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June 14, 2021

On the wires

Adyen Granted US Branch License

“The US Office of the Comptroller of the Currency (OCC) has approved Adyen’s application to establish a Federal Foreign Branch in San Francisco, California. The OCC’s approval and its granting of the branch charter in combination with the Federal Reserve’s approval of the application on May 24, 2021 permits Adyen to commence operations as a Federal Foreign Branch.  Obtaining this US branch license allows Adyen to enhance its US activities and operations in line with those conducted in Europe under its European banking license (obtained in 2017). Benefits include increased operational scalability via Adyen’s single platform and the ability to offer enhanced services to its merchants.”

June 2, 2021

On the wires

Adyen Expands Its Acquiring Offering to the United Arab Emirates

“ADYEN (AMS:ADYEN), the payments platform of choice for many of the world’s leading companies, today announced the expansion of its local acquiring services to include the United Arab Emirates (UAE), illustrating its commitment to the Middle East region. With acquiring capabilities in the UAE, Adyen provides both domestic and international businesses with an improved payments solution, allowing for higher authorization rates and improved shopper flows with less friction. Among the first merchants benefitting from Adyen’s acquiring offering are Foodics, Fabergé and HMSHost International.”

May 25, 2021

On the wires

May 19, 2021

On the wires

Adyen Expands Acquiring Capabilities to Japan Amid Growing Momentum for Cashless Payments

“ADYEN (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Japan…This announcement extends Adyen’s local acquiring capabilities in Asia-Pacific, following launches in Australia, New Zealand, Hong Kong, Malaysia, and Singapore, and is supported by demand from international and domestic merchants looking to better serve shoppers in Japan.”

May 11, 2021

On the wires

Adyen Launches Planet, Enabling Climate Action at Checkout

“ADYEN (AMS: ADYEN), the payments platform of choice for many of the world’s leading companies, today announced the launch of Planet, the company’s latest addition to its Impact product suite1. Planet allows Adyen’s merchants to offer their shoppers the opportunity to offset the carbon footprint of their purchases at the end of the checkout process. This optional feature, which can be implemented at no additional cost to the merchant, directly supports climate action projects (e.g. reforestation or renewable energy).”

May 4, 2021

On the wires

Adyen Singapore Now Licensed Under Payment Services Act As a Major Payments Institution

“Adyen, the global payments platform of choice for many of the world’s leading companies, today announced that its Singapore entity, Adyen Singapore Pte Ltd, has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore’s license as a Major Payment Institution under the PSA has been expanded to include merchant acquisition and domestic money transfer services, on top of the previously licensed activity of cross-border money transfer service. Adyen Singapore is the first global payments provider to be licensed for the newly regulated activity of merchant acquisition service under the PSA.”

April 8, 2021

On the wires

Afterpay and Adyen Partner to Deliver Flexible Payments

Afterpay (ASX:APT) the leader in “Buy Now, Pay Later”, and Adyen, (AMS: ADYEN), the global payments platform of choice for many of the world’s leading businesses, are joining forces to offer Afterpay’s leading “Buy Now, Pay Later” (BNPL) service to retailers, kicking off with Hunter, the premium British footwear brand. Leading iconic British outdoor lifestyle brand, Hunter, is among some of the first retailers to offer Afterpay with Adyen.”

December 15, 2020

On the wires

December 10, 2020

On the wires

Adyen and Microsoft Launch Network Token Optimization

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, expands its collaboration with Microsoft to accelerate payments innovation for both companies with the launch of Adyen Network Token Optimization. Adyen is one of the first payment platforms to enable tokenized payments across multiple schemes and to offer automated optimization of the use of tokens to increase authorization rates. By adopting Network Token Optimization, merchants like Microsoft are able to realize significantly more revenue due to increased authorization rates.”

December 8, 2020

On the wires

Adyen to partner with Hungry Jack’s to improve its customer service with payment-led updates

“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced it has partnered with Hungry Jack’s, the Australia-based quick-service restaurant, to improve its point-of-sale (POS) terminal fleet and help unify its in-store and ecommerce channels – driving cost savings, while improving revenues and customer experience.”

November 16, 2020

On the web

A Little-Known Payments Provider Grows Into One of Europe’s Most Valuable Finance Firms

Wall Street Journal (paywall)

“Few companies have benefited more from the e-commerce shopping boom sparked by the pandemic than Dutch payments firm Adyen NV. The best-performing large stock in Europe this year, Adyen is up almost 120%, vaulting its market value to nearly $60 billion, bigger than some of the region’s top banks, including Swiss giant UBS Group AG. Adyen’s stock performance has even outpaced PayPal Holdings Inc., another beneficiary of the move toward digital payments, which is up about 70%.”

