PayPal has added seven new retailers to its roster of US partners to test its in-store payments service (Reports StrategyEye). Shoppers can now use their PayPal credit card or a PIN code to pay for items in-store, as the firm looks to make greater headway among bricks-and-mortar retailers. The firm is also test-driving a new order-and-pickup feature at new partner Jamba Juice, where customers can pre-order a drink via their mobile devices, pay using their PayPal account and then skip the queue to collect their juice on arrival.
New partners include Famous Footwear, Dollar General, Mapco Express, RadioShack, Spartan Stores and two undisclosed retailers. The firm already boasts a number of US merchants among its partners, including Toys ‘R’ Us and Barnes & Noble.
There are increasing calls for the use of open banking APIs from industry groups and even the UK Treasury. It is clear that this market shift is inevitable, but while this openness will facilitate innovation and drive competition, there is uncertainty.
The European Banking Authority (EBA) has published the long-awaited draft of the Regulatory Technical Standards (RTS) covering Secure Customer Authentication (SCA) and secure communication. Tom Hay, head of payments at Icon Solutions shares his thoughts on whether they will be effective.
In another big deal for the global payments industry this week, credit card firm Visa has inked a partnership with digital payments processor PayPal.
The five fintech startups joining credit card company’s Capital One’s new fintech accelerator in Nottingham have been named, including Credit Kudos, Multisense, Pariti, Warwick Analytics and WealRo.