„Fiscalisation: New cash registers for retailers in Germany?“

„Fiscalisation: New cash registers for retailers in Germany?“
Posted on December 10, 2019

Fiscalisation will come into force in Germany on 01.01.2020. The primary objective of this measure is to curb the generation of black money by documenting each transaction that has occurred. In a letter from the Federal Ministry of Finance dated 06.11.2019, it was announced to the contrary that merchants would be granted a further period…

„The SCA launch: a 5-minute instant soup?“

„The SCA launch: a 5-minute instant soup?“
Posted on October 1, 2019 By Ralf Hesse

On 14.09.2019 the martyrdom of European payment diversity in electronic payments began What has happened so far … When the European Commissioners were considering an amendment to the PSD1, which came into force on 1 November 2009, the desire for greater security in electronic payment transactions was one of the driving factors, along with the…

„Status Quo in B2B Payment Transactions: From Desire to Reality“

„Status Quo in B2B Payment Transactions: From Desire to Reality“
Posted on June 18, 2019

While citizens in Germany are consciously or unconsciously using new and innovative forms of payment beyond cash, mobile-only banks and other payment means driven, among other things, by Fintech’s, the use of innovative methods is stalling in other areas of banking. We are talking about the complex subject of corporate banking, here in particular with…

„The OSTHAVEN view of the present & future of Artificial Intelligence in Banking & Payment“

„The OSTHAVEN view of the present & future of Artificial Intelligence in Banking & Payment“
Posted on May 3, 2019 By Tim Danker

Are we really abolishing ourselves?   The topic of artificial intelligence (AI) has been discussed so often in recent days. The German government plans to spend several billion Euros to make Germany fit and to keep up the pace in the dramatically increasing competition of R&D within the field of AI. Companies from Silicon Valley…

„Curse or blessing – from the (mis)understanding between banks and FinTechs“

„Curse or blessing – from the (mis)understanding between banks and FinTechs“
Posted on February 6, 2019 By Simon Lammerding

Banks and FinTechs are now in reality?  Banks and FinTechs, not so long ago still like fire and water, have apparently arrived in reality in the meantime. The FinTechs are increasingly looking for supporters for their own ideas and find these more and more in the banking environment, because here too a fundamental rethinking has…

„Quo vadis foreign payment transactions?“

„Quo vadis foreign payment transactions?“
Posted on November 11, 2018 By Simon Lammerding

New providers are pushing into a market dominated previously by banks So far, banks in particular have assumed that foreign payment transactions are a monopoly of the banks. Until now, it has been complicated and time-consuming to provide this service. For cross-border money transfers, correspondent banks are required for the various target markets and sometimes already…

„Bank diversity in the conflict between innovation and economic efficiency“

„Bank diversity in the conflict between innovation and economic efficiency“
Posted on November 6, 2019 By Simon Lammerding

Continuous decline in the number of German banks and savings banks According to the German Bundesbank, there were 1,823 credit institutions (banks and savings banks) in Germany at the end of 2017; compared with 2007, this represents a reduction of almost 20 percent. According to the Savings Banks Association, the number of savings banks alone…

„Options for PSD2 implementation“

„Options for PSD2 implementation“
Posted on August 28, 2019 By Simon Lammerding

Although in force since January of this year, in the eyes of many PSD2 will only become really relevant and complex with the final entry into force of the RTS (Regulatory Technical Standards for PSD2) on 14th September 2019. In addition to Strong Customer Authentication (this is worth a separate contribution…), the RTS will above…

„3D Secure 2.0 – Facelift or Quantum Leap?“

„3D Secure 2.0 – Facelift or Quantum Leap?“
Posted on February 3, 2019 By Ralf Hesse

The new generation of cardholder authentication “3D Secure 2.0” 3D Secure has often been (and still is being) promoted as the magic miracle cure, which should cure the misery of default on the merchant side. Initiated by VISA in the early years of this millennium and prominently placed as said miracle cure, however, the teething…

„The Future in Banking & Payment“

„The Future in Banking & Payment“
Posted on May 7, 2018 By Simon Lammerding

Trends come and go – this also applies to payment transactions. The drivers of innovation are often technological progress, regulations, costs and the customer. But what are the latest developments and research in this area? An OSTHAVEN perspective on the future in banking and payment. Now, be honest, how many different passwords do you actually…

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