Back in February of this year, when the threat of COVID was becoming a global cause for concern, we posed the question on this site about whether 2020 would be the year of the QR code.
There’s a counter on the homepage of the GSMA’s website which tells you that today, there are some 5.1 billion unique mobile subscribers in the world. Elsewhere in its pages you can see that there are now more than one billion registered mobile money accounts – that’s one in five of the world’s mobile subscribers.
This month’s Wired magazine has refreshed its opinion of the QR code from marketing gimmick to everyday essential.
Payments consultancy CMSPI believes the looming deadline in Europe for retailers to comply with the regulations around Strong Customer Authentication (SCA) for online sales could cause further damage to an industry already suffering from the effects of severely reduced in-store footfall.
The modern mobile industry is only a little over 30 years old – the mobile money market barely a decade. Yet the power of that mobile device to change habits and revolutionise the way we live is both breathtaking and undiminished. The GSMA released a report this month that showed there are now more than one billion mobile money accounts active in the world.
We are living through unparalleled times. The COVID 19 pandemic is causing worldwide disruption on a scale that few thought possible – stocks and shares in free-fall, restrictions on travel, on socialising, entertainment, on sport. There’s panic buying in the shops and online grocery sales are booming even as retailers struggle to manage the demand.
What’s really going on in payments? Will 2020 be the year of the QR Code in European payments? There’s host of factors lining up to force change on the online payments market in Europe and beyond. Tony Craddock, the Director General of the Emerging Payments Association has looked at the changes 2020 will bring, touching on PSD2 as well as outlining some of the other major themes that he predicts will impact the payments market this year.
January 31, 2020 sees the UK ‘leave’ the European Union and begin the process of determining its future trading relationship with EU member countries and indeed the rest of the world. And it’s worth remembering that EU regulations tend to have impact on countries both within and without the European Union.
Regardless of Brexit, or the speed of adoption of PSD2, or the success of the challenger banks, or indeed the involvement of third parties, our Onescan solution provides the basis for consumers, retailers, and all the other players in the payments field to securely and speedily authorise transactions.
But you definitely can (SCA) with Onescan
The European Banking Authority (EBA) has published a new opinion on the Secure Customer Authentication (SCA) regulations scheduled to come into force this September. In a view that has caught many by surprise, the EBA says that those approaches that simply rely on One Time Passcodes (OTPs) sent by SMS do not actually comply with the new rules.
Industry standards are a good thing – there’s very little argument against their existence or their purpose. They help markets to coalesce around some best practices, and they can help deliver economies of scale as well as drive actual market scale. But if you sense a ‘but’ coming along in this train of thought, you would be at least partly right.
Think of us as Amazon 1-click meets Braintree for interaction. We rapidly and seamlessly connect any and all systems required in your multichannel consumer journeys. This delivers a brilliant customer experience, with invisible world-class security and PCI Level 1 & PSD2 compliance if payments are needed.
Ensygnia today announced that it has partnered with Ingenico Payment Services (IPS) for the secure mobile transaction platform, Onescan. Merchants can now work with Ingenico Payment Services in addition to the other 50 plus payment gateways supported by Onescan. As a leading global digital payment service provider, Ingenico Payment Services provides a seamless response to the complexity of payments, whatever the channel: online, mobile and point-of-sale. Offering innovative e-commerce, multi-channel, financial, and marketing solutions, it helps merchants to manage, collect and secure their payments, prevent fraud and increase their revenues through higher conversions. Ingenico Payment Services is part of the Ingenico Group, the global leader in seamless payment.
Onescan is the award winning, fully-PCI compliant, payments and loyalty platform for mobile devices that includes industry leading Identity (ID) and authentication processes. In the payments world, it allows consumers to typically go from browsing to buying in less than ten seconds.
Julian Wallis, Head of Sales – UK & Ireland at Ingenico Payment Services, said,
“We’re pleased to work with an innovative new partner like Onescan. The awards and recognition they have received are an indication of their excellence in enabling smooth and secure payment transactions on smart phones and we are thrilled to work with them”.
“It’s great to have partnered with Ingenico Payment Services”,
said Matt Deacon, CTO and co-founder of Ensygnia.
“We can now offer IPS as another great way to pay via Onescan, which fits well within our desire to offer our customers and their consumers as much choice as possible when it comes to enabling payments”.
Find out more about Ingenico Payment Services
