24 March 2016
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 firstname.lastname@example.org
Dame Patsy Reddy to be new Governor-General
One of our Independent Board Directors, Dame Patsy Reddy, is set to become New Zealand’s new direct line to the queen, taking on the role of Governor-General. Dame Patsy is adding to an already impressive career including working with the Film Commission, NZ Transport Agency, and chief negotiator for Treaty Settlements in Bay of Plenty. All on top of a stellar career as a lawyer. Payments NZ wishes Dame Patsy all the best in her new role starting on 14 September.
Swedish central bank calls for more cash, not less
Riksbank in Sweden is very much in cash’s corner, despite the nation’s push to become a cashless society. They have called for a legal requirement to be introduced which would place a duty on banks to provide cash service as a basic feature of payment accounts. There are less than 80 billion Swedish crowns in circulation, down from SEK106 billion just six years ago.
Santander speaks up for mobile banking
Santander customers can now have a chat to their Santander Smartbank App to make payments, report lost cards, set up account alerts and ask it pretty much anything they need to know about their spending habits. The bank says it is the first UK high street bank to bring voice-assistant technology into the customer user experience.
MasterCard debuts new way to pay
Guests at the Arnold Palmer Invitational PGA Tour event in Florida were among the first to pay for items through virtual reality (VR) glasses, thanks to MasterCard’s new technology. Working with Wearality, a company that develops wearables, MasterCard was able to offer a preview of how consumers could soon be using augmented reality (AR) technology in-store.
Fintech disruption on the rise in Aussie
The payments world has talked a lot about the rise of Fintech and the way it is disrupting banks and yesterday the Turnbull government issued a statement about their fintech strategy with its clear direction and endorsement of new disruptive finance models resets the risk dial on regulating fintech and should assist more young firms in getting to market in a timely fashion.
*These articles cover a range of topics from broad payments industry news here and overseas. They do not represent the views of Payments NZ and are not endorsements.