The Top Payments News Stories in April, 2015

There were some recurring payments news themes that dominated the headlines in April 2015 – cyber security, mobile payments and various fintech developments. Interestingly though there were some new stories around ATM’s and a couple of important financial inclusion stories worth catching up on. Unfortunately there were also some bank glitches that caused customers a bit of a headache. For those of you that are interested in SWIFT, there were events in London and Canada. See my top payments news stories for April 2015 below…

1. Payments News – Cyber Security

  • A cybercrime gang, involving Romanian nationals, that stole over $15 million (in 2013) through fraudulent ATM withdrawals globally has been busted
  • Ryanair has fallen victim to a €4.6 million hack attack
  • MasterCard reaches settlement with Target for data breaches in 2013 – Target will pay up to $19 million to eligible banks and credit unions
  • According to the WSJ, China is stopping the implementation of controversial banking-technology rules
  • A WorldPay press release reported that British businesses encountered card fraud every 20 seconds in March 2015
  • City of London Police at the Tech UK Conference claimed that banks hide cyber crime losses

2. Payments News – Mobile Payments

3. Payments News: Digital / Cryptocurrencies

  • Goldman Sachs and IDG Capital Partners invest $50 million in Circle, a consumer finance company
  • Coinbase launches its bitcoin services in the UK
  • BNY Mellon’s CIO talks to the WSJ about Bitcoin

4. Payments News: Bank News

5. Payments News: Financial Inclusion

6. Payments News: Fintech

  • Paypal introduces One Touch payments, previously only available on mobile devices, to the web
  • MasterCard buys cloud based big data analytics company Applied Predictive Technologies (APT)
  • BBVA acquires the San Francisco user experience (UX) and design firm, Spring  Studio
  • Yes Bank, in India, partners with Twitter to send tweets to customers via a missed call
  • BBVA and Dwolla go live with real time payments in the US
  • Alibaba plans launch of a e-commerce stock index and internet bank…

7. Payments News: ATM

  • NCR introduces Kalpana Software which moves ATM software into the cloud…
  • EAST press release highlights a 26% decline in  ATM related fraud incidents but skimming losses increase

8. Payments News: SWIFT

  • The SWIFT Business Forum in London hosted around 1100 delegates to discuss the key themes dominating the industry
  • Announce SWIFTRef API’s enabling the identification and validation of payment data in real time
Go on… either Tweet, or share this post via LinkedIn….!!

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

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