Klarna Takes Disruption to the Banks in Europe

Payments
Klarna Takes Disruption to the Banks in Europe
Payment Facilitator Mobile Business Compliance Security Payments Industry
Klarna Takes Disruption to the Banks in Europe
Stockholm-based Klarna has secured a banking license from the Swedish Financial Supervisory Authority.

With this license, the company can operate as a bank across the European Union. And according to Klarna, securing the license makes it one of Europe’s largest banks right out of the gate, with 60 million customers.

The company sees itself as a formidable competitor to Europe’s banks.

Airbnb Embraces Better KYC with Trooly Purchase

Payments
Airbnb Embraces Better KYC with Trooly Purchase
Payment Facilitator Mobile Business Compliance Security Payments Industry
Airbnb Embraces Better KYC with Trooly Purchase
This may come as a surprise to some, but people who use Airbnb aren’t always on the up-and-up.

Despite the home-sharing marketplace’s efforts to keep fraudulent listings and other bad behavior off the site, scams still make headlines. The company is apparently hoping that technology can help.

Wirecard Offers Omnichannel in SE Asia

Payments
Wirecard Offers Omnichannel in SE Asia
Payment Facilitator Mobile Business Compliance Security Payments Industry
Wirecard Offers Omnichannel in SE Asia
Businesses that have embraced the payment facilitator model often do so because they recognize the need to simplify the complex business of payments for their merchant clients.

They understand how important it has become to integrate payments into a merchant’s offerings in a flexible way that helps them serve their customers. A natural extension of that is the omnichannel approach – enabling the merchant to seamlessly connect with customers through both digital and in-person touchpoints.

Stripe Expands in Europe, MobiKwik Raising Funds: News Roundup

Payments
Stripe Expands in Europe, MobiKwik Raising Funds: News Roundup
Payment Facilitator Mobile Business Compliance Security Payments Industry
Stripe Expands in Europe, MobiKwik Raising Funds: News Roundup
In this week’s news roundup, Stripe expands and the agreements forged between PayPal and the card networks continue to deliver new features.

Leading payment facilitator Stripe said in a blog post that it has fully launched in six new European countries. Now businesses in Germany, Austria, Switzerland, the Netherlands, Belgium, and Luxembourg have access to all of Stripe’s products.

Localizing Transactions Key to Attracting International Shoppers

Payments
Localizing Transactions Key to Attracting International Shoppers
Payment Facilitator Mobile Business Compliance Security Payments Industry
Localizing Transactions Key to Attracting International Shoppers
A study released by shipper UPS earlier this month concluded that today’s U.S. online shoppers are more likely than before to make purchases from international retailers, and more likely to buy from online marketplaces.

What does this trend mean for the merchants looking to attract those shoppers – and the payment facilitators enabling their payments?

Wirecard Enables Payments for Subscription-Based Site in Turkey

Payments
Wirecard Enables Payments for Subscription-Based Site in Turkey
Payment Facilitator Mobile Business Compliance Security Payments Industry
Wirecard Enables Payments for Subscription-Based Site in Turkey
Munich-based payments processor Wirecard continues to expand its global reach, this time with a new partnership in Turkey.

Wirecard Turkey recently announced that it is enabling payments for Istanbul-based Startsub, operator of the web site Aydanaya.com.

New Directive Further Expands Opportunity for India PFs

Payments
New Directive Further Expands Opportunity for India PFs
Payment Facilitator Mobile Business Compliance Security Payments Industry
New Directive Further Expands Opportunity for India PFs
India’s push to digitize financial transactions and remove cash from its payment systems continues.

The government’s latest instructions focus on a specific vertical, potentially expanding opportunity for payment facilitators and other payment providers in India.

5 Secrets Behind Apstra’s Intent-Based Networking Success

Networks
5 Secrets Behind Apstra’s Intent-Based Networking Success
Apstra Blog
5 Secrets Behind Apstra’s Intent-Based Networking Success

 Apstra pioneered the use of intent-based reasoning for network operators.  Now, intent-based-everything has become all the rage, with widespread analyst acclaim and lots of vendors jumping on the bandwagon.

