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Veenendaal
Member since
2017
Frank Nolden

Frank Nolden

Consultant at Ruding Beheer BV
Posts: 0 Comments: 4

Frank is Commenting on

Deutsche Bank teams with airlines on new payments model

  No, there is no money-back guarantee with the PSD2 payment scheme. It will be a real credit transfer, so money taken from the account is money gone. There is an advantage of speed of settlement (bank transaction) and cost (standard credit transfer as opposed to credit card payment) but in my opinion each traveller should be able to select the payment method desired.

08 May 2018 Reply Read article

Retailers eye the potential of Open Banking

  @James, thanks for nuancing my answer. Much appreciated.  @Jan-Olof, I am not very familiar with the impact of PSD2 on cards, so this is interesting info. Currently a lot webshops in NL do have a surcharge for credit card payments and "push" customers to the certain credit transfer through iDEAL. According to what you say this will change. Interesting...

19 Dec 2017 Reply Read article

Retailers eye the potential of Open Banking

  @Ketharaman. I agree with your findings. I also use credit cards due to the reasons you have summed up above. However, the playing field will change drastically if merchants are going to charge the consumer (more) for using the card and thus making the credit transfers cheaper. I see the same change in NL where iDEAL payments are much more preferred over credit cards due to advantages that come with the iDEAL payment. Free delivery, no additional %, etc. 

19 Dec 2017 Reply Read article

PSD2: Laying the regulatory foundation for a new age in payments

  Real-time payments are not part of the PSD2 regulation. Real-time payments are also not mandated from the EBA, but are as far as I know currently optional. PSD2 changes the access to the account where banks have to open up their systems to 3rd party providers. These can then - with the proper consent of the owner of the account - provide additional services. The bank has to open up a standard set of services for free and can charge additional fees for value add they might provide. The conditions of the bank will have to explain - hopefully in clear text - how this works. 

11 Dec 2017 Reply Read article