The Top Payments News Stories in May 2019

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

8. Payments News: Reports

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

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