PSD II: Goals and Expectations



On May 5, 2015, the Economic and Monetary Affairs Committee MEPs, the Commission of the EU, and the Latvian Presidency of the Council, reached an informal agreement on the proposed revision of the Payment Services Directive (PSD), known as the PSD II. The agreement will be confirmed by the Council of the EU once the full text of the proposed directive is finalized at the technical level. The text will then be submitted to the European Parliament for a vote in a first reading, and then it will be sent on to the Council for final adoption.

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How Does Big Data Fit In to the Payments Ecosystem?

Our expert panel at last month’s Credorax UNIFY event covered a number of payments-related topics, as we mentioned in our last post. In addition to PSD2, EMV, Mobile and Tokenization, the panel’s participants also discussed the role of Big Data in today’s payments landscape.Continue Reading

Payments in the Age of Digital Disruption


Yves Mersch, a member of the Executive Board of the European Central Bank, spoke recently at the joint European Central Bank/Suomen Pankki Conference in Helsinki. His speech included some very compelling points about innovation, trust and regulation in retail payments. One of the central themes of his speech was how online content digitalization has not only disrupted creative media industries like music and publishing, but such digitalization is now banging on the door of the payments industry as well.Continue Reading

On the Road to a Cashless Society

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It’s hard to believe the phrase “Cash is king” was once widely-accepted conventional wisdom. As payments innovation picks up the pace, it’s looking like the concept of a cashless society could become the norm around the world. Payments security is constantly improving and transaction costs are on a downward trajectory thanks to technology like Credorax’s seamless onboarding API. This could be making the future less bright for cash.Continue Reading

Fraud Protection, Data Security Are Major Drivers of Retail Payments Strategy


The pace of payments innovation seems to constantly speed up. Just when you think you have figured out how to incorporate the latest gadget or technology into your roster of payments options, consumers demand yet another payment option.Continue Reading

Interchange Fee Regulation Update


Multilateral interchange fees are back in the news. We discussed them back in November in the context of Visa Europe’s CBDIP program.  Just recently, the European Council approved the latest version as recently amended by the European Parliament (EP). Continue Reading

Credorax’s 5 Commandments of Customer Service


With the proliferation of omni-channel payments and the general global nature of the industry, sometimes it can be hard to manage the constant barrage of information and technology. Payments is a multifaceted industry where merchants are bombarded with multiple offerings and features. Continue Reading

To Combat Fraud, Bring Payments Out of the Dinosaur Age

Payment design, vector illustration.

Our CEO Benny Nachman had a great conversation on retail security and payments fraud issues last week with Jeff Peters, host of the Cybercrime and Business Podcast. You can listen to the whole exchange here. Below are some of the highlights that we’ve summarized for quick reading.Continue Reading

Why mPOS Is Changing the Face of Payments


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Many industry insiders are buzzing about mPOS lately, which is not at all surprising. There are two reasons for the recent “Rise of mPOS”. First, the increase of small and micro enterprises since the start of the global recession in 2008. Second, increased interest on the part of Tier 1 and 2 merchants in using mPOS in traditional retails environments.

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Credorax Rocked ICE Totally Gaming 2015


To put it succinctly: Credorax rocked ICE Totally Gaming 2015 and we have the pictures (and videos!) to prove it. We had fantastic guest appearances from football freestyler Dan Magness and Sky pundit Paul Merson in addition to foosball masterclasses from world champion Rob Atha. And that was just the beginning!Continue Reading