The Top Payments News Stories in July 2017

I’m sorry for the lack of posts recently, i will get back on it this month. And let’s kick off with the big payments news stories over the last month. Check out the following top payments news stories that caught my eye during July 2017:

1. Payments News – Cyber Security

2. Payments News – Mobile Payments

  • One billion pay as you go journeys have been made on London’s transport network, contactless payments are up from 25% to 40% of all pay as you go journeys
  • UK card payments overtake cash for the first time, with debit cards most popular
  • PayPal partners with Citi (enabling cardholders to use their points with PayPal merchants) and JPMorgan Chase (allowing bank customers to link their accounts to Paypal)overtake cash
  • Card payments, not cash, are king in Australia

3. Payments News: Digital / Crypto-currencies

  • BNP Paribas and SmartAngels develop a share register management tool using blockchain
  • The FundsDLT platform platform was used to complete a fund distribution based blockchain transaction
  • Enterprise Ethereum Alliance becomes biggest open-source blockchain alliance
  • Alexander Vinnik operator of a bitcoin exchange is arrested in Greece
  • EuroClear and a US startup (Paxos) providing services for the London gold market have broken up

4. Payments News: Banks

  • UK Finance – a body representing various groups – will speak on behalf of the British finance industry
  • Nordea use AI to give customers a speedier response
  • Bank of England Fintech Accelerator conducts a number of Proofs of Concept
  • Man trapped in a ATM and a crazy ATM raid!
  • Goldman Sachs eases dress code
  • Barclays invests in Payments As a Service firm, Form3
  • Bank of England to grant non-bank payment service providers access to RTGS
  • Citi along with other major global banks is expected to make Frankfurt its post-Brexit European Union base
  • European Commission launches consultation to make cross border payments cheaper
  • UniCredit begins testing pan-European instant payments in readiness for a November 2017 go live
  • Kakao Bank – a Korean digital only banks – attracts over a million accounts in 5 days
  • BBVA digital sales almost hit a million in just a month

5. Payments News: Fintech

  • Finextra’s live blog nicely rounds up Day 1 and Day 2 at the SAP Financial Services Forum
  • Open Banking launches specifications for Account Information and Payment Initiation APIs
  • Santander’s Fintech Fund named as the most active bank backed fintech corporate venture by CB Insights
  • A pilot to test digital identity for banking has been announced
  • Visa give small businesses incentive to go cashless
  • European Payments Council (EPC) prepares for the SEPA Instant Credit Transfer (SCT Inst)
  • Mastercard invests in artificial intelligence outlet Brighterion
  • German fintech firm, FinLeap, raises € 39M in a funding round
  • Acquisitions and deals in the Payments space hot up
  • A US firm will implant their employees with RFID (radio frequency identification) chips
  • Santander continue to collaborate with fintech companies, this time with BiBox
Thanks for stopping by – Take a look around…!!

6. Payments News: SWIFT

  • SWIFT announces that 22 additional banks will join the founding 6 banks on the SWIFT GPI Blockchain Proof of Concept
  • Global corporates give SWIFT gpi a boost

7. Payments News: Reports

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

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