The Top Payments News Stories in December, 2016

This months post of the top Payments News stories is a little earlier than normal. While it is fresh i wanted to capture the key payments related stories that hit the headlines in December. Check out the following top payments news stories for December 2016:

1. Payments News – Cyber Security

  • Avalanche cloud computing network is dismantled in a global collaborative cyber operation
  • CNN and Reuters report on cyber attacks at the Russian Central Bank
  • Newcastle University report on how easy it is for fraudsters to hack Visa credit and debit cards
  • Fake credit card factory uncovered in London
  • Which! accuses Payment System Regulator of letting banks off the hook
  • JP Morgan hacker is arrested in New York
  • The FT reports on how Tesco Bank left customers vulnerable by issuing sequential debit card numbers

2. Payments News – Mobile Payments

  • AliPay signs deal to expand into Europe
  • N26 expands to 17 countries across Europe
  • Barclaycard launches Pay @ Pump contactless beer!
  • Visa and Mastercard sign a tokenisation deal

3. Payments News: Digital / Crypto-currencies

4. Payments News: Banks

  • The BBVA board of directors meet in San Francisco
  • Finextra at the annual Russian-British Business Forum in London report on how UK banks are falling behind their Russian counterparts
  • UniCredit to shed 14,000 jobs and revamp the bank

5. Payments News: Fintech

  • Finextra report on Mobey Day in Toronto – from augmented intelligence to mobile wallets
  • Citi Fintech group launches Citi Mobile App for iPhone
  • European Banking Authority (EBA) expresses concerns for the delivery of the Regulatory Technical Standards (RTS) for the revised Payments Services Directive (PSD2)
  • Payment Systems Regulator (PSR) proposed changes to the way payment systems infrastructures are procured and provided
  • The OCC (Office of Comptroller of the Currency) issues a paper to consider granting a special purpose national bank charter to a fintech company
  • Financial Innovation Now (FIN) call on Trump to promote innovation in financial services
  • Australian Securities and Investments Commission – ASIC – releases licensing exemption for fintech businesses
Thanks for stopping by – Take a look around…!!

6. Payments News: SWIFT

  • Reuters report on further cyber attacks on SWIFT since the Bangladesh heist in February 2016

7. Payments News: Reports

  • DBS and EY report on “The Rise of Fintech in China”
  • Research Paul Hastings shows non-cash payments in the US and UK to soar by 2026
  • Mastercard report on Financial exclusion in Europe

8. Payments News: 2016 Review

  • Chris Skinner comments on 2016 and provides a nice month by month summary of all the key highlights
  • Zerohedge give a pretty cool market related overview of 2016
  • Finextra provide a cool review of 2016

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

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