Tag: Paydirect
The benefit of the digital euro is small, the effort immense
Economy, Euro symbol at Willy Brandt Platz The euro may also be available as a digital currency in the future. Many details in the considerations are still open. (Photo: Blatterspiel/Jan…
Around 15 million Girocards will be able to go online
savings bank Six savings banks have already started or completed the conversion to Girocards with an additional Mastercard function. (Photo: SZ Photo) Frankfurt In the next six months, many Sparkasse…
European banks will start their own payment service in 2024
Pay by smartphone The European Payments Initiative (EPI) plans to start mobile-to-mobile payments in 2024, with other mobile payments to follow. (Photo: Moment/Getty Images) Frankfurt A new alternative to Visa…
Against PayPal and Apple Pay: major US banks are planning their own payment app
Frankfurt Seven major US banks want to launch their own payment app and thus put the payment services PayPal and Apple Pay in their place. Well Fargo, Bank of America,…
Banks want to equip Girocard with more functions
giro card The Girocard is to receive additional functions. This was announced by the Association of German Banks (BdB). (Photo: dpa) Frankfurt/Berlin Germany’s banks and savings banks are preparing to…
Mastercard & Visa attack the Girocard in Germany
giro card Around 100 million Girocards (“EC cards”) are in circulation. In many cases, there are changes to international payments because Mastercard’s Maestro function is being phased out. (Photo: dpa)…
Deutsche Bank and Commerzbank want to sell shares.
Schufa Schufa was founded in 1927 as a “protection group for general loan security”. (Photo: dpa) Frankfurt Next chapter in the struggle for the credit agency Schufa: Deutsche Bank and…
Online payment service Giropay gets a new boss
Payment service Paydirekt Online trading largely bypasses the payment service of German banks. (Photo: dpa) Frankfurt Paydirekt gets a new boss. After five years at the helm, Christian von Hammel-Bonten…
EU plans stricter rules for online shopping on credit
Frankfurt, Brussels The EU is striving for stricter rules for mini-loans and buying in installments when shopping online, in technical jargon “buy now, pay later” (BNPL). The consumer credit directive,…
Paydirekt processed just under 18 million transactions in 2021
Paydirect The online payment service provider belongs to the German savings banks, the cooperative banks, Deutsche Bank and Commerzbank. (Photo: dpa) Frankfurt The German banks have fallen far short of…
Paydirekt processed just under 18 million transactions in 2021
Paydirect The online payment service provider belongs to the German savings banks, the cooperative banks, Deutsche Bank and Commerzbank. (Photo: dpa) Frankfurt The German banks have fallen far short of…
How savings banks and Volksbanks ensure foreign payments
Frankfurt Savings banks and cooperative banks want to equip the popular Girocard, formerly known as the “EC card”, with a new function on a large scale. This is how you…
EPI payment project on the verge of collapse: even savings banks have doubts
People’s Bank and Savings Bank There is contention in the struggle to set up a European payment system, EPI. Savings banks go to the cooperative banks. (Photo: picture-alliance / ZB)…