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European Payments Initiative
The European Payments Initiative (EPI), previously known as the Pan-European Payments System Initiative (PEPSI), is a European Central Bank-backed payment-integration initiative aiming to create a pan-European payment system and interbank network to rival Mastercard and Visa, and eventually replace national European payment schemes such as France's Carte Bancaire and Germany's Girocard. It is supported by the European Commission, and currently comprises fourteen major European banks and two acquirers (including all the major French banks, Deutsche Bank in Germany.) First attempt The idea of introducing a pan-European card scheme within the Single Euro Payments Area was born around 2008. In 2010, major European banks from more than ten countries met at the "Madrid Symposium" to discuss the initiative and make plans to take it forward. By 2011, the Monnet Project had developed detailed technical and business plans for the merger of national payment schemes. By then, it inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Euro Payments Area
The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. , there were 36 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom. Some microstates participate in the technical schemes: Andorra, Monaco, San Marino, and Vatican City. SEPA covers predominantly normal bank transfers. Payment methods which have additional optional features or services, such as mobile phone or smart card payment systems, are not directly covered. However, the instant SEPA payment scheme facilitates payment products also on smart devices. Goals The aim of SEPA is to improve the efficiency of cross-border payments and turn the previously fragmented national markets for euro payments into a single domestic one. SEPA enables customers to make cashless ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CaixaBank
CaixaBank, S.A. (), formerly Criteria CaixaCorp, is a Spanish multinational financial services company. CaixaBank is based in Valencia, with operative offices in Madrid and Barcelona, Spain. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35. The company consists of the universal banking and insurance activities of the La Caixa group, along with the group's stakes in the oil and gas firm Repsol, the telecommunications company Telefónica and its holdings in several other financial institutions. History The firm was formed in 2007 as Criteria CaixaCorp, a publicly traded vehicle for La Caixa's shareholdings and investments in both industrial and financial services companies. At the time of its 2007 debut, the Criteria CaixaCorp initial public offering wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TARGET2
TARGET2 (Trans-European Automated Real-time Gross Settlement Express Transfer System) is the real-time gross settlement (RTGS) system for the Eurozone, and is available to non-Eurozone countries. It was developed by and is owned by the Eurosystem. TARGET2 is based on an integrated central technical infrastructure, called the Single Shared Platform (SSP). SSP is operated by three providing central banks: France (Banque de France), Germany (Deutsche Bundesbank) and Italy ( Banca d'Italia). TARGET2 started to replace TARGET in November 2007. TARGET2 is also an interbank RTGS payment system for the clearing of cross-border transfers in the eurozone. Participants in the system are either direct or indirect. Direct participants hold an RTGS account and have access to real-time information and control tools. They are responsible for all payments sent from or received on their accounts by themselves or any indirect participants operating through them. Indirect participation means that pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payconiq
Payconiq International S.A. is a Luxembourg-based company developing a mobile payment and payment processing platform, active in Belgium and Luxembourg. The company had the initial support of ING Bank, which was joined later by Belgian banks KBC Bank and Belfius, and launched its first minimum-viable product in Belgium, in 2015. The company will discontinue its services in the Netherlands on 1 January 2022. What started as a mobile payment app is today a fully-fledged platform offering multi-country payment solutions in Benelux, through different types of integration: stand-alone apps, bank app integrations and more. Luxembourg Payconiq International has established its headquarters in Luxembourg through the acquisition of the Luxembourgish fintech startup Digicash Payments, in 2017. In 2019, the company has received itPayment Initiation Servicelicense from the Luxembourgish regulatoCSSFand some extra financing from its shareholders, amounting to EUR 20 million. In 2020, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bancontact Payconiq Company
