Payments
Mozambique’s payment system provider cuts off service
BizFirst says it has not been paid by the banks or the country’s central bank for use of its software
Report highlights cyber vulnerabilities in securities market
Structure of the market and number of participants makes sector increasingly difficult to safeguard
Central banks should challenge risky fintech projects – Carstens
Crypto assets do not measure up against the “laws of economics”, BIS chief warns
Central bank collaboration on CBDC warranted, says Bank of Israel official
Report rules out CBDC in Israel for now, but central bank will be watching Sveriges Riksbank closely as it launches prototype
Payments changes far more important than bitcoin, Carstens says
Work on card and mobile phone payments is of “immense importance” – BIS general manager
Policy communication main challenge for South American central banks
In regional meeting, delegates discuss importance of payments innovation and security
Swedish central bank looks at path to state-backed digital currency
Riksbank may recommend changes to its own mandate
RBI fights plan to strip it of payment powers
Central bank fears move would undermine its ability to regulate currency
Riksbank says all banks should be ‘obliged’ to continue cash services
Central bank goes “a step further” in ensuring government legislation keeps cash alive in Sweden
Iranian central bank looking for alternative to Swift, local media says
Russia and China might be willing to help circumevent sanctions, expert says
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal method for API specifications, payment provider says
Fraud growing faster than non-cash payments, Fed finds
Cases of payments fraud are getting smaller but more common, survey finds; introduction of chip-based cards appears to have helped reverse the trend
Australia to launch new $50 note
Successful transition to new $5 and $10 notes opened door for most circulated note
Tunisia’s El Abassi on central banking during a regional security crisis
Central Bank of Tunisia’s governor talks about capacity building, evolving relations with the IMF, integration among the Arab states and using technology to foster inclusion
What is driving the drop in UK cash volumes?
The volume of cash in circulation in the UK has declined for the first time since 1960. Is this a sign the UK is moving towards a cashless society? Or just a blip in the trend?
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa
Fed aims for real-time interbank settlement of faster payments
Brainard points to “growing gap” in US transaction capabilities
Mersch issues warning to European payment providers
European firms must innovate or risk being competed out of instant payment sector
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
Crypto bank targets 2019 launch
Switzerland’s Seba Crypto sets its sights on banking licence with “technology-neutral” regulator
New crypto asset database needed to better understand risks - Canada’s Lane
Crypto assets should be classified by attributes and functions, Canadian deputy says
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
Cash still reigns in euro area
Large number of countries still use cash for high-value payments, but national disparities remain
EU countries to build payments link with Iran
“Special purpose vehicle” designed to allow “legitimate business” with Iran, despite US sanctions