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CreditCall Celebrates One Year Chip and PIN mPOS Anniversary

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CreditCall, the award-winning payment services provider, celebrates the one year anniversary of it commercially launching the world’s first Chip and PIN enabled mobile point of sale (mPOS) offering – CardEase Mobile. The solution provides merchant-facing businesses, such as banks, acquirers, processors and payment service providers, with a tried and tested standalone mPOS white label solution and integrated payment API for smartphone and tablet applications.

CreditCall initially launched CardEase Mobile in the UK in May 2012 and incorporated it into Elavon’s MobileMerchant payment application. As a result, CreditCall became the first mPOS provider in the world to allow customers, such as direct sales agents, tradespeople, market stall owners or delivery services, to accept fully secured Chip and PIN card payments on their smartphone or tablet. In addition to eradicating the hassle of cheques or cash, this also benefits merchants through improved cash-flow.

Since the UK launch, merchants across Ireland, Switzerland, France, Malta and Belgium have also adopted CardEase Mobile. It is deployed either as a standalone white label mPOS solution or as an integrated card processing API for smartphone and tablet applications using CreditCall’s Software Development Kit (SDK). CreditCall is now rolling the solution out to additional regions throughout Europe and plans to extend the offering to the U.S. and South America.

The end-to-end encrypted solution consists of a customisable app, a selection of fully approved and EMV certified Chip card readers, including the Miura Shuttle and Thyron PosMate®, a multi-channel and real-time transaction reporting tool, a PCI DSS Level 1 certified payment gateway and a Terminal Management System (TMS) for remote configuration of the payment process including PIN pad software updates. CardEase Mobile can be supplemented by CreditCall’s Cardholder Not Present (CNP) and eCommerce products, making it a one-stop-shop for any card payment requirements including face-to-face, online or mobile transactions.

Guy Harris, Elavon’s Managing Director Europe, explained: “CreditCall has been on the exciting mPOS journey with us for over a year now, helping us navigate through the fragmented and ever evolving mobile payments market. Thanks to CreditCall’s expertise, farsightedness and knowledge of regulations and standards, we were able to launch an mPOS solution over a year ago to meet the latest requirements and regulations, which didn’t exist at that point of time. We are proud that one year in our high standard has become the status quo of the payments ecosystem and has set the benchmark for EMV enabled mPOS solutions worldwide. CreditCall has continuously invested time and money developing the most sophisticated, secure and reliable mPOS solution available. Based on the success in the UK and the Republic of Ireland, we are looking forward to rolling out our solution into further territories.”

Peter Turner, CreditCall’s CEO, commented, “In 2010, there were questions about whether a Chip and PIN solution could ever work reliably in the field. With an increasing number of CardEase Mobile users regularly utilising the solution, it is now a proven concept with a very low overhead for customer support. CreditCall’s total solution approach, combining multichannel capability with real-time reporting and terminal management, is proving to be very popular with large organisations wanting to be part of this emerging market. In the SME sector, growth continues to accelerate. Expectations by retailers to move payment points to the customer, rather than insisting the customer moves to the payment point, are driving additional adoption of mPOS solutions. We continue to invest both in our mPOS and other multi-channel solutions to ensure the best possible merchant experience.”

Peter Turner is speaking on 24 June at 9:00a.m. about ‘Commerce Convergence, Going Mobile – What does it take?’ at the mPOS World Conference & Expo in Frankfurt. Peter will share the highs and lows that companies face when they attempt to bring innovation to mobile payments. He will also take part in the Q&A session ‘Exploring the mPOS ecosystem’ with Credorax CEO Benjamin Nachman. The two day event will take place from 24-25 June at the Frankfurt Marriott Hotel and will bring together industry players to discuss the latest mPOS business models, trends and innovations. The company is also showcasing its white label solution CardEase Mobile, at booth 7 throughout the duration of the event.

 

 

 

 

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Sunak to use budget to expand apprenticeships in England

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Sunak to use budget to expand apprenticeships in England 1

LONDON (Reuters) – British finance minister Rishi Sunak will announce more funding for apprenticeships in England when he unveils his budget next week, the government said on Friday.

Employers taking part in the Apprenticeship Initiative Scheme will from April 1 receive 3,000 pounds ($4,179) for each apprentice hired, regardless of age – an increase on current grants of between 1,500 and 2,000 pounds depending on age.

The scheme will extended by six months until the end of September, the finance ministry said.

Sunak will also announce an extra 126 million pounds for traineeships for up to 43,000 placements.

Sunak’s March 3 budget will likely include a new round of spending to prop up the economy during what he hopes will be the last phase of lockdown, but he will also probably signal tax rises ahead to plug the huge hole in the public finances.

Sunak is also expected to announce a “flexi-job” apprenticeship scheme, whereby apprentices can join an agency and work for multiple employers in one sector, the finance ministry said.

