Summer already feels like it was an age ago! Its a bumper payments news edition with plenty of interesting cybersecurity, bank, fintech and SWIFT related stories. Check out the following top payments news stories for September 2016:
1. Payments News – Cyber Security
- MoneySavingExpert.com issues contactless card fraud warning
- New York governor Cuomo announces proposal for Cybersecurity Regulation to protect consumers and financial institutions
- When it comes to biometrics, Brits trust Banks says Visa
- Payments security is being reviewed by central banks
- UK telephone fraudsters, posing as bank staff. steal £113 million!
- Samsung launch MVRS (Mobile Voice Recording Solution) for Galaxy mobile devices
2. Payments News – Mobile Payments
- PayPal and MasterCard team up
- Visa will launch a mobile payments service in Kenya to take on M-Pesa
3. Payments News: Digital / Crypto-currencies
- Barclays and Wave complete a global trade finance transaction (letter of trade) using blockchain technology
- Santander – To Bitcoin or Not To Bitcoin?
- Ripple sign up major banks, and launch Global Payments Steering Group (GPSG)
4. Payments News: Banks
- Wells Fargo fined for fraudulently opening about 1.5 million bank accounts
- Commwealth Bank and Barclays join forces to enable mobile payments between the 2 countries
- The Bank of England release a plastic £5 note or fiver
- Deutsche Bank open a data lab – The Hive – in Dublin
- BNP Paribas opens a Fintech Lab in New York – dubbed the Innovation Zone
- Deutsche Bank chief, John Cryan, writes an open memo to employees
- Bank of England propose a 2020 deadline for RTGS system
- In its bid to become a technology company, Deutsche Bank launches a “Digital Factory” in Frankfurt
5. Payments News: Fintech
- Hong Kong Monetary Authority sets up a fintech innovation hub
- Innovate Finance launches its East Coast Fintech program in New York to establish greater fintech ties between the UK and US fintech sectors
- The Future of Fintech in Scotland
- Facebook Messenger allows in-app payments without needing to send users to an external website
- Societe Generale – Damien Jamet: Learning from FinTech – Can we fail fast, and learn fast (Securities view)
- Ripple secures $55 million funding and adds further banks
- Innovate Finance give a post-Brexit fintech update
- Same Day ACH (faster payments) goes live in the US
6. Payments News: SWIFT
- SWIFT announce tools to help customers detect fraudulent payments
- SWIFT introduce mandatory customer security requirements
- ECB talks at Sibos about DLTs – distributed ledger technologies
- Ripple shake up Sibos 2016
- Sibos 2016 –
- Day 1: Banking Technology, Finextra, Sibos
- Day 2: Banking Technology, Sibos
- Day 3: Banking Technology, Ericsson, Sibos
- Day 4: Banking Technology, Microsoft
- Microsoft at Sibos
7. Payments News: Reports
- Survey conducted by IDC Financial Insights and sponsored by SAP reveals 6 out of 10 banks are open to partnering with fintech startups
- McKinsey report on how digital finance can enable growth in emerging economies
- Deloitte with All Street Research publish Connecting Global FinTech: Hub Review 2016
- Finextra and Axway release their findings on PSD2
- When it comes to blockchain, move quickly say IBM
That’s it folks! Let me know below if I missed anything important…