The Top Payments News Stories in October, 2015 1

This is a bumper edition of Payments News in October 2015. What an incredible month..! From a European perspective PSD2 was rubber-stamped, there were Payments Reports galore, countless fintech related stories, IPO’s broke records and there was Sibos. As i tracked through the month, i was amazed at the number of cyber-attacks too – worryingly there were simply too many to report, so i indicated a cross section. All of these payments news stories outline the abundance and buzz of activity in the industry right now. These are exciting times, friends.

Check out the following top payments news stories for October 2015…

1. Payments News – Cyber Security

2. Payments News – Mobile Payments

  • Swatch announced “pay by the wrist” watch in China
  • Starbucks switches payment processing from Square to JP Morgan
  • Is Sweden set t be the worlds first cashless society…?
  • Mobile payment usage in North America remains flat in North America according to a Accenture Digital Payments survey
  • Apple Pay will be coming to Canada and Australia this year, with Spain, Singapore and Hong Kong planned for next year
  • MasterCard launched a program to convert devices into payment devices

3. Payments News: Digital / Crypto-currencies

  • American Express Ventures invests in the digital start up – Abra
  • European Court of Justice rules that bitcoin is VAT exempt
  • The UK government is to invest £10 million to understand distributed ledger technology
  • Barclays cosy up with Hyperledger – a decentralised ledger platform – winners of the SWIFT Innotribe Start Up Challenge

4. Payments News: Banks

  • Payments UK analysis forecasts payment volumes leading up to 2024
  • Deutsche Bank’s Henry Ritchotte will set up a new Deutsche Bank digital bank
  • Barclays had an IT glitch affecting mobile banking and ATM withdrawals
  • HSBC launches a Singapore based innovation lab
  • The FT reported that Deutsche Bank will “rip out” their “messy and outdated technology”

5. Payments News: Fintech

  • Citigroup launches Citi FinTech division focusing on mobile banking services
  • Mayor of London will head to Japan on a trade mission with a focus on captial’s financial technology, FinTech, sector
  • Square files statements for proposed IPO
  • The World Wide Web Consortium (W3C) launches a web payments working group to increase online security, simplify web payments and the online checkout
  • ABN Amro launches a 10 million euro fintech fund
  • Barclays offer 75,000 employees subsidised FitBit devices
  • The WorldPay IPO confirms London as the Fintech capital of Europe, and the world..?
  • Stet will deliver a instant payments platform in Europe
  • European Parliament adopts the revised Directive on Payment Services (PSD2)
  • London and the UK Tech sector is attracting record Venture Capitalist investment according to London and Partners
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6. Payments News: SWIFT  / Sibos

7. Payments News: Reports

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

One comment on “The Top Payments News Stories in October, 2015

  1. Pingback: 6 Regional Insights From The BCG Global Payments Report

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