The Top Payments News Stories in November 2017

As we draw the curtains on November 2017, i summarised the months noteworthy payments new stories. The main stories that sprint to mind are SEPA instant payments went live on 21st Nov, Bitcoin hit an all time high and the craziness of Single’s Day in China and Black Friday in the US. Check out the following top payments news stories for November 2017:

1. Payments News – Cyber Security

  • Comm Bank enable their customers to use the iPhone X Face Id (facial recognition) technology to access their accounts
  • UK Payment System Regulator sets out to better protect consumers from Authorised Push Payment (APP) scams
  • Barclays warn UK online shoppers that they face the most fraudulent Christmas ever !
  • Anomali report reveals major security trends threatening the UK FTSE 100 companies

2. Payments News – Mobile Payments

3. Payments News: Blockchain / Digital / Crypto-currencies

  • SIA and R3 link up to speed up and promote the adoption of blockchain applications developed by the R3 consortium
  • MAS (Monetary Authority of Singapore) releases a report and source code on distributed ledger prototypes for inter-bank payments
  • American Express and Santander partner to deliver blockchain-based real time cross border payment processing, using RippleNet
  • Ripple CEO, Brad Galinghouse, at the Singapore Fintech Festival talks about opportunity and central banks
  • London Block Exchange (LBX) launches a Visa debit card that allows users spend their digital currencies anywhere across the UK
  • ING introduce data privacy to blockchain through “zero-knowledge range proof” (ZKRP) concept, designed to keep information on a ledger private
  • Bitcoin price rockets to an all time high ($11,300) before dropping to just under $10,000

4. Payments News: Banks

  • VW may apply for a UK banking licence allowing the company to continue offering car loans after Brexit
  • DBS launch the largest banking API developer platform in the world!
  • BNP Paribas rolls out WeChat Pay in France and subsequently in Europe
  • BBVA spearheads Design Thinking principles
  • DBS to move to a cloud based data centre
  • Flux and Barclays partner to trial real time digital receipts
  • Major banks form TruSight, a third party risk assessment company
  • Monzo – the UK challenger bank – implements a tap your debit card on the app activation
  • The bank branch re-imagined by DBS with their “cafe and branch” concept
  • Reuters report on Norwegian banks combining their payment units in preparation for global tech firms wanting to get into the payments space
  • Bank of England, Snapchat and the new £10 note
  • Nordea enables Norwegian bills to be paid via an e-invoice in Facebook Messenger

5. Payments News: Fintech

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

6. Payments News: Europe – SEPA, PSD2

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

7. Payments News: SWIFT

  • Check out Finextra’s coverage of Day 1: Swift Operations Forum Europe 2017
  • Report by SWIFT and BAE Systems - The Evolving Cyber Threat to the Banking Community

8. Payments News: Reports

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

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