The Top Payments News Stories in June 2017

June has been a crazy month for me, and as a result i have not been writing so much. Anyway, this months payments news recap was a good opportunity to catch up and see what has been happening. And what a month! Check out the following top payments news stories that caught my eye during June 2017:

1. Payments News – Cyber Security

  • Another credit card breach at Kmart Stores
  • An overview of the Petya ransomware attack and a interesting theory
  • Fico survey reveals European card fraud for 19 countries hit €1.8 billion in 2016

2. Payments News – Mobile Payments

  • Apple to launch a Venmo competing payments service
  • WorldPay trial a software only card payment mPOS (mobile point of sale) – allowing small businesses to take card payments using their smartphone!
  • UK Cards Association report on how card payments in the UK have more than doubled in the last 10 years

3. Payments News: Digital / Crypto-currencies

  • AIG, IBM, Standard Chartered pilot a blockchain based insurance policy
  • Barclays UK CEO talks to CNBC about blockchain
  • IBM announce the joining forces of 7 banks within the Digital Trade Chain Consortium

4. Payments News: Banks

  • HSBC to launch robo-advisory online investment advisory service
  • HSBC launch a social network for businesses
  • BBVA talks about the digital transformation of the bank at MoneyConf 2017
  • Lloyds Bank sign up IBM in a £1.5 billion IT outsourcing deal
  • Natwest establishes digital centre of excellence studio in Bristol
  • Nationwide survey: The Future of Payments
  • Bank of England director, James Proudman, spoke at the British Bankers Association on ring-fencing – Putting Up a Fence
  • BBVA head of marketing, Rob Brown, speaks about the importance of user experience (UX)
  • ECB will develop a service for the settlement of instant payments – TIPS – TARGET Instant Payment Settlement
  • Barclays celebrates the 50th anniversary of the ATM
  • BBVA signs agreement allowing Chinese  visitors to use AliPay to Spain
  • EBA responds to the European Commission intention to amend the EBA Technical Standards for open and secure electronic payments under the PSD2

5. Payments News: Fintech

Thanks for stopping by – Take a look around…!!

6. Payments News: SWIFT

  • Finextra cover the SWIFT Business Forum in New York
  • EastNets to implement artificial intelligence and machine learning to detect and act on dodgy SWIFT payments
  • SWIFT to offer 200,000 EUR incentive to the Fintech community to build upon the GPI platform

7. Payments News: Reports

That’s it folks! Let me know below if I missed anything important…

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