Its been another quiet blogging month from me, sorry about that. I have had some household duties, i.e sorting the garden out, to attend to. It’s pretty much done, and I hope to be back regularly blogging soon. In the meantime check out below the top payment news stories from May 2019:
1. Payments News – Cyber Security
- Mastercard partners with Edenred to test what they’re calling the first regional biometric card in Mexico
- International agencies bust the GozNym cyber-criminal gang
- Which? unhappy about delays to the “confirmation of payee” scheme while highlight more people are being tricked into transferring money to criminals
- Financial Services Information Sharing and Analysis Center (FS-ISAC) survey of CISOs (Chief information Security Officer) reveals they’ll be asking for higher cybersecurity budgets
2. Payments News – Mobile Payments
- How to make your own contactless ring from a card
- UK government commits to protecting and ensuring the availability of cash as the digital economy grows
- Card payments overtook cash payments for the first time in Germany
3. Payments News: Blockchain / Digital / Crypto-currencies
- Reuters report on a bank initiative and investment into an entity called Fnality, which will create a blockchain based digital cash system to settle financial transactions
- JPMorgan and Microsoft join forces to make Quorum available through Microsoft Azure Blockchain Service – enabling blockchain networks to be built in the cloud
- Voltron trials a blockchain trade application with over 50 banks and corporates across 27 countries
- BBC reports on Facebook plans to launch its own crypto-currency, “GlobalCoin“
- Bundesbank President Jens Weidmann is not impressed by blockchain
4. Payments News: Banks
- ANZ pauses its agile “New Ways of Working” program to focus efforts on improving the current roll out
- Which? reports on rapidly disappearing Cash Machines
- Centre for Payments releases US survey results
- Bank of America enables CashPro Mobile users to use their Apple Watch to generate their one-time-password
- JPMorgan to buy InstaMed, a healthcare payments company, its biggest acquisition since 2008
- AT Kearney predicts 1 in 10 banks will disappear in the next 5 years
- Kyriba offers a real time payments solution in the US using a JP Morgan API
5. Payments News: Fintech
- IBM and Thomson Reuters join forces with AI and data driven Regtech solution
- Project Libra, a secret Facebook initiative to develop and launch its own Stablecoin
- Facebook chooses London as the city to launch payments via WhatsApp
- Finextra recap Microsoft Build 2019
- US Congress announces Task Forces on Financial Technology and Artificial Intelligence
- Finastra further collaborates with Microsoft, releases new APIs and links up with nbkc bank
6. Payments News: Europe – SEPA, PSD2, Open Banking, GDRP
- Growth Street criticises open banking outages in the first quarter this year
- Finextra cover Day 1 and Day 2 of the developer FusionONE 2019 conference
- According to a Tinks survey, European financial institutions see Open Banking as THE biggest current threat
7. Payments News: SWIFT
- SWIFT looks to recruit 150 IT professionals
- Finextra recap the SWIFT Business Forum Ireland 2019
- SWIFT to test real time cross-border gpi payments using TIPS
- Finextra cover Day 1 and Day 2 and recap the SWIFT Latin American Regional Conference
8. Payments News: Reports
- Bank of Canada & Monetary Authority of Singapore: Enabling Cross-Border High Value Transfer Using Distributed Ledger Technologies
- Willis Towers Watson – Quarterly InsurTech Briefing Q1 2019
- Tech Nation – UK Tech on the Global Stage
- ING Survey – Tech in banking: in strong demand but adopted with care
- ECB – Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures
- Finextra – Overview of NextGen Banking London
- Deutsche Bank – Ultimate Guide to ISO 20022 Migration
That’s it folks! Let me know below if I missed anything important…