BNP Paribas Unveils Tap to Pay on iPhone for French Businesses

BNP Paribas has announced the upcoming launch of Tap to Pay
on iPhone. This feature will enable merchants to accept various payment
methods, including physical debit and credit cards, Apple Pay, and other
digital wallets, solely through their iPhone and the AXEPTA BNP Paribas app.

New Payment Feature from BNP Paribas for Transactions

The development eliminates the necessity for traditional
card readers or additional hardware, streamlining the payment process for
businesses and customers alike. Tap to Pay on iPhone is slated to be rolled out
by BNP Paribas
in the coming weeks and will be fully compatible with the primary payment
schemes prevalent in France.

Notably, it will support Cartes Bancaires, the
predominant payment scheme responsible for over half of the daily transactions
in the French market. Additionally, compatibility with international schemes
such as Visa and Mastercard
will enhance the accessibility of Tap to Pay on iPhone.

— Financial IT (@financialit_net) March 28, 2024

Embracing Solutions for Driving Efficiency in Financial
Transactions

BNP
Paribas and NatWest have recently adopted CobaltFX’s Dynamic Credit
, a
state-of-the-art solution aimed at enhancing credit allocation for foreign
exchange (FX) transactions. Developed by United Fintech ‘s CobaltFX, this
technology simplifies processes and provides improved market access and
control. Both BNP Paribas and NatWest, longstanding partners of CobaltFX, have
significantly escalated their engagement by implementing Dynamic Credit, the
latest innovation from CobaltFX.

This move reflects broader industry trends
where financial institutions are increasingly recognizing the importance of
optimizing credit allocation for FX trades. By embracing innovative digital
solutions like Dynamic Credit, institutions seek to improve market stability
and manage credit exposure more efficiently.

Earlier, BNP
Paribas expanded its partnership with Worldline to combat IBAN fraud
in
SEPA Direct Debits (SDD) transactions. Utilizing Worldline’s open banking-based
account validation technology, the collaboration aims to reduce fraudulent use
of IBANs during the SDD mandate signature process, which accounts for over 60%
of fraud in direct debits according to a report by the Bank of France.

BNP Paribas has announced the upcoming launch of Tap to Pay
on iPhone. This feature will enable merchants to accept various payment
methods, including physical debit and credit cards, Apple Pay, and other
digital wallets, solely through their iPhone and the AXEPTA BNP Paribas app.

New Payment Feature from BNP Paribas for Transactions

The development eliminates the necessity for traditional
card readers or additional hardware, streamlining the payment process for
businesses and customers alike. Tap to Pay on iPhone is slated to be rolled out
by BNP Paribas
in the coming weeks and will be fully compatible with the primary payment
schemes prevalent in France.

Notably, it will support Cartes Bancaires, the
predominant payment scheme responsible for over half of the daily transactions
in the French market. Additionally, compatibility with international schemes
such as Visa and Mastercard
will enhance the accessibility of Tap to Pay on iPhone.

— Financial IT (@financialit_net) March 28, 2024

Embracing Solutions for Driving Efficiency in Financial
Transactions

BNP
Paribas and NatWest have recently adopted CobaltFX’s Dynamic Credit
, a
state-of-the-art solution aimed at enhancing credit allocation for foreign
exchange (FX) transactions. Developed by United Fintech ‘s CobaltFX, this
technology simplifies processes and provides improved market access and
control. Both BNP Paribas and NatWest, longstanding partners of CobaltFX, have
significantly escalated their engagement by implementing Dynamic Credit, the
latest innovation from CobaltFX.

This move reflects broader industry trends
where financial institutions are increasingly recognizing the importance of
optimizing credit allocation for FX trades. By embracing innovative digital
solutions like Dynamic Credit, institutions seek to improve market stability
and manage credit exposure more efficiently.

Earlier, BNP
Paribas expanded its partnership with Worldline to combat IBAN fraud
in
SEPA Direct Debits (SDD) transactions. Utilizing Worldline’s open banking-based
account validation technology, the collaboration aims to reduce fraudulent use
of IBANs during the SDD mandate signature process, which accounts for over 60%
of fraud in direct debits according to a report by the Bank of France.