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
- Citi invests in Cobalt DL
- Blockchain, a bitcoin startup, adds Antony Jenkins to its board of directors
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
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…