25 September 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 firstname.lastname@example.org
Payments NZ: Special edition of The Hub, 24 September
We had a great turn out, fantastic speakers and even better networking at our The Hub event in Auckland yesterday. The Hub is a payments industry networking event we run and this was a special bumper edition themed around ‘setting a course for the future’. The content included information about our Payments Direction programme, an all-bank panel on keeping up with the pace of change, special quick-fire presentations on innovation, storytelling, and design thinking, and a keynote presentation on carving out your place. We also celebrated Payments NZ’s 5th birthday. It was a jam packed afternoon/evening!
Thank you to everyone who came along. We will have a full article recapping the day’s event in next week’s top reads.
A central banker’s view on cash
The Bank of England’s chief economist, Andrew Haldane, says the abolishment of paper currency could be a “radical and durable” way of generating negative rates in order to boost inflation and stave off a new recession.
Canada’s payments system is in for a makeover
As part of a modernisation initiative, the Canadian Payments Association and Bank of Canada have released research into the most critical issues the industry must investigate to improve the payment system to best meet the needs of Canadians. See the full report titled Public Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework here, eh.
Rise of the robots
Robo-advisers may soon be able to offer financial advice, but would you trust a computer to have your best interests at heart asks The Sydney Morning Herald. National Australia Bank customers will soon put that question to the test with a tool that will provide tailored-information on superannuation and insurance to online banking customers.
What will wearables look like in the future?
Contactless is all the rage right now but what will wearable payment interactions look like by 2020? Visa Europe asked five design students and recent graduates of Central Saint Martins to answer that question. Check out the top three wearable device suggestions.
Apple Pay in China
Apple has registered a payment business in Shanghai’s Free Trade Zone. Does this mean that Apple Pay is on the cards for China?
The real-time payments world
The move to real-time payments is most commonly the result of a drive to foster economic growth and innovation by regulators, governments or the industry. Real-time payments can "promote competition and drive innovation in payment services" and everyone is doing it differently. Check out the difference in approach between countries here.
Uber? How about La’Zooz?
While the technology behind Uber is smart, and the product is convenient, a few more idealistic types are looking to apply a different economic model to ride-sharing. La‘Zooz knows exactly where the technology needs to go next, and it’s not towards profitability.
*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.