October 15, 2020

On the wires

Adyen’s 2020 Retail Report Reveals American’s Shopping Habits and Post-Pandemic Outlook

“Adyen, the global payments platform of choice for many of the world’s leading companies, today announced U.S.-specific findings from its 2020 Global Retail Consumer Survey which explored how consumers’ perspectives and spending habits shifted during the COVID-19 pandemic and what their outlook will be post-pandemic. The study revealed that even during a time when America’s unemployment rates are at their highest, two things matter more than price for many consumers: brand loyalty and experience.”

October 9, 2020

On the wires

Columbia Sportswear Company Selects Adyen as its Payments Partner in the US and Globally

“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, announced today that it has been selected by Columbia Sportswear Company (CSC), a leader in the global active lifestyle apparel, footwear, accessories and equipment industry, as its primary payments provider. Adyen is live with CSC brands today and will continue its roll out across the U.S., Canada, and Europe with all major CSC brands, including Columbia, Sorel, Mountain Hardwear, and prAna.”

August 20, 2020

On the web

Adyen Clinches Wirecard Clients During Online Shopping Boom

Bloomberg (paywall)

Adyen NV said it poached new merchants from embattled German payments firm Wirecard AG, as the Dutch company reported a 27% rise in revenue for the first half of the year. The scandal that plagued competitor Wirecard proved to be a boost in Adyen’s favor. Retail merchants looked for payment processing alternatives following the German company’s spectacular collapse in June, when Wirecard filed for insolvency after admitting that almost 2 billion euros ($2.37 billion) previously reported as cash didn’t exist.”

August 13, 2020

On the wires

Adyen to process European credit card payments for Zalando

“Adyen and Zalando’s partnership is expanding, as the global payments provider to many of the world’s largest brands gets set to process Zalando’s credit card payments in all European markets. The partnership took its next steps when Adyen acted as an acquirer for Zalando in France and the Benelux, allowing them to implement local payment methods such as Cartes Bancaires and Bancontact. Making use of Adyen’s international acquiring and end-to-end solution lets Zalando link directly to all major card systems and local payment methods.”

July 20, 2020

On the wires

eBay’s Management of Payments Begins Scaling Globally

“Starting today, eBay will begin expanding its management of payments around the globe. The company embarked on its journey to manage the end-to-end payments process on its marketplace platform in late 2018 and is already seeing success with its rollouts in the U.S. and Germany. Until now, the rollout has been paced by an Operating Agreement with PayPal that governed how quickly eBay could scale its management of payments. With this agreement now expired, eBay is free to move quickly with fully launching its management of payments, bringing customers one step further toward a more seamless user experience and a more modern managed marketplace.”

July 7, 2020

Top Post

Adyen Expands Acquiring Capabilities to Malaysia

“ADYEN, the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Malaysia.  Adyen acquiring complements the company’s all-in-one payment platform allowing merchants like Fave, foodpanda and Love, Bonito to get the most out of each transaction with local payment processing. This announcement extends Adyen’s local acquiring capabilities in Asia-Pacific, following launches in Australia, Hong Kong, and Singapore, and is supported by demand from international merchants looking to better serve Malaysia’s growing internet economy.”

June 16, 2020

On the web

Adyen Adds Amazon Pay to Its Offering

Reuters

“Dutch-based online payments firm Adyen on Tuesday said it had added Amazon Pay to its range of payment options available for customers. Adyen, which handles the online payments backend for Facebook and Uber, said it would support Amazon Pay in countries such as the United Kingdom, Germany, the Netherlands, France, Italy and Spain.”

June 11, 2020

On the wires

Pay by Link Technology Helps Australian Boutique Keep Sales Flowing During Lockdown

Adyen, the global payments platform of choice for many of the world’s leading companies, today announced Australian fashion retailer, Incu , has implemented its Pay by Link technology to reach customer markets which had been shut off by the COVID-19 lockdown. Just weeks after Pay by Link launched, Incu is achieving the same level of sales from key customer segments as before stores closed. Prior to stores shuttering in March, Incu staff used Chinese messaging service, WeChat, for social selling. It operated as an interactive mailing list, to share new product updates, answer sizing and styling questions, and transact with Mandarin-speaking customers. Purchases were then finalised through in-store Point of Sale (POS), or via direct transfer.”

