News Headlines 10 January 2020

10th January 2020

BBVA trialling Amazon

TPPs and PSD2

UK FCA now regulator for crypto

Alibaba making European push

Amex Chinese application accepted

New NFC specifications

Alexa Skill introduced for US fuel purchases



BBVA is trialling the use of Amazon’s ecommerce platform.

The bank is joining with a Spanish Michelin three-star restaurant to sell items from its recycling project. The aim is to trial the functionality of Amazon as an online store front for the bank’s financial services as a precursor to offering banking products on the platform.


TPPs: latest views on PSD2 implementation

Interview with Arturo González Mac Dowell, from Eurobits Technologies and representing the European Third Party Providers (ETTPA) association.


The FCA has announced that it is now the AML and CTF supervisor of UK cryptoasset activities.

Any UK business conducting specific cryptoasset activities falls within scope of the regulations and will need to comply with a series of requirements including registering with the FCA. There is now a dedicated cryptoasset webpage. The development is assumed to be linked to the fifth Anti-Money Laundering Directive that has come into force today.


Alibaba is making a push into Europe seeking to challenge Amazon’s dominance.

The Chinese retailer is undercutting Amazon sellers’ fees to attract vendors but has had mixed results with attracting major brands.


China’s Central Bank has accepted an application from American Express to start operations in China.

The PBOC, however, did not say when it will approve the start of operations.


The NFC Forum has released four new specifications that improve the robustness and communications speed for NFC-enabled devices.

The specifications improve the user experience in noisy radio environments by adding recovery rules and enhanced performance for development of new use cases.


Fiserv and ExxonMobil are introducing Alexa Skill to Pay at Pump in US.

Consumers with Alexa-enabled vehicles, Echo Auto, and other Alexa-enabled mobility devices will be able to say, “Alexa, pay for gas” when they pull up to the pump. This new experience will initially be available at over 11,500 Exxon and Mobil stations in the U.S later this year.


Industry Videos

Pay.UK short video covering the way it is working to develop  common standards for UK payments.

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