2 Oct 2017
The Paypers, Monetary Authority of Singapore
Canada and Singapore: central bank, payments association, local banks and R3 collaborate to build DLT payments settlement platforms, with Project Jasper and Project Ubin, respectively
Both projects demonstrate DLT can settle wholesale interbank payments, and each builds liquidity-saving mechanism; neither ready to underpin domestic pa...
20 Sep 2017
Risk-based authentication for ‘frictionless’ customer experience
Strong authentication used for risky customers or transactions
Less customer friction could reduce CNP fraud, as merchants likely retain more sales
Source: The Paypers
Point of View
ThreatMetrix, global online authentication and fraud-detection specialist, has launc...
5 Jul 2017
This is Money
UK banks considering dynamic CVV code technology to combat CNP fraud
Tiny screen on the back of cards to display a new CVV code every hour
Could reduce CNP losses and increase interchange revenue in Australia
Source: This is Money
20 Jun 2017
Merchants only need software, no additional hardware required
WorldPay targeting cash-only micro-merchants
Acceptance limited to certain Android phones, and Visa and MasterCard contactless cards
12 Jun 2017
Monetary Authority of Singapore
The Monetary Authority of Singapore and R3 have successfully completed Phase 1 of Project Ubin to use DLT for interbank transfers.
Ultimate goal is to reduce risk and costs in cross-border settlements of payments and securities.
DLT is being investigated by authorities around the world: will the Reserve Bank of Aus...
8 Jun 2017
ThreatMetrix and Gemalto partner to offer a customer-authentication product that integrates their respective services.
Leverages the ThreatMetrix Digital Identity Network and Gemalto’s authentication expertise.
How might it interact with the DTA's forthcoming national Trusted Digital Identity Framework?
21 Dec 2016
Royal Canadian Mint joins Goldmoney network
Royal Canadian Mint to provide vault, the first government vault in the network
Stated as joining Goldmoney private blockchain
Although the term blockchain is not used in the conventional sense
Source: NFC World
Summary: Royal Canadian Mint joins Goldmoney network providing bullio...
20 Dec 2016
Open-loop contactless payments for Opal in Sydney
Contract awarded to Cubic Transportation Systems
Huawei and Xiaomi mobile contactless for closed-loop transit
Contactless technology remains the preferred interface for urban public transport
Summary: Open-loop contactless payments coming to Sydney in 201...
15 Dec 2016
Banking Technology, AFR
NAB aims to be first big bank in Australia with developer portal
Starting with two APIs: branch & ATM location, Forex rates
Closed beta – working with partners Xero, MyOB and Visa
ANZ to enable third parties to develop for BladePay terminals
Sources: Banking Technology; AFR
Summary: NAB aims to be first big bank in Austral...
13 Nov 2016
GSMA, PYMTS, techweez
GSMA releases API definition for mobile money providers
Builds on learning from market leading mobile money services
Visa Developer Program rolls out mVisa with OEM Micromax
Udio mobile app users across India, supported by processor Transerv and RDL Bank
Equity Bank in Kenya opens APIs to developers
Sources: GSMA; ...
26 Oct 2016
Souped-up SIM allows mobile payments where there’s no network
Aims to extend mobile payments to communities without network coverage
Sources: New Scientist
The solution, DigiTally project from Cambridge University, utilises a chip to process and authenticate transaction without SMS or network access on electronics that...
21 Oct 2016
Visa Introduces International B2B Payment Solution Built on Chain’s Blockchain Technology
Previewing Visa B2B Connect, near real-time high-value international payments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade finance
Physical IoT supply chain location trigger and distributed ledger for transact...
MARKETINSIGHTS Giving you the latest global and domestic developments
affecting the payments landscape in Australia today.