• 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

  • 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

Source:

  • 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

Source: WorldPay


                            

Point of View

Global...

  • 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

Source:

  • 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?

Source: Finext...

21 Dec 2016

Source:

  • 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

Source:

  • 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

Source: NFC World

Summary: Open-loop contactless payments coming to Sydney in 201...

15 Dec 2016

  • 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 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

Point of View

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...

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