“We know there’s more to do and it’s vital this continues throughout the next stage of our recovery, which is why I’m boosting support for these programmes, helping jobseekers and employers alike,” Sunak said in a statement.

(Reporting by Andy Bruce, editing by David Milliken)

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UK seeks G7 consensus on digital competition after Facebook blackout

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UK seeks G7 consensus on digital competition after Facebook blackout 2

LONDON (Reuters) – Britain is seeking to build a consensus among G7 nations on how to stop large technology companies exploiting their dominance, warning that there can be no repeat of Facebook’s one-week media blackout in Australia.

Facebook’s row with the Australian government over payment for local news, although now resolved, has increased international focus on the power wielded by tech corporations.

“We will hold these companies to account and bridge the gap between what they say they do and what happens in practice,” Britain’s digital minister Oliver Dowden said on Friday.

“We will prevent these firms from exploiting their dominance to the detriment of people and the businesses that rely on them.”

Dowden said recent events had strengthened his view that digital markets did not currently function properly.

He spoke after a meeting with Facebook’s Vice-President for Global Affairs, Nick Clegg, a former British deputy prime minister.

“I put these concerns to Facebook and set out our interest in levelling the playing field to enable proper commercial relationships to be formed. We must avoid such nuclear options being taken again,” Dowden said in a statement.

Facebook said in a statement that the call had been constructive, and that it had already struck commercial deals with most major publishers in Britain.

“Nick strongly agreed with the Secretary of State’s (Dowden’s) assertion that the government’s general preference is for companies to enter freely into proper commercial relationships with each other,” a Facebook spokesman said.

Britain will host a meeting of G7 leaders in June.

It is seeking to build consensus there for coordinated action toward “promoting competitive, innovative digital markets while protecting the free speech and journalism that underpin our democracy and precious liberties,” Dowden said.

The G7 comprises the United States, Japan, Britain, Germany, France, Italy and Canada, but Australia has also been invited.

Britain is working on a new competition regime aimed at giving consumers more control over their data, and introducing legislation that could regulate social media platforms to prevent the spread of illegal or extremist content and bullying.

(Reporting by William James; Editing by Gareth Jones and John Stonestreet)

 

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Britain to offer fast-track visas to bolster fintechs after Brexit

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Britain to offer fast-track visas to bolster fintechs after Brexit 3

By Huw Jones

LONDON (Reuters) – Britain said on Friday it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will struggle with Brexit and tougher competition for global talent.

Finance minister Rishi Sunak said that now Britain has left the European Union, it wants to make sure its immigration system helps businesses attract the best hires.

“This new fast-track scale-up stream will make it easier for fintech firms to recruit innovators and job creators, who will help them grow,” Sunak said in a statement.

Over 40% of fintech staff in Britain come from overseas, and the new visa scheme, open to migrants with job offers at high-growth firms that are scaling up, will start in March 2022.

Brexit cut fintechs’ access to the EU single market and made it far harder to employ staff from the bloc, leaving Britain less attractive for the industry.

The review published on Friday and headed by Ron Kalifa, former CEO of payments fintech Worldpay, set out a “strategy and delivery model” that also includes a new 1 billion pound ($1.39 billion) start-up fund.

“It’s about underpinning financial services and our place in the world, and bringing innovation into mainstream banking,” Kalifa told Reuters.

Britain has a 10% share of the global fintech market, generating 11 billion pounds ($15.6 billion) in revenue.

The review said Brexit, heavy investment in fintech by Australia, Canada and Singapore, and the need to be nimbler as COVID-19 accelerates digitalisation of finance, all mean the sector’s future in Britain is not assured.

It also recommends more flexible listing rules for fintechs to catch up with New York.

“We recognise the need to make the UK attractive a more attractive location for IPOs,” said Britain’s financial services minister John Glen, adding that a separate review on listings rules would be published shortly.

“Those findings, along with Ron’s report today, should provide an excellent evidence base for further reform.”

SCALING UP

Britain pioneered “sandboxes” to allow fintechs to test products on real consumers under supervision, and the review says regulators should move to the next stage and set up “scale-boxes” to help fintechs navigate red tape to grow.

“It’s a question of knowing who to call when there’s a problem,” said Kay Swinburne, vice chair of financial services at consultants KPMG and a contributor to the review.

A UK fintech wanting to serve EU clients would have to open a hub in the bloc, an expensive undertaking for a start-up.

“Leaving the EU and access to the single market going away is a big deal, so the UK has to do something significant to make fintechs stay here,” Swinburne said.

The review seeks to join the dots on fintech policy across government departments and regulators, and marshal private sector efforts under a new Centre for Finance, Innovation and Technology (CFIT).

“There is no framework but bits of individual policies, and nowhere does it come together,” said Rachel Kent, a lawyer at Hogan Lovells and contributor to the review.

($1 = 0.7064 pounds)

(Reporting by Huw Jones; editing by Jane Merriman and John Stonestreet)

 

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