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Weekly top reads

Industry news top reads 14 Aug - 20 Aug 2015

21 August 2015

Below are our top reads from the last seven days of industry news. Every Friday we'll publish our picks from industry developments, stories and announcements right here so you can keep you up to date with what's happening in payments here and overseas.

If you'd like to have our top reads emailed to you every Friday, let us know by emailing connect@paymentsnz.co.nz

Top reads

Samsung Pay enters the market
With the ability to be used pretty much everywhere a credit card can, the team behind Samsung Pay thinks it has the answer to consumer uncertainties around mobile payments.

Technology and Banking
According to PwC's latest New Zealand Banking Perspectives report, global banks can now access the NZ market using disruptive technology without the need to invest in bricks and mortar

A multi- billion dollar sticking point
Apple wants in on the Australian payments market, but according to the Sydney Morning Herald, Aussie's largest banks are not that keen to give Apple a slice of the pie.

Canada’s payments in for an overhaul
The Canadian Payments Association has hired global consulting firm McKinsey to draw up plans to modernise the nation's core payments infrastructure. They will soon begin a "multi-year project to renew the CPA's payments clearing and settlement infrastructure".

Paying off the student loan one purchase at a time
Help is at hand for student loan debtors with the Feejoa programme. It aims to help students pay off their study debt faster by getting retailers' loyalty rewards paid directly to a student loan account. Members can also recruit friends and family to contribute their Feejoa reward dollars.

Once upon a bitcoin
A 28-year-old freelance computer programmer from Luxembourg has been on a trip around the world using only bitcoin in a bid to raise awareness of Bitcoin amongst the general public. In the 14 countries Weis has visited so far, he has snapped dozens of photos with first-time bitcoin users holding up their smartphones to show off their first transaction.

Biometrics
As cybersecurity is becoming more and more important the payments industry is bringing in the biometric big-guns to help enhance security and prevent breaches. MasterCard is launching a facial recognition payment service based on “selfies” taken on a smartphone. This was preceded by Apple Pay's October 2014 biometric payment technology based on fingerprint ID.

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