Bancontact Payconiq Company was formed following the merger of Bancontact Company and Payconiq Belgium. The company is the Belgian market leader in financial services. Company headquarters are in Brussels, Belgium. History In March 2018 the companies declared their intention to merge with each other. The merger was finalized in July. Nathalie Vandepeute became the CEO. In August, the company got a capital injection from its five major shareholders from 17 to more than 32 million euros. In January 2019 the company merged its payment applications called "Bancontact" and "Payconiq" into an app called "Payconiq by Bancontact". The app is supported by 20 Belgian banks and 290.000 Belgian stores. Next to the app, the company issues debit cards under the "Bancontact" branding that can be used in physical stores and online. Bancontact Payconiq is a member of the European Mobile Payment Systems Association The European Mobile Payment Systems Association (EMPSA) is an association that a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UniCredit
UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Milan and Frankfurt stock exchanges, is a constituent stock of the Euro Stoxx 50 index of leading shares. With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets (Italy, Germany as HypoVereinsbank, Austria as Bank Austria and eleven Central and Eastern European countries. History Founding through mer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. From 1966 to 2003 it was known as one of the ''Trois Vieilles'' ("Old Three") major French commercial banks, along with Banque Nationale de Paris (from 2000 BNP Paribas) and Crédit Lyonnais. History 19th Century The bank was founded by a group of industrialists and financiers during the Second Empire on May 4, 1864. Its full name was ''Société Générale pour favoriser le développement du commerce et de l'industrie en France'' ("General Company to Support the Development of Commerce and Indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Santander
Banco Santander, S.A., doing business as Santander Group (, , Spanish: ), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by Financial Stability Board. Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In May 2016, Santander was ranked as 37th in the Forbes Global 2000 list of the world's biggest public companies. Santander is Spain's largest bank. Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea, daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KBC Group
KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank (KB), the cooperative , ABB Insurance, and Fidelitas Insurance. The acronym KBC refers to KredietBank and CERA. KBC Group is one of Belgium's major companies and the second largest bancassurer in the country. As of late 2020, it was the 15th largest bank in Europe by market capitalisation and a major financial player in Central and Eastern Europe, employing some 41,000 staff (of which more than half in Central and Eastern Europe) and serving 12 million customers worldwide (some 7 to 8 million in Central and Eastern Europe). KBC is a Forbes Global 2000 company. The group is controlled by a group of core shareholders, and has a free float of approximately 60%. The core shareholders include KBC Ancora, a listed company controlled by CERA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DZ Bank
DZ Bank AG () is the second largest bank in Germany by asset size and the central institution for around 800 cooperative banks and their around 8,500 branch offices. Within the German Cooperative Financial Group, which is one of Germany's largest private sector financial service organizations, DZ Bank functions both as a central institution and as a corporate and investment bank. DZ Bank is an acronym for Deutsche Zentral-Genossenschaftsbank (literally "German Central Cooperative Bank"). As a holding, the DZ Bank Group defines itself primarily as a service provider for local cooperative banks and their 30 million or so clients. The DZ Bank Group includes: DVB Bank, a transportation finance bank; Bausparkasse Schwäbisch Hall, a building society; DZ HYP (), a provider of commercial real estate finance; DZ Privatbank Gruppe; R+V Versicherung, an insurance company; TeamBank, a provider of consumer finance; Union Investment Group, an asset management company; VR Leasing; an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutscher Sparkassen- Und Giroverband
The Deutscher Sparkassen- und Giroverband (DSGV, ) is the association of German savings banks (german: Sparkassen) and the apex entity of the Sparkassen-Finanzgruppe, the European Union's second-largest financial services group (after BNP Paribas) with 2.4 trillion euros combined assets as of end-2021. Germany's savings banks, owned by local governments, play a major role in the country's economy, together operating some 15,860 branches and employing about 284,800 people. History German savings banks started organizing on a regional basis in the 1870s and early 1880s, e.g. the , est. 1881. The first national conference of savings banks (german: Deutscher Sparkassentag) was held in 1882. on , the first national umbrella organization was established as the in Dortmund. In 1892, it was agreed that the would be an "association of associations" whose members would not be individual savings banks, but rather regional associations thereof (german: Sparkassenverbände). By 1911, fiftee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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