Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ecobank Taps Yuan Payments as It Eyes Africa's Trade With China
Ecobank Transnational Inc. is stepping up efforts to facilitate direct yuan payments for clients trading with China as the pan-African lender seeks to boost ties with the continent's biggest trading partner and reduce reliance on the dollar. The…
Jim Chalmers overrules ATO's controversial ban on credit card payments following business outcry
A controversial ban on credit card payments on tax bills will be delayed by more than six months, after the federal government overruled the tax office and announced new stopgap funding. Treasurer Jim Chalmers announced on Friday extra funding on…
Anwar: Firms can claim salary tax deductions only for traceable wage payments
BUDGET 2027 | Companies other than micro, small, and medium enterprises (MSMEs) will be able to claim tax deductions on salary expenses only if wages are paid through bank accounts or other approved channels, Prime Minister Anwar Ibrahim announced…
The future of payments
Max Neukirchen, Global Co-Head of J.P, Morgan Payments, sat down with American Banker payments reporter Joey Pizzolato at SIBOS in Miami to discuss what's new in payments, AI, and on-chain finance. Transcripts are generated using a combination of…
Live: Minister moves to smooth over government response to ATO payment change
Choose what information you see below by using filters Penny Wong says the government doesn't have the power to direct the tax office to reverse its decision to stop accepting credit card payments. The Coalition has called on Labor to direct the…
Horror as plumber kills elderly couple with screwdriver after payment dispute
The plumber allegedly carried out the attack with a screwdriver An elderly couple and their domestic worker have been killed after a plumber allegedly attacked them with a screwdriver following a dispute over payment. The horror unfolded at the…
Interoperability and payments' last mile problem
Leigh Amaro, Chief Executive of the Americas at Swift, discusses the issues of payments interoperability with American Banker payments reporter Joey Pizzolato at SIBOS. Transcripts are generated using a combination of speech recognition software…
UK targets Cryptomus, TokenSpot, and payment platforms in new Russia-focused crackdowns
The U.K. sanctioned three cryptocurrency exchanges and several payment platforms as part of 38 new designations targeting networks suspected of helping Russia evade sanctions. The Foreign Office said two targeted businesses had facilitated…
Payment modernization is only half the story: The hidden cost of credit card processing in government
The federal government has invested billions of dollars modernizing the way citizens interact with their agencies. Whether paying fees, applying for licenses, purchasing park passes, repaying loans, or conducting countless other financial…
Starting in 2027, Mastercard will enable card payments even during power outages
In the future, it should be possible to pay by credit card even without a direct network connection for the terminal. (File photo) Even if the Internet goes down, consumers should still be able to make purchases with their Mastercard in the future.
Zcash developers set January target for quantum-resistant payments after 'bunker mode' scare
Zcash developers aim to add support for quantum-resistant, hash-based signatures in January, though no network activation date has been confirmed. The upgrade to the privacy coin would initially protect transparent transactions, which account for…
Credit card defaults rise as lenders warn more people could miss payments
Credit card defaults have increased across the UK, with banks and building societies expecting more people to fall behind on repayments in the coming months. The latest Bank of England Credit Conditions Survey found that credit card default rates…
How AI will impact payments
Leigh Amaro, Chief Executive of the Americas at Swift, talks with American Banker payments reporter Joey Pizzolato at SIBOS about AI and its impact on the payments sector. Transcripts are generated using a combination of speech recognition software…
From retail payments to blockchain
Leigh Amaro, Chief Executive of the Americas at Swift, talks with American Banker payments reporter Joey Pizzolato at SIBOS about new projects the network has launched recently. Transcripts are generated using a combination of speech recognition…
Brits with 1 digestive issue can qualify for £10,119.20 in payments from DWP
The benefit is paid out by the DWP. Brits with a common long-term condition affecting the digestive system may be able to claim Personal Independence Payment (PIP), the latest official figures from the Department for Work and Pensions (DWP)…
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