Novalnet supports Caritas, a global aid organisation, in their flood disaster relief efforts in Germany with financial aid. This aid is meant for the relief work in federal states affected by intense floods in July 2021.

Open Finance promises to change the way consumers and businesses in Europe use financial services. But what does it mean for you?

The widespread emphasis on dynamic flexibility and interconnected solutions for a post-COVID economic resurgence is indicative of digitalization’s strong influence on global decision making, as well as, its value building abilities in the face of a global challenge. And contactless payment solutions are an important indicator of this.

Reducing payment declines is critical in creating a smoother checkout process, improving sales and creating customer delight. Visual appeal, functionality, and security are crucial touchpoints that businesses have to look at in order to boost payment acceptance.

New laws to counter fraud are coming into effect in the EU. Understand how this impacts your business and your customers

In July 2020, the maximum limit for instant payment transactions will be raised from € 15,000 to € 100,000. This is expected to increase acceptance of real-time transfers and is expected to drive the development of the associated infrastructure.

In February, traders were able to breathe a sigh of relief: the Federal Court of Justice limited liability to platforms. There were also other interesting legal news relating to trademark law and data protection.