May 7, 2020

On the web

Openbravo and Adyen Team Up and Launch a Joint Ready to Go Solution to Help Retailers Succeed in the New COVID-19 Reality

prnewswire

“Openbravo and Adyen announced today that they have entered into an agreement to make Adyen’s payments platform available to Openbravo customers globally. Today’s extremely challenging market conditions due to COVID-19 have put many retailers in a difficult position, which is the main reason why both companies decided to accompany this announcement with the launch of a joint solution for retailers that can be implemented in a matter of weeks and combines their key respective strengths to allow retailers to adapt to the new COVID-19- reality better and faster.”

April 21, 2020

On the web

Fintech Firm Adyen Posts 34% Surge in First-quarter Revenue As Coronavirus Bolsters Online Payments

CNBC

“Dutch financial technology firm Adyen reported rising revenue and core profits in its first-quarter results Tuesday, as the coronavirus pandemic boosted online payments but impacted on margins. The company posted total first-quarter revenue of 135.5 million euros ($146.9 million), an increase of 34% from a year earlier. Adyen normally reports half-year and annual numbers, but decided to release an update on its performance at the start of 2020 due to Covid-19.”

December 19, 2019

Top Post

August 29, 2019

On the web

Square Competition Concern Intensifies as Key Customer Bails

Bloomberg

“Faucette, who has an equalweight rating on Square, said recent commentary indicates Joe & the Juice moved to competitor Adyen to gain a single global processor across all of its international markets. That suggests Square is still in the early days of developing its brand power in global markets and is less likely to offer a competitive advantage internationally, the analyst said.”

July 19, 2019

On the wires

Postmates Selects Adyen As An Additional Payments Processing Partner

prnewswire

“Adyen, the global payments platform of choice for many of the world’s leading companies, announced today that it has been selected by Postmates, the company that enables people to have anything they want on-demand, as one of its payment providers. Adyen provides support for select Postmates payments across the U.S.  ‘We are thrilled that Postmates has chosen to partner with Adyen for payments,” said Kamran Zaki, President, Adyen North America. “Adyen works with a wide range of platform businesses, and as a result, we have a unique understanding of how to help them be successful. Payments is a critical step in delivering an on-demand experience and we aim to reduce friction at checkout so that our partners can delight their customers.'”

September 5, 2018

On the wires

August 30, 2018

On the web

ADYEN LAUNCHES FIRST-TO-MARKET 3D SECURE 2.0 SOLUTION TO HELP CUSTOMERS BOOST SECURITY AND AUTHORISATION RATES

Financial IT

Adyen, the payments platform of choice for many of the world’s leading companies, today launched a fully-certified 3D Secure (3DS) 2.0 solution which it has made available to its customers or merchants needing a next-generation authentication solution. The first-to-market solution is based on EMVCo’s 3DS protocols and will help merchants reduce risk and protect their customers from payments fraud. It also overcomes a significant pain point of 3DS 1.0 by improving the payments experience for customers, particularly on mobile.

August 22, 2018

On the web

July 24, 2018

Top Post

Ebay To Add Support For Apple Pay, Partners With Square Capital On Seller Financing

TechCrunch

“Ebay announced this morning it will begin accepting Apple Pay on its marketplace  starting this fall, and has also teamed up with Square Capital on seller financing. The changes come following eBay’s further distancing from longtime partner PayPal, which included the company’s switch to Adyen as its primary payments processing partner, announced earlier this year. At the time, eBay  said PayPal  would continue to be an option at checkout, but Adyen would become the default over time.”

June 13, 2018

Top Post

Dutch Payments Company Adyen Opens At €400/share, A Pop Of 67%, Now Valued At $16B

TechCrunch

“The share price closed at €462.50 — over 92 percent up on its price last night —  giving it a market cap of over €13.6 billion, or $16 billion at current exchange rates. It’s gone as high as €503.90 today. The number moved between about €15 billion and €16 billion throughout the day. This all represents a big jump on Adyen’s valuation. In a statement last night announcing its initial offer price of €240 per share, Adyen said the figure implied a market capitalization of €7.1 billion, based on the current number of Shares outstanding.”

June 6, 2018

On the web

Adyen Provides Access To Mastercard Account Updater Service

Cards International

“Payments platform company Adyen has provided merchants with real-time access to the Mastercard Account Updater service through integration with its direct API. Adyen said that qualified merchants using its platform will now be able to enhance their revenue from card-on-file payments via automatic update of Mastercard accounts. The direct connection, which can be activated instantly, also prevents card declines associated with account changes due to a variety of factors such as expiration dates or new replacement card numbers.”

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