Connective Payments Insights

Hosted by Connective Payments, Value Creators in Payments

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Episodes

Latest episode

Sep 2024

Language

EN-GB

About the show

Connective Payments Insights is a series of spoken articles on various developments in the connected world of payments. They cover a range of subjects that are changing the payments ecosystem, such as CBDC, BNPL, PSD2 and other relevant regulations, sustainability, new technologies and new products and services in physical and digital payments. They are aimed at payment companies, banks and FinTechs, retail and online merchants and if you want, the general public. These articles, selected from the "Insights" section on our website, are delivered to you by Connective Payments experts.

Listen to episodes

19 recent

September 23, 202414 min

Prepare yourself for the digital euro

You may not have noticed it yet, but in Brussels, Frankfurt and elsewhere, IT specialists, lawyers, financial specialists, behavioural scientists and many other project members are steadily working on the preparation of a digital euro. In this audio article, Ronald te Velde and Hans Croon explain the main characteristics of this European CBDC in the making, and the challenges facing banks, PSPs and the regulators to fit the digital euro into their strategies.

August 17, 202410 min

Upgrading Debit Card Acceptance in The Netherlands

Connective Payments consultants and project leaders have been contributing intensively to the Dutch DCA (Debit Card Acceptance) program, to enable the transition from V PAY and Maestro to VISA Debit and Debit Mastercard respectively. This spoken article tells you all about the results now the the projects finished.

June 24, 202411 min

The launch of Wero is near

An exciting development this summer: four years after the announcement of the European Payments Initiative (EPI), the first EPI application will finally go live. The digital wallet, called Wero, will launch in Germany, Belgium and France. Backed by 14 major Eurozone banks and acquirers Worldline and Nets, the EPI has set itself the goal of building a unified pan-European payment system, offering a digital wallet, initially to support P2P and consumer-to-business payments, in 2025-26 followed by online and mobile shopping payments and ultimately point-of-sale payments and digital identity.

June 23, 202412 min

Banks should embrace Open Finance to boost revenues

While Open Banking on the European mainland is still not functioning as smoothly as the European Commission had envisioned at the start of PSD2 in 2015, the next phase in the financial data unlocking project is already underway. Open Finance will lead to banks sharing (much) more financial data from their customers with authorised third parties. Open Finance should open up a much greater potential for banks than Open Banking. That is why banks should embrace Open Finance to boost their revenues.

March 10, 202411 min

The Art of Onboarding

An onboarding process with a state-of-the-art user experience, while ensuring compliance with legal requirements and limiting the risk of fraud, money laundering and other financial crimes, should be central to your business strategy. Designing and executing it can rightly be called an art: the Art of Onboarding. This episode of Connective Payments Insights is about a benchmark research we conducted last year into the onboarding processes at 13 financial institutions active in the Netherlands, aimed at small and medium sized business clients.

October 8, 202316 min

SPAA takes Open Banking to the next level

SPAA, an initiative of the European Payment Council (EPC), is a new, voluntary payment scheme. Enrollment for banks and third-party providers has opened on 1 September 2023. The scheme's ambition is to drive ‘open payments’ in Europe and to become the de facto European standard in the field of open banking.

June 30, 202310 min

The digital euro - turmoil in the final stage of the investigation phase

As the end of the investigation phase comes into view, it is noticeable that the discussion about the digital euro is definitely shifting from the technological to the political domain. The European Parliament is playing an increasing role in the discussion, among others with papers casting doubt on the attractiveness of a digital euro. Meanwhile, the Eurosystem is trying to generate public interest in the project, including through surveys of focus groups in the various euro area countries.

April 17, 20238 min

Public transport payment systems - the convenience game

Anyone who travels through Europe by public transport shares the experience that it is not always clear how to pay your fare. Payment methods and schemes for public transport vary significantly across European countries, reflecting cultural, technological, and economic differences. Is there a trend towards standardisation, which would be in the interest of foreign travellers? And what trends do we distinguish?

April 17, 20238 min

Open Banking beyond PSD2

As the European Commission is still busy evaluating the impact of the Second Payment Services Directive (PSD2), the banking community is looking beyond the Directive and preparing a new scheme for open banking, called SEPA Account Access (SPAA). In this podcast you will get an update on recent developments.

April 17, 20238 min

Embedded finance for SME businesses

At a time when banks are becoming more cautious about lending to small and medium-sized businesses, opportunities are emerging for non-banks to offer banking services to these customers. Accountancy software suppliers have begun leveraging their customer data to offer financial products and payment services to their portfolio, thereby competing with traditional retail banks. Indeed, ’embedded finance’ is disrupting the banking industry and forcing traditional banks to adapt and innovate to remain competitive. However, whether this development will really take off depends on many factors, touched upon in this podcast.