A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
June 29, 2023
On the web
Italy’s Central Bank Calls for Framework to Prevent Stablecoin Runs
Cointelegraph
May 31, 2023
On the web
Italian Shops, Financial Firms Seek Antitrust Line to Cut Card Payment Fees
Nasdaq
April 6, 2023
On the wires
Italian Drug Cartels Conceal Payments Via Chinese Shadow Banks
Reuters
December 21, 2022
On the wires
Italy Aims to Cut Retailers’ Digital Payment Costs Via Levy on Banks, Lawmakers Say
Reuters
“Italy’s parliament has approved a measure in the 2023 budget paving the way for a levy or “solidarity contribution” from banks and payment processing firms in order to cut fees on digital payments for shopkeepers, two lawmakers said. The move follows a decision to drop a provision that would have relaxed sanctions for retailers who refuse card payments, following criticism by the European Commission.”
June 15, 2022
On the web
Discover and BANCOMAT Establish Partnership to Increase Acceptance in Italy
Business Wire
“BANCOMAT and Discover signed a strategic agreement that increases acceptance for Discover, Diners Club International and network alliance cardholders, all part of the Discover Global Network. This new partnership will give cardholders the ability to use their cards and mobile payment products on the BANCOMAT network throughout Italy.”
December 10, 2020
On the web
Italy Launches Cashback System To Incentivize Christmas Shopping And Counter Tax Evasion
Forbes
“Amidst its worst health and economic crisis, Italy has launched yesterday a cashback scheme to incentivize Christmas shopping and counter tax evasion. Combined with the receipt lottery that is going to begin in January 2021, these actions are part of the cashless strategy that the government is implementing. The cashback system is meant to refund 10% of all payments made by card, up to €1,500 ($1,700) before the end of 2020.”
November 19, 2020
On the web
Jack Dorsey’s Square Invests $18 Million in Italy’s App Satispay
Bloomberg (paywall)
“Square Inc. , the payments company run by Jack Dorsey, is among new big investors in Italy’s mobile digital payment platform Satispay SpA , in a move aimed to expand its operations across European markets, according to a statement by Satispay. The San Francisco-based company invested about 15 million euros ($18 million) for a minority stake in Satispay, people familiar with the matter said, asking not to be mentioned because the value isn’t public. The deal is part of a larger round of investment of 93 million euros that will also be joined by China’s Tencent Holding Ltd , LGT Lightstone, Telecom Italia SpA ’s TIM Ventures and other investors, the statement said.”
October 5, 2020
On the web
Italy’s Nexi to Merge with SIA in Pursuit of European Payments
Reuters
“Italy’s Nexi and SIA agreed a long-awaited merger on Monday to create a dominant domestic payments group with 1.8 billion euros ($2 billion) in revenue and ambitions to expand in Europe. An Italian preference for cash has held back digital transactions in the euro zone’s third-largest economy and Rome is encouraging a shift to electronic payments in its battle with the so-called black economy. The COVID-19 pandemic has accelerated the switch away from banknotes and the government hopes the Nexi-SIA combination will complement planned state incentives for digital payments.”
June 10, 2020
On the web
Credorax Partners With Mondial to Launch Omnichannel POS Acquiring in Italy
PaymentsSource (paywall)
“Mondial Bony has partnered with Credorax to launch the MondialPOS merchant acquiring solution in Italy to address the country’s shift to e-commerce amid coronavirus. The new partnership will allow Mondial Bony to expand beyond its money remittance platform, where it is an authorized payment institution by the Bank of Italy, emphasizing B2B invoice cross-border payments. Credorax will provide an omnichannel payment gateway for Mondial to resell to its clients. The Credorax payment gateway will be leveraged for both the online and in-store merchant acquiring solution.”
August 2, 2019
On the wires
Wirecard and Sisal Group – Through SisalPay – Enter Strategic Cooperation to Drive Digital Payments in Italy
yahoo
“Wirecard, the global innovation leader for digital financial technology, and Sisal Group, through its brand SisalPay, have signed an agreement to partner in the field of digital payments. With more than 200 million transactions per year, 40,000 points of sale and 15 million customers, SisalPay already offers one of the most successful payment services in Italy and is regulated by the Italian central bank, Banca d’Italia. Users can access more than 500 individual services, including utility bills payments, tax payments, mobile phone top-ups, and subscriptions to digital TV services. The target of the new cooperation between Wirecard and the Sisal Group is to make contactless payments as simple and user friendly as possible.”
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.