Included in this issue: Barclays extends cheque imaging service | Santander and Monitise create venture to back fintech disrupters | Barclays talks blockchain, bitcoin and distributed ledgers | UK looks to remain a world leader in payment technology | PSR final terms of reference MR15/2.1 | PSR responses to infrastructure market review draft terms of reference | Payments UK launched | Payments UK : Supporting Fintechs | PSR: The innovation challenge | Barclays expands contactless wearables range | Bitcoin exchanges report surge in interest from Greek users | US banks will spend $16.6bn on digital transformation projects | Instant Payments Report published by EPC | Outcomes from FATF meeting in June 2015 | Using cards in Greece, advice from the UK Cards Association | Card spending reached £50.7 billion in April

UK 

Barclays extends cheque imaging service

Barclays will extend its mobile cheque imaging service to Android phones and iPad users, bringing the service to more than one million customers.

Finextra, 2 July 2015 

Santander and Monitise create venture to back fintech disrupters

Banco Santander has established a £20m joint venture with UK mobile money group Monitise to invest in global financial technology start-ups that threaten to disrupt the sector.

Financial Times, 1 July 2015 

Barclays talks blockchain, bitcoin and distributed ledgers

Barclays has been exploring opportunities with bitcoin/blockchain companies including Atlas, which provides mobile banking for the developing world; and Everledger which provides an immutable ledger for identifying and tracking diamonds.

International Business Times, 1 July 2015 

UK looks to remain a world leader in payment technology

Industry experts speaking at the Payments Innovation Conference have commented on the UK’s potential to remain a global leader in payment innovation and technology. 

Payments UK, 1 July 2015 

PSR final terms of reference MR15/2.1

The Payment Systems Regulator is carrying out a market review into the ownership structures of, and competition in, the provision of payment systems infrastructure and has now published the final terms of reference that they will use to conduct the review.

Payment Systems Regulator, 30 June 2015 

PSR responses to infrastructure market review draft terms of reference

The Payment Systems Regulator has published the responses it has received following the publication of their draft terms of reference for their market review into the ownership and competitiveness of infrastructure provision.

Payment Systems Regulator, 30 June 2015 

Payments UK launched

Payments UK the new trade association which succeeds the Payment Council has launched and provides a single, authoritative voice for the UK payments industry. In addition a new website "Access to Payment Systems" has also launched which acts as an information hub setting out options for direct and indirect access to the payment schemes for organisations that needs to access to the UK’s payments systems.  Payments UK, 29 June 2015 

Payments UK : Supporting Fintechs

Payments UK has said it is working with the British Bankers’ Association to create a FinTech advisory group in order to help Government bring together all interested parties.

Payments UK, 29 June 2015 

PSR: The innovation challenge

speech by the Managing Director of the Payment Systems Regulator, Hannah Nixon, on the subject of innovation in payments.

Payment Systems Regulator, 29 June 2015 

Barclays expands contactless wearables range

Barclays is to launch key fobs, an updated wristband and stickers that will allow users to make "touch and go" contactless payments.

The Guardian, 29 June 2015 

WORLDWIDE 

Bitcoin exchanges report surge in interest from Greek users

Bitcoin exchanges are reporting more interest from Greek users due to closed banks and capital controls.  Finextra, 30 June 2015 

US banks will spend $16.6bn on digital transformation projects

According to research from IDC Financial Insights, American retail banks will spend $16.6 billion on "digital transformation initiatives" this year.

Finextra, 1 July 2015 

Instant Payments Report published by EPC

The European Payments Council has published the EPC Report to the ERPB on Instant Payments after submission to the June 2015 meeting of the Euro Retail Payments Board.

European Payments Council, 30 June 2015 

Outcomes from FATF meeting in June 2015

The Financial Action Task Force has published guidance on a risk-based approach to virtual currencies. 

Financial Action Task Force, 26 June 2015 

Using cards in Greece, advice from the UK Cards Association

The UK Cards Association has provided advice to cardholders on withdrawing money and making payments in Greece.

UK Cards Association, 29 June 2015 

RESEARCH 

Card spending reached £50.7 billion in April

According to figures from The UK Cards Association card spending grew by 0.9 per cent in April to reach £50.7 billion, the second month in a row where total spending passed the £50 billion milestone. 

UK Cards Association, 26 June 2015