Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
£576.4m lost to authorised push payment scams in 2025 as AI manipulates victims
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Fraud losses from people being tricked into transferring…
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With Shah Rukh Khan, Visa shifts focus from payments to experiences in India
For India's affluent consumers, luxury is increasingly defined not by what they own but by what they experience. From curated travel and fine dining to exclusive events and lifestyle privileges, discretionary spending is shifting away from…
Online payments are dimming the charm of one of America's top tourist attractions
We all know those heavy, coin-operated binoculars perched on every scenic overlook in America, the ones you'll find everywhere from the Empire State Building to the Grand Canyon. Turns out, they'll soon start accepting tap-to-pay payments. This is…
Older state pensioners with two-digit code sent £739.60 Monday payments
The basic State Pension is now worth up to £184.90 per week Older state pensioners across the UK with a specific two-digit code are set to be given Monday payments of up to £739.60 from the Department for Work and Pensions (DWP)…
DWP confirms 8 conditions that qualify for £114 weekly payment - full list
Obesity accounts for the largest share of PIP claims linked to metabolic conditions The Department for Work and Pensions has confirmed the eight metabolic conditions currently recognised within Personal Independence Payment claims, with eligible…
State pensioners under 78 given bumper £1,930 Wednesday payments in July
Older state pensioners will get paid twice in June if they're paid on Tuesdays Some lucky younger state pensioners will have a bumper July with two DWP state pension payments totalling up to £1,479.20 – if they normally receive their…
PIP claimants may be due back payments of around £5,600 after DWP rule change
The Department for Work and Pensions (DWP) is unable to trace around 2,400 people on Personal Independence Payment (PIP) who may be due back payments following a major review of historical benefit decisions. The figures were published as the…
Indian Payment FinTech Razorpay Planning $600 Million IPO
The company has confidentially filed for a public listing with the goal of making its stock market debut by the end of the year, Reuters reported Monday (June 15), citing a source familiar with the matter. Its competitors in the Indian digital…
DWP state pensioners sent two £965 payments in June due to 4-week rule
The Department for Work and Pensions is due to make two state pension payments to those on the full, new state pension in June - owing to a payment quirk. The DWP state pension is paid out once every four weeks. As the first day of the month fell…
Faster Payments Give AR Teams Less Time to Be Wrong
PYMNTS Intelligence research in collaboration with Plaid suggests the challenge extends beyond fraud prevention. Faster payments are exposing weaknesses in how finance organizations verify customers, manage receivables and maintain cash flow…
Cyprus turns to digital payments as fintech reshapes banking
Digital transactions in Cyprus are continuing to grow at a rapid pace, as consumers and businesses increasingly move towards card payments, mobile banking, electronic wallets and fintech applications. The shift reflects the broader digitalisation…
Late payments costing UK economy £11bn as SMEs struggle to invest
Late payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid, amid growing concerns over blocked cashflow across the economy. Research from Sage shared with City AM…
Lloyds makes payment change for thousands of banking customers
Lloyds and Stripe have joined forces to modernise payments for small businesses. The new collaboration brings Stripe's global payments technology to Lloyds' business customers. Lloyds Accept is a new suite of flexible payment tools for small…
State pensioners set to lose three months of payments due to DWP rule change
State pensioners are set to lose three months of state pension payments owing to the Department for Work and Pensions (DWP) state pension age changing. Under a new DWP timetable, the state pension will rise from 66 to 67. The change began on April…
University of Illinois Foundation Has $11.51 Million Stock Holdings in Shift4 Payments, Inc. $FOUR
University of Illinois Foundation raised its stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 57.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 182,848 shares of the company's stock after…
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