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Milan

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2009

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Blockchain Payments Cryptocurrency Brexit

Roberto's blog archive

2020 (2)

Roberto Garavaglia

Independent Management Consultant at Innovative Payments Strategy Advisor

Message Posts: 2 Comments: 14

Bio Senior Advisor specialized in helping Organizations innovate and build new business streams in the Digital Payments industry. Author of TUTTO SU BLOCKCHAIN, published by Hoepli in April 2018. Career History Experienced in market analysis and great expert in European regulatory (PSD, PSD2, IFR, EMD2, AMLD4, AMLD5, eIDAS, etc.), since 2003 I advise several companies, by helping them to assess the right business model for innovative payment propositions or new services/products.

Blogs

Financial Services Regulation

Brexit and digital payments: what are the impacts for the future

16 Feb 2020

Since the stroke of midnight on 31 January 2020, United Kingdom 'is out', to use the same wording we have seen appearing in London's squares, to mark the country's exit from the European Union. Beyond an all too lively and often vague narration of the economic consequences that such a step, now taken, could have on the old continent (and not only)...

Blockchain Observations

In the amazing world of tokens

01 Feb 2020

A complete analysis of token definitions, their main uses, the future of decentralized applications and token-economy, in an evolutionary path that goes beyond the 3.0 paradigm, crosses that of Industry 4.0, to attain a Society 5.0 concept. These are the contents of this article that, starting from the examination of the term “token”, very often c...

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Roberto is Commenting on

Fiserv runs field tests of 'Pin on Mobile' transactions

It’s not so clear whether such a solution is also compliant with new standard PCI Contactless Payments on COTS (CPoC), or only to PCI Software-based PIN entry on COTS (SPoC). Unfortunately, terms like “PIN on Mobile” as well as “PIN on glass” are tremendously ambiguous and unclear, only good for a journalistic extent …

18 Feb 2020 Reply Read article

IMF wonks suggest separate cash and e-money to enable negative interest rates

In Europe the 2009/110/EC directive (the so called “EMD2) lays down the rules for the pursuit of the activity of issuing electronic money. The European Central Bank, national central banks can be recognized electronic money issuer when not acting in their capacity as monetary authority. On the other hand, other public authorities and Member States or their regional or local authorities when acting in their capacity as public authorities may issue electronic money.

24 Feb 2019 Reply Read article

Elavon to offer Pay by Bank app

"This will allow Mastercard to diversify its business beyond its extensive card network" ... a huge relevant statement, since comes from Mastercard indeed! (the power of PSD2 ...).

20 Dec 2018 Reply Read article

Revolut looks to mitigate Brexit with Lux licence

Just a couple hot issues, among others, for PSPs UK licensed out of EU wether no Brexit agreements would be envisaged, are: Lost of pan-european passport rights (as per PSD2); Interchage Fee exemption (as per IFR), hence, high risk for cards issued by an UK licensed PSP to be banned in other EU country at acquiring side (how many merchants would be happy to pay an high MSC in case of UK card acceptance?). Mybe Revolut will be not the fisrt one to think about the opportunity to move to other EU countries? ...

24 Sep 2018 Reply Read article