In addition to debates on the future of European payments, market news focuses on :
- Developments by national and international interbank players, in particular ICS, which continues to explore all areas of payments, including Open Banking, but also EPC, which continues its work to clarify payment standards in Europe, and CB, which is fine-tuning its defense system before the Olympic Games;
- Developments in payment instruments, transfers, direct debits, cards, and payment innovations
But the two subjects that generate the greatest number of articles concern cryptopayments and, above all, the fight against fraud.
Press review
1 - Place reflections
At PAY TECH DAY, a number of key players in the payments industry took part in round-table discussions or made key notes. It's a real review of the latest topics in the payments industry. See Part 5 Association life.
2 - International and European interbank organizations
Swift
EPC
- Creating a sustainable pan-European payment method through SPAA | European Payments Council (March 26)
- Call for Interest: development of SEPA Payment Account Access compliant API specifications | European Payments Council (March 26)
- EPC079-24 Dispute Resolution Committee - Written notification of breach.pdf (europeanpaymentscouncil.eu) (May 3)
- Iberpay and Santander become first participants in EPC's OCT Inst scheme (finextra.com) (May 17)
EBA Clearing
- 8 April 2024 - Pan-European verification of payee ready by December (ebaclearing.eu)
- EBA Clearing carries out pan-European request to pay PoC (finextra.com) (May 8)
CB
ICS
- Mastercard launches virtual card app to simplify travel and business expenses (finextra.com) (April 19)
- Visa launches open banking with Tink in the US (finextra.com) (April 25)
- Visa Joins AWS Partner Network to Help Simplify Global Digital Payments | Visa (April 25)
3 - Cards, electronic banking and mobile payment
- Google Wallet launches in India (finextra.com) (May 9)
- France wants to limit soaring card payment fees | Les Echos (May 9)
- Kima bids to build a 'DeFi credit card' (finextra.com) (May 14)
- Gone are the bank cards, Amazon extends palm payment (journaldugeek.com) (March 29)
4 - Flows (other than card transactions)
- Crédit Agricole: good news, this small change will simplify your transfers (moneyvox.fr) (March 28)
- Lack of communication and unworthy SCA route: TPPs expect more from banking APIs (journaldunet.com) (April 9)
- Instant money transfer: how some banks are driving up the price to over 10 euros (moneyvox.fr) (April 19)
5 - Big Techs
- Big Tech a priority' says FCA Chief Executive | FCA (April 22)
- Navigating the UK's Digital Regulation Landscape: Where are we headed?
- FS24/1: Potential competition impacts from the data asymmetry between Big Tech firms and firms in financial services (fca.org.uk)
- FCA turns the microscope on Big Tech (finextra.com) (April 22)
6 - Perspectives, Innovation and Fintech relations: AI, BNPL, Biometrics
- Generative AI: How to manage banking risks (finextra.com) (April 9)
- JPMorgan's Dimon stresses 'critical' impact of AI (finextra.com) (April 10)
- Meta steps up a gear with a second version of its MTIA chip dedicated to AI (usine-digitale.fr) (April 12)
- Online payments: an innovation that will make shopping easier (ouest-france.fr) (April 14)
- EC and CFPB meet on consumer risks from AI and BNPL (finextra.com) (April 15)
- The ICO's new regulations on biometric technology in the workplace (finextra.com) (May 8)
7 - Fintechs' move into banking
- Revolut plans advertising sales push as it waits for banking licence (ft.com) (April 23)
- NAB to launch Pay by Bank for Australian merchants (finextra.com) (May 8)
And Lydia ...
