The Top Payments News Stories in December 2018

As 2018 draws to a close, here are the top payments news stories in December and some recaps of the year too. It’s been quite a year and for those of you that have followed this blog i would like to thank you for your support and wish you a Happy and Healthy 2019.

Check out below the top payment news stories that caught my eye in December 2018:

1. Payments News – Cyber Security

2. Payments News – Mobile Payments

  • PPRO Group and Mastercard hook up to roll out its Pay by Bank app to UK merchants
  • RBR Report indicates global ATMs installed globally will drop from a peak (3.28 million) in 2017 to 3.23 million by end of 2023

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

  • R3 launch Corda Settler, enabling payments originating on the Corda platform to be made through any payment systems – Ripple’s XRP is the first cryptocurrency to be supported
  • Porsche and BBVA complete a acquisition loan using blockchain technology
  • Blythe Masters steps down as CEO of Digital Asset Holdings

4. Payments News: Banks

  • Federal Reserve along with four other regulatory bodies publish joint statement calling for the exploration of innovative solutions to Bank Secrecy Act/anti-money laundering (BSA/AML) compliance obligations
  • Citi talk at the EMEA Media Summit about removing legacy tech with new-tech such as AI, big-tech and the cloud
  • HSBC launch “My Investment” – an online (robo) investment advisory service
  • BBVA talk about the BigTech and the battle over data

5. Payments News: Fintech

  • Mastercard and Microsoft work together to further advance innovations in digital identity
  • TD Ameritrade joins forces with Tencent, offering WeChat to US users to check market data and other features
  • IBM Services will be the global implementation partner for Vault, a cloud native banking platform provided by Thought Machine
  • At Fintech Connect, Finextra cover:
  • Revolut get a European Banking Licence
  • Vocalink and CCE partner to introduce 24/7 real time payments, bulk payments and cheques in Peru
  • Vipps (Norway) and ePassi (Finland) will use the AliPay QR code standard as they implement QR Code payments

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

  • Accenture research reveals most large banks in Asia believe Open Banking will be a key strategic initiative in the region enabling  double digit growth
  • Nordea launch Instant Reporting API
  • European Commission agrees to make Euro cross border payments cheaper across the entire European Union

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7. Payments News: SWIFT

  • SWIFT initiate SWIFT gpi pre-validation pilot to reduce payment errors with 14 banks, including BBVA
  • After 7 years SWIFT CEO Gottfried Leibbrandt will step down at the end of June 2019

8. Payments News: Reports

9. 2018 Round Up

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

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