Included in this issue: Payment Systems Regulator appoints new chair of the Payments Strategy Forum | UK banks put squeeze on Apple Pay fees | Standard Chartered highlights blockchain | Technology and consumer demand is driving change in the payments | Apple Pay taps UK to shake up consumer spending | HM Treasury: Special envoy for fintech named | ECB fourth report on card fraud | Incubator for Bitcoin opens in Chicago | Vodafone ties up with Walmart India for M-Pesa | ERPB statement following third meeting in June 2015
UK Payment Systems Regulator appoints new chair of the Payments Strategy Forum
The Payment Systems Regulator has appointed Ruth Evans as the chair of the Payments Strategy Forum which will begin on the 27 July 2015. The forum is also seeking around 20 members to identify, prioritise and develop initiatives where industry can work together. It has also published draft terms of reference.
Payment Systems Regulator, 15 July 2015
UK banks put squeeze on Apple Pay fees
British bankers said they had struck a harder bargain with Apple than their US rivals, giving the technology group less money per transaction for the UK Apple Pay service than it receives in its home market.
Financial Times, 14 July 2015
Standard Chartered highlights blockchain
Standard Chartered chief innovation officer Anju Patwardhan has said blockchain technology could contribute to the "security of banks and the integrity of the financial system".
Finextra, 14 July 2015
Technology and consumer demand is driving change in the payments
Maurice Cleaves, Payments UK Chief Executive has written for bankingtechnology.com on how advances in technology, and particularly consumer demand, are driving change in the payments industry.
Payments UK, 13 July 2015
Apple Pay taps UK to shake up consumer spending
Apple Pay, the contactless payment service, launched in the UK on Tuesday, opening up a potentially large market for the US technology company and transforming the way in which consumers buy goods.
Financial Times, 13 July 2015
HM Treasury: Special envoy for fintech named
The Government has published a 15-point plan that they put into action to boost the UK’s productivity growth which includes the appointment of Eileen Burbidge as a 'special envoy' to champion FinTech across the UK and internationally.
HM Treasury, 10 July 2015
ECB fourth report on card fraud
A fourth oversight report by the European Central Bank on card fraud analysing developments in fraud related to card payment schemes in the Single Euro Payments Area.
European Central Bank, 15 July 2015
Incubator for Bitcoin opens in Chicago
Entrepreneurs and investors have opened an incubator in Chicago for bitcoin- and blockchain-focused startups.
Finextra, 14 July 2015
Vodafone ties up with Walmart India for M-Pesa
Vodafone India has partnered with Walmart India that would allow business members of Walmart-owned Best Price wholesale stores to make payments using M-Pesa.
The Economic Times, 9 July 2015
ERPB statement following third meeting in June 2015
The Euro Retail Payments Board (ERPB) has released a statement of its third meeting, held on 29 June 2015 including recommendations on technical standards related to payment card and electronic invoicing solutions relating to retail payments. The European Payments Council has also published a blog post on the meeting. ERPB, 7 July 2015