As of early 2013, the drugstore chain will be relying on the e-money institution for card acceptance services for OLV (online direct debit), MasterCard and Visa acquiring, as well as the processing of American Express transactions. Rossmann is using this new payment strategy with all services from one single source to extend and consolidate the range of card-based payment methods available at its store.
Rossmann has been running its network operations in cooperation with easycash since 2004. Until now, the “girocard” debit card PIN method has been used. As of 2013 onwards, Rossmann customers will also have the option of signature-based payment for their purchases as the company introduces easycash’s secure OLV acquiring alongside girocard debit card payments. The retailer has additionally chosen to make the most of the combined card acceptance services for MasterCard and Visa debit and credit card acquiring and the processing of American Express transactions provided by easycash.
“The intensification of our partnership with easycash is the result of many years of successful cooperation”, explains Ulrich Bensemann, Head of Commercial Management at Dirk Rossmann GmbH. “The reason behind the extension of our cashless payment portfolio is a simple fact: We are reacting to our customers’ demands who can expect state-of-the-art services when it comes to payments.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.