Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
DWP update on £4,000 payments that many don't know exist
The DWP has faced scrutiny over one of its payment schemes that can be worth many thousands of pounds. Experts in the policy field recently spoke to MPs about people with a disability or health condition struggling to get the support they are…
A $100M payment and Lutnick's island admission: The latest Epstein revelations
The fallout from the three million documents released from the Justice Department as part of the Epstein files continues to embroil high-profile politicians and businessmen as more revelations are uncovered. Tuesday, Commerce Secretary Howard…
CIMB joins Bank Negara's digital asset hub to test tokenised sukuk and payments
KUALA LUMPUR: CIMB Group Holdings Bhd has received approval from Bank Negara to participate in the central bank's Digital Asset Innovation Hub (DAIH), allowing the group to test regulated digital asset payment and settlement use cases within a…
Japan tech groups criticize new App Store payment rules
Following a recent change to multiple App Store rules in Japan, a coalition representing more than 600 local companies is calling for further regulatory action. Here are the details. Last December, Apple announced a series of changes to app…
Stardust fire survivors offered five figure payment
Survivors of the Stardust fire are eligible for payments of 20,000 euro, under a 16.4 million euro recognition scheme announced by the Government. Justice Minister Jim O'Callaghan announced the scheme on Tuesday, ahead of the 45th anniversary of…
Illinois city hands out $25K cash payments to 44 Black residents through reparations program
Evanston, Illinois will issue $25,000 to 44 residents in reparations payments, the City's Reparations Committee has announced. Established in 2019 and approved by the City Council in 2021, the program issues $25,000 direct cash payments to Black…
America's national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says
The White House of 2036 will have a mammoth task on its hands: It will need to rustle up more than $2 trillion a year to pay the interest on its national debt burden, approximately 5% of the nation's entire economy. According to the latest…
Social Security Payments Coming on Feb. 11 - Check If You'll Get One
Millions of Americans will see their Social Security payments come in on Wednesday, Feb. 11, as the Social Security Administration (SSA) begins its three-Wednesdays distribution cycle for the month. So, if you're among the 70-plus million people…
Trial of Limerick car dealer accused of corrupt payment to garda collapses
The trial of a Limerick engineer accused of corruption by giving money to a detective garda in exchange for a tip-off about a raid on his car dealership has collapsed. Stephen O'Sullivan (43) was on trial accused of giving or agreeing to give to…
EU Parliament Backs Digital Euro to Bolster Payments Sovereignty
The European Parliament threw its weight behind the European Central Bank's (ECB) digital euro project in a vote that framed money and payments as a strategic asset in an era of rising geopolitical tensions. Lawmakers adopted the annual ECB report…
First-gen California homebuyers can soon apply for $150,000 down payment loans
Getting your Trinity Audio player ready... California will focus again on first-generation homebuyers later this month during its roughly $200 million rollout of the down payment assistance program known as Dream for All. From Feb. 24 to March 16…
Taoiseach defends payments to Stardust victims after they vow to refuse €20,000 offer
Families of the 1981 Stardust tragedy have already been paid €500,000 apiece, the Taoiseach told the Dáil as he defended the latest offer of €20,000 to victims. A total of €24m went to the loved ones of the 48 victims as…
Universal Credit alert as thousands have payment slashed by £200
Universal Credit payments are changing for certain groups Payments could fall with thousands of Universal Credit users to see their money cut by over £200 from April. The health element of Universal Credit will be cut from £429.80 to…
Russia Revives Call for BRICS 'Payment Infrastructure' to Undermine U.S. Dollar
The Russian Foreign Ministry said on Tuesday that it still hopes to create a “cross-border payment infrastructure” for the BRICS economic bloc — a system that would allow BRICS to undermine the American dollar as the favored…
Tensions flare at cannabis agency meeting over fine payments
The internal strife at the Cannabis Control Commission was on full display Tuesday as the chairwoman and another commissioner called the agency's executive director to the carpet over his handling of the punishment that commissioners doled out to a…
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