The Top Payments News Stories in April 2019

Let me start off by apologising for laying low and hardly posting in April 2019. I see a lot of folks visiting the blog and sharing posts, this motivates me and i truly appreciate your support. I look forward to sharing stuff that i have learnt about with you in May. In the meantime, this recap helped me get up to speed with the top Payments news stories in April 2019. Check out below the top payment news stories from April 2019:

1. Payments News – Cyber Security

  • Banco Santander introduces in-app fraud warnings to help customers better protect themselves
  • European Association for Secure Transactions (EAST) report the increasing number of ATM physical attacks in Europe
  • European Supervisory Authorities provide advice on the costs and benefits of a cyber resilience testing framework
  • Payee name check will not be implemented till 2020 according to the Telegraph

 2. Payments News – Mobile Payments

  • Visa unveils Visa Next, its platform of beta APIs allowing developers to build new payment products for digital first customers
  • Sainsbury’s trials a mobile first and check-out/till free store at Holborn Circus
  • Amazon launches peer to peer payments in India leveraging the country’s Unified Payments Interface (UPI)

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

  • World Bank reviews cross border payments and the role of distributed ledger technologies
  • The International Association for Trusted Blockchain Applications (INATBA) is established during European Commission meetings
  • Jaguar Land Rover is testing “Smart Wallet” technology enabling drivers to earn cryptocurrency and make payments on the go

4. Payments News: Banks

  • Banco Santander to invest over €20 billion EUR in digital transformation and platform strategy over the next 4 years
  • Deutsche Bank and Serrala launch instant payments API for corporate SAP users
  • JP Morgan launches SEPA Instant payments in Europe
  • Halifax mobile app is remarkably like the apps provided by Monzo and Starling
  • TSB to refund recent fraud victims

5. Payments News: Fintech

  • FIS Core on Demand to enable financial institutions to launch a digital banking service in 90 days
  • Facebook close down Messenger P2P Payments in UK and France
  • Digital bank N26 to open a technology and innovation centre in Vienna
  • Vocalink partners with Saudi Payments to launch real time payments in Saudi Arabia
  • FIS and Visa partner, enabling FIS to access Visa B2B Connect to improve the cross border payments experience for corporate customers
  • Innovate Finance Global Summit (IFGS) launches UK FinTech Week 2019

6. Payments News: Europe – SEPA, PSD2, Open Banking, GDRP

  • European Commission establishes a European Forum for Innovation Facilitators (EFIF)
  • Deutsche Bundesbanks Burkhard Balz – “Europe needs to get off the sidelines”
  • Brexit and the implications on fintech talent
  • Finextra talks to Open Banking Implementation Entity (OBIE) about Open Banking 15 months on…
  • European Commission accept commitments by Mastercard and Visa to cut their interchange fees for European payments made by cards issued elsehwhere

7. Payments News: SWIFT

8. Payments News: Reports

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

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