Over the past 3+ years in the business, we think we’re getting the hang of what it means to create real value from intent-based technology. We’ve deployed in the world’s largest service providers and enterprises. We have learned from customers in multiple vertical markets including tech, finance, media, insurance, manufacturing, mobility, services, oil and gas, etc. It seems like everybody is engaging and learning to benefit from intent-based network systems.

Schedule a 1:1 meeting and demo with our team at Cisco Live 

Our take-away is that it’s less about the underlying technology, and much more about how it is applied. Here are five ways Apstra has applied intent-based reasoning to networking.

Number 1: Infinite visibility.  By this we mean the ability to define and collect any type of telemetry from thousands of devices on demand. A few lines of code is all it takes. See any data from any device, any vendor, any time, all at once.  Normalize your data for consumption throughout the organization. It sounds a little hyperbolic no matter how we write it, but it’s true.

Number 2: We work with your intent, not ours. Vendors cannot foresee what data you choose to collect. Vendors cannot define the intent model for each metric. Only you can. If our experience makes anything clear, it’s that intent, when baked into a solution designed by a supplier, nearly always reflects only the supplier’s intent. Not yours. Telemetry and intent are not canned things. Expect the telemetry you choose to collect, as well as the intent-based reasoning you apply to it, to change a lot.

3) Multi-dimensional workflow. When you know what’s actually happening in a system, and you know what should be happening, you have the knowledge to confidently operate things. Natural workflows fall directly out of this knowledge; operations, troubleshooting, configuration and inventory management, documentation and compliance, design, etc. When combined, all these workflows form a kind of reference design for everything you do.  We get you started with a lot of it, but again, workflow is yours – not ours (think Salesforce; works out of the box, but continuously customized by customers).

4) Multi-vendor, multi-system solution. Building an intent-based reasoning system to operate a box built by one vendor is just not that interesting. It’s more interesting to use intent to operate a complex system with lots of parts from lots of suppliers. For example, consider a self-driving car; all the intent a car needs is the address of your destination. It doesn’t ask the passenger their intent on how to operate a lot of separate sub-systems like the transmission, steering control, engine or tires. One system should service all types of devices from all vendors.  And as for your network, we don’t know what devices you want to operate, who your selected vendors are, or how you choose to assemble things.  We give you the tools to operate your entire network your way.

5) Respect your legacy as well as the future. Existing equipment and applications do not just go away because of a new telemetry and reasoning strategy.  We need to instrument all the old stuff too.  We need to support old L2 applications, old topologies, and old switches (think IOS, Junos, and all the stuff that you currently support with SNMP). Intent-based operation is never the reason you need to buy something new.  Intent-based reasoning is an important tool to help you operate your complex network, with lots of equipment, both old and new.

So I guess our perspective comes down to this: intent-based reasoning technology is really cool. But value comes from how you apply it, not how you buy it.

EMV on the Go, Visa Ready for Business: News Roundup

Payments
EMV on the Go, Visa Ready for Business: News Roundup
Payment Facilitator Mobile Business Compliance Security Payments Industry
EMV on the Go, Visa Ready for Business: News Roundup
This week, simplicity and convenience – whether that means shopping from the comfort of home, paying wherever you are or just having the ability to use your preferred method – are at the center of much of the payments industry news.

Paytm has expanded on its use of QR codes to bring online and offline together for small merchants, Visa has launched a new program aimed at its partners in B2B, and Amazon hit a milestone.

Japan Looking to Double Digital Payments

Payments
Japan Looking to Double Digital Payments
Payment Facilitator Mobile Business Compliance Security Payments Industry
Japan Looking to Double Digital Payments
The technology news from Asia often talks about how likely consumers there are to embrace mobile technology, particularly payments.

Those stories often refer to places like China, where adoption rates are significantly higher than in the U.S., for example.

But Japan appears to be a different story.