna ‘account’, adding money directly from their bank account, receiving cashback rewards for shopping in the Klarna app, or receiving refunds from returned items. 🥈Cashback rewards consumers who shop in the Klarna app. Shoppers earn a percentage of purchases at participating retailers, and the money is stored in their Klarna ‘balance’ account. The products are now available in 12 countries across 🇪🇺Europe and the 🇺🇸 US.’ More details in the official press release and articles shared in comments. 🚀 Paying with Klarna has never been easier. #klarna #fintech #ai #payments #financialservices #fs

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THE EUROPEAN ID DIGITAL WALLET Europe is set to enable legislation to implement a continent wide Wallet for the citizens of its member states, with the attached privacy guidelines that they are know for. The way I see it this when this is done the possibilites are endless for integration with financial services. Experience tells us that one of the major hurdless in wallet enabled transactions is the identification of the users. Important to note in the Americas how we can evolve in this trend and in the near future use this functionalities. The future is here it seems. https://lnkd.in/d_UmvUnm #wallets #digitalidlegislation #payments

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