The Top Payments News Stories in March 2019

Plenty of payments news stories in March 2019 – from Apple hitting the headlines last month with Apple Card, FIS’s purchase of WorldPay through to the Money20/20 conference in Singapore. Check out below the top payment news stories from March 2019:

1. Payments News – Cyber Security

  • United Nations Security Council report states North Korea is using cyberattacks to transfer money from financial institutions to evade sanctions and prop up its economy
  • Mastercard propose their digital identity vision for an increasingly connected world

2. Payments News – Mobile Payments

  • Natwest to trial biometric/fingerprint debit cards
  • Paypal rolls out Instant Transfer to bank, enabling users to have faster acces o their funds
  • Contactless payments in the UK go from strength to strength, total contactless spend in 2018 was £69 billion, an increase of a third on 2017

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

4. Payments News: Banks

  • Danske Bank implements AI technology to predict IT breakdowns
  • Goldman Sachs chills the dress code
  • Mexico’s Central Bank is in discussions with Amazon about implementing a government backed mobile payments system
  • Bank of England to take action over Visa’s June 2018 outage
  • JPMorgan to open 90 bank branches in the US
  • Parliamentary Select Committee highlights Bank of England compliance inefficiencies, lack of staff diversity and the need to modernise
  • Bank of America’s, virtual financial assistant, Erica passes 6 millions users and completes over 35 million customer requests
  • FCA fine Goldman Sachs for transaction reporting failures
  • TSB brings IT infrastructure responsibilities back in-house
  • Citi to enable customers to make digital payments to financial institutions
  • Standard Bank partners with Amazon Web Services as its preferred cloud providers as the banks embarks on its digital transformation journey

5. Payments News: Fintech

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

  • European Banking Authority (EBA) launches a PSD2 central electronic register of payments/electronic payment institutions and agents within the EU
  • Equens Worldline implements SEPA Proxy Lookup (SPL) service – enabling a truly pan-European solution for secure mobile P2P payments
  • Tink survey reveals 41% of banks missed a 14th March deadline to provide a PSD2 /testing sandbox environment for third party providers

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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