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Le Third Scheme

On Sep 21, 2020
@BrettKing shared
RT @dgwbirch: New on Forbes: "Le Third Scheme" https://t.co/IQqV7RJQwZ. Europe is trying to build an alternative to Visa and Mastercard. But why build a third scheme that is the same as the other two? Perhaps it's time to circumvent cards instead of competing with them. https://t.co/5oeXrRedTY
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Last year the European Central Bank said that it welcomed an initiative by some of Europe's top banks to explore the development of a "rival payment system" to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms.

www.forbes.com
On Sep 21, 2020
@BrettKing shared
RT @dgwbirch: New on Forbes: "Le Third Scheme" https://t.co/IQqV7RJQwZ. Europe is trying to build an alternative to Visa and Mastercard. But why build a third scheme that is the same as the other two? Perhaps it's time to circumvent cards instead of competing with them. https://t.co/5oeXrRedTY
Open

Le Third Scheme

Le Third Scheme

Last year the European Central Bank said that it welcomed an initiative by some of Europe's top banks to explore the development of a "rival payment system" to challenge the dominance of ...

Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payments Initiative (EPI)

Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payments Initiative (EPI)

A group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments Initiative (EPI). ...

Eurozone banks form payments group to take on Visa, Mastercard

Eurozone banks form payments group to take on Visa, Mastercard

A group of 16 Eurozone banks have launched a plan to create pan-European payments system called the European Payments Initiative, which will offer consumers and merchants a new regime that ...

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1 The three euro risk-free rate candidates were (in alphabetical order): (i) ESTER – the new rate reflecting euro area banks’ borrowing costs in the wholesale unsecured overnight market to ...

Challenger banks in Spain: who’s who (and what’s their tech)

Challenger banks in Spain: who’s who (and what’s their tech)

A list of the known challengers to date and the technology they are using.

In Europe, Banks Trial SWIFT Instant gpi Payments

In Europe, Banks Trial SWIFT Instant gpi Payments

A group of banks in Europe said they are trialing SWIFT instant gpi cross-border payments. Elsewhere, Square has launched a payment processing service for CBD firms.

Trading, digitising, crossing borders – the B2B payments 2018 retrospective

Trading, digitising, crossing borders – the B2B payments 2018 retrospective

For the B2B payments space, 2018 has been the year of collaboration and innovation. Join us for a quick look at the most relevant topics that caught our eye.

Europe: Did the banks cry wolf on negative rates?

Europe: Did the banks cry wolf on negative rates?

As the howls of anguish at negative interest rates reach a crescendo, central bankers and prominent economists are still convinced that Europe’s financial sector would be even worse off ...

Artificial Intelligence, Customer Centricity and Banking’s Social Contract

Artificial Intelligence, Customer Centricity and Banking’s Social Contract

Artificial intelligence is gaining increasing recognition among bankers as not only an investment opportunity but a very useful tool within their own operations toward the goal of ...