- Fintech Lydia invests 100 million euros to become a bank | Les Echos (May 15)
- French payments app Lydia launches mobile bank (finextra.com) (May 15)
- Lydia Comptes becomes Sumeria, a neobank that pays interest on current accounts (journaldunet.com) (May 15)
- From payment between friends to universal banking, the fintech Lydia wants to change dimension (latribune.fr) (May 15)
- Lydia launches its Sumeria neobank, which pays interest on current accounts (usine-digitale.fr) (May 15)
8 - Digital identity
- CommBank's x15 Ventures rolls out Truyu digital ID app (finextra.com) (May 14)
- Australia passes Digital ID Bill (finextra.com) (May 17)
9 - Cryptopayments
- ESMA75-117376770-460 Letter to EU Institutions on DLT Pilot Regime (europa.eu ) (April 3)
- Hubert de Vauplane's LinkedIn post on ESMA's letter on the DLT Pilot Regime (April 6)
- Revolut and Ledger alumni launch Deblock, a euro and crypto current account | Les Echos (April 9)
- Insurers target crypto market (finextra.com) (April 10)
- Opinion | Blockchain, an opportunity not to be missed for France | Les Echos (April 11, Stéphanie Cabossioras)
- Should UK investors have easier access to crypto? (ft.com) (April 12)
- UK Finance announces new Regulated Liability Network experimentation phase | Insights | UK Finance
- UK moves to experimentation phase of Regulated Liability Network (finextra.com) (April 16)
- Bitcoin (BTC) 'Halving' Will Deal a $10 Billion Blow to Crypto Miners - Bloomberg (April 14)
- Bitcoin's halving makes its future pay-to-play (ft.com) (April 17)
- Halving bitcoin: the "supply shock" that is panicking the markets | Les Echos (April 19)
- The success of bitcoin ETFs continues (revue-banque.fr) (April 22)
- EU expands AML regulation impacting cryptocurrency compliance (finextra.com) (April 26)
- Interview | Faustine Fleuret, President of Adan "Our goal? To make Europe the world's Web 3 region, with France as the driving force" (finyear.com)
- Finyear's LinkedIn post on Faustine Fleuret's interview (April 30)
- Adan responds to ESMA consultations on technical standards for the Market-in-Crypto-Assets (MiCA) regulation - Adan (May 2)
- Digital Token Identifier to monitor crypto-derivative risk across G20 (finextra.com) (May 2)
- US FS giants explore multi-asset settlement using share ledger tech (finextra.com) (May 9)
- Broadridge to offer JPM Coin as settlement mechanism for DLR platform (finextra.com) (May 14)
- MineOne, when Chinese bitcoins "made in America" scare America (france24.com) (May 15)
- Standard Chartered brings blockchain to payments with Partior (finextra.com) (May 16)
- Mastercard and Standard Chartered pilot tokenised deposits (finextra.com) (May 16)
- Mastercard picks new batch of crypto and blockchain Start Path firms (finextra.com) (May 17)
10 - Security and fraud prevention
- U.K. considers a faster-payments slowdown American Banker
- Policy_note.pdf (publishing.service.gov.uk)
- Fabrick-Whitepaper-Fraud-Prevention-Payment-Orchestration-EN.pdf
- RA_Mediateur_2023_web.pdf (fbf.fr) (2023 report from the FBF ombudswoman)
- "Data sharing can open up the market to fraudsters" (revue-banque.fr) (interview with FBF mediator)
- Scamscope Report: APP Scam Trends | ACI Worldwide (or PDF document)
- For a right to strong authentication of the payer (review of the Court of Cassation ruling of August 30, 2023) (revue-banque.fr)
- Transfer to a new beneficiary: why is your bank (still) imposing a delay? (moneyvox.fr) (April 17)
- Fighting Payments Fraud in the Age of AI - PaymentsJournal (April 23)
- app-fraud-liability-a-guide-for-banks.pdf (finextra.com) (April 26) (22 pages)
- The liability regime for PSPs in the event of unauthorized payment transactions is exclusive (revue-banque.fr) (April 25)
- The EBA will start collecting information on natural persons through its AML/CFT database, EuReCA | European Banking Authority (europa.eu ) (May 2)
- Sandra Pion's LinkedIn post on the May 2 EBA press release
- APP scam reimbursement rules extended to Chaps (finextra.com) (May 8)
- UK payment firms push back on APP fraud refund plan (finextra.com) (May 15)
- Direct debit fraud: why French customers' data is within the reach of crooks (latribune.fr) (May 16)
