Payments

Paymill, a one-stop solution which enables merchants to easily accept credit and debit cards, announced it made the decision to go for a preliminary insolvency in self-administration. With this decision, the German online payment provider hopes to bring the merger and acquisition negotiations to a successful result.

EKM, the largest hosted ecommerce provider in the UK, has announced it is partnering with Swedish payments company Klarna. Starting today, all new merchants who sign up for a store with EKM will be offered a store and payment solution powered by EKM and Klarna. The new store will have Klarna's checkout pre-installed and ready to go.

SecurionPay, a fintech company from Switzerland, has launched its new website and wants to further revolutionize the way small businesses approach online payments. By offering for example a drag-and-drop builder to implement payment buttons, SecurionPay wants to ensure merchants can implement payment methods on their ecommerce websites quick and easy.

When you are running an ecommerce website in the Netherlands, you can't avoid offering iDeal. For years, this local payment method is the most popular online payment method in the Netherlands. A new graphic shows the other popular options you should offer as an online retailer.

Veridu, a London-based startup that offers identiy solutions for the payments industry, has secured investment from Worldpay Group. The exact amount of the investment is unknown, but the company will use it to further develop and roll out its solutions globally.

It seems like raising the limit on how much people can spend using contactless pay was a good choice. Millions of pounds have been spent by Britons swiping their card or mobile device, since the limit went up from from £20 to £30 in September last year.

For years, many consumers in Germany have used purchase on account when they went online shopping. But this payment method is losing popularity. When asked about the five payment methods they prefer to use, nearly 40 percent of German consumers ranked purchase on account in the first place. But in 2014, it was one in two consumers who preferred this payment method.

Android Pay is said to be launched in the United Kingdom at the end of March. With this payment system, Google wants to encourage Android users to use their device for contactless payments. It will need to compete with the contactless payment systems of mobile OS rivals Apple and Samsung, but also with mobile payment solutions like Barclaycard bPay, EE Cash on Tap and V.Me.

The German website Kreditkarte.net has published a comprehensive overview of the 60 payment service providers that are active on the German market. Their services are placed side by side, so you can compare them easily. See what every PSP cost, what payment methods they offer, if they can be used with your shopping cart software and if they offer fraud prevention.

Visa will make its online payment service Visa Checkout available to merchants and consumers in the United Kingdom, France, Ireland, Poland and Spain this year. With Visa Checkout, users have the security and convenience of the Visa card, but then in the digital world.

Dutch payment company Adyen announced it achieved 100% transaction volume growth and more than 100% revenue growth in 2015. The company processed 50 billion dollars in transaction volume last year and achieve revenue of 350 million dollars, which corresponds to a growth of more than 100 percent over 2014.

Ingenico Payment Services' ecommerce division is merging with GlobalCollect, and as a result it will be transforming into Ingenico ePayments. Together, the companies hope to have a wider reach and stronger offering for their customers and partners.

PayU, a payment service provider in Turkey, will close this year with a growth of 40 to 80 percent in each of its markets. This success is due to an emerging middle class, the rise of mobile technology and evolving ecommerce environments in developing markets, the company says.

In Sweden, digital payments via card or a mobile app have become widely accepted. As a matter of fact, there are few Swedes who carry any cash at all. Even children often pay with their debit cards. Sweden is the uncrowned king of cashless trading.

Payment system WebMoney is now licensed to issue electronic money within the European Union. The company was granted a Financial Conduct Authority License and as a result, its Euro purses are now considered e-money and are in full compliance with EU legislation.