ADN’co Payments Insight – October 2013

New added-value service to boost contactless use in France

• FRANCE – the Crédit Mutuel Arkea lets its customers choose to enable, or not, their payment card’s contactless feature.

This traditional banking player is going for a different approach as it seeks to reassure its customers. Just like Boursorama before them, the Crédit Mutuel Arkea builds on trust to improve the adoption of a feature that hasn’t really taken off yet.

PayPal’s increasing presence in stores

• UNITED STATES – PayPal launches Payment Code, a QR code-based mobile payment service mostly intended for merchants that already have POS systems or QR code readers installed. 

PayPal still aims for ubiquity with targeted multichannel solutions. This launch is in line with the other products it designed over the past months, as well as with its partnerships with POS makers and mobile payments specialists. Latest announcement to date: an agreement with the iPad-based in-store m-payment service provider Revel Systems.

Amazon entering the e-payment sector

• INTERNATIONAL – Amazon launches Login and Pay with Amazon, a service enabling its customers to pay on third party websites through relying on their Amazon credentials: no need for them to scatter their payment information anymore.

Moneo Resto taking off

• FRANCE – Moneo Applicam announces more partnerships: with the French syndicates SNRTC (thematic restaurants) and SNARR (fast-food industry).

These alliances are intended to cater for Moneo Resto’s growth and favour the use of paperless luncheon vouchers in general. They would also help Moneo with challenging the historical French issuers.