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; ...
2 Nov 2016
Reuters, Australian FinTech
ACCC to monitor big banks buying Fintechs and blocking collaboration
Includes blockchain monopolization
Banks accused of paying lip service to Fintech collaboration
Cautious response from start-ups
Sources: Reuters; The Coin Telegraph; Australian FinTech; Smart Company
Summary: The ACCC is to monitor the big banks to ensure innovation is not clo...
31 Oct 2016
Fintech Business, King & Wood Mallesons
KYC changes to boost fintech sector
Productivity Commission ushers in the new ‘data’ age
Draft report invites comments by 12th November 2016
Sources: Fintech Business; King & Wood Mallesons
Point of View
The wording in the amended regulations “Anti‑Money Laundering and Counter‑Terrorism Financing Rules Instrument 2007 (No. 1)” is...
30 Oct 2016
China Daily, AFR, PaymentEye, NFC World
Six Asia-Pacific countries adopt UnionPay chip card standard
CBA in payments deal with China's Alipay
First Data and Alipay bring Chinese mobile payments to the US
PBoC reports significant rise in mobile payments
Non-bank mobile payments in Q2 2016 up 111% year-on-year to 23.35tn yuan
Sources: China Daily; AFR; Pay...
28 Oct 2016
CSO, Norton Rose
Personal data of 550,000 Red Cross blood donors was breached
Database dump available in the clear for 2 months
Mandatory Data Breach Bill finally introduced into Parliament
Individuals could be fined $340,000, organisations up to $1.7m
Sources: CSO; Norton Rose
The Privacy Amendment (Notifiable Data Breaches) B...
27 Oct 2016
Bloomberg, The Paypers
Qualcomm to Buy NXP Semiconductors in USD$47 Billion Dea
General Motors, IBM partner to deploy OnStar Go for in-car payments era
Chinese IoT device manufacturer recalls products amidst mass DDoS attacks
Alibaba and Gemalto work hand-in-hand to secure China’s IoT market
Sources: Bloomberg; The Paypers; SC Media; Gemalto
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...
24 Oct 2016
FindBiometrics, Business Insider
FIDO Developing mPayment Standard with EMVCo
FIDO aim to support CDCVM with authentication standard
EMVCo and PCI partner on payment authentication
Collaboration to support launch 3DS 2.0
Sources: FindBiometrics; Business Insider
At the recent Money2020 show in Las Vegas, the FIDO Alliance announced working wit...
The Register, MasterCard
MasterCard app lets online shoppers pay with a selfie
MasterCard’s "selfie pay" will be coming to Europe next year after trials in the US, Canada and the Netherlands
Mastercard and BMO make Fingerprint and ‘Selfie’ Payment Technology a Reality in North America
74% of respondents said biometrics—like fingerprints of selfies—w...
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...
12 Oct 2016
MasterCard Makes Commerce More Conversational With Launch of Chatbots for Banks and Merchants
Piloting on Facebook Messenger, aiming for 2017 launch
For banks, partnering with Kasisto
For merchants, being developed by MasterCard Labs
Tribe raises $3 million to bring conversational commerce to video chat
MARKETINSIGHTS Giving you the latest global and domestic developments
affecting the payments landscape in Australia today.