Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Simple mistake means DWP could stop £194.60 weekly PIP payment
People can get financial support to help with their daily living expenses - but if they make a key mistake they could not only lose their help but have to pay back money. Just over four million people currently claim Personal Independence Payment…
RBI Mandates Six-Hour Cyber Incident Reporting For Payment Operators
The Reserve Bank of India has introduced stringent new master guidelines requiring non-bank payment system operators to report cyber incidents within six hours, a crucial step to fortify India's rapidly expanding digital payment ecosystem against…
Firmus plans $4.4b private raise but upfront Nvidia, Meta payments key
Firmus is hoping to raise $US3 billion ($4.4 billion) privately by issuing new shares and debt and locking in pre-payments from mega-customers including Nvidia and Meta, as the artificial intelligence infrastructure group seeks fresh funding after…
Home Mortgage Payments Decline to 6-Week Low
Monthly mortgage payments in the United States have fallen to a six-week low as home prices decline, according to real estate brokerage Redfin. The median monthly mortgage payment hit $2,755, down from $2,820 a month ago, Redfin said in a Nov. 12…
State pensioners who won't get £300 Winter Fuel Payment unless they ask
Some state pensioners will have to ask the Department for Work and Pensions (DWP) for a Winter Fuel Payment of up to £300 this winter, even if they are eligible for it. All pensioners born on or before June 27, 1960, will be eligible for a…
Bank of England sets spring handover for UK payments design
Britain's planned retail payments infrastructure will move to industry-led delivery after a design handover in spring 2027, Victoria Cleland, chair of the Bank of England's Retail Payments Infrastructure Board, said. The handover will allow an…
Brits with high blood pressure can qualify for £10,119 in DWP payments
Brits who have high blood pressure may be able to claim more than £10,000 a year in support from the Department for Work and Pensions (DWP), if they meet certain eligibility criteria. High blood pressure (also known as hypertension) is very…
ASEAN Signs Digital Pact as Wong Urges Payment and Energy Links
The Association of Southeast Asian Nations (ASEAN) signed a digital pact covering trade and data as Singapore Prime Minister and Finance Minister Lawrence Wong urged closer payment and energy ties at the Manila summit. Member states signed the…
Older state pensioners can get £238 per week 'additional' payment
The DWP has increased AP for older state pensioners Older state pensioners are being handed another payment boost next April, not just for the basic state pension rate they receive, but also for a still-valid payment that's exclusively given to…
PIP claimants could boost monthly payments by up to £657 - check if you are eligible
Illustrative image of a couple using a laptop at home. People receiving one component of the Personal Independence Payment (PIP) at the standard rate could boost the amount of support they receive from the Government by as much as £657.20 if…
Pensioners across the UK to receive up to £300 payment boost from today
Pensioners across the UK are set to receive a payment boost starting today. The Department for Work and Pensions (DWP) recently confirmed it would start sending out its annual Winter Fuel Payments from mid-November. It can be a stressful time for…
Temperature it has to be for £25 cold weather payments to be issued
Many people will be turning their heating up and thinking of other ways to stay warm during the winter months. The Department for Work and Pensions (DWP) gives payments to millions of low-income households to help them with their bills each year.
DWP confirms 86 musculoskeletal conditions that qualify for £114 weekly payment
The Department for Work and Pensions (DWP) has confirmed the full list of 86 musculoskeletal conditions that could qualify claimants for weekly payments of £114. There were a total of 1,253,148 Personal Independence Payment (PIP) claims for…
DWP confirms major £488 boost to state pension payments next year
The Department for Work and Pensions (DWP) has confirmed that state pensioners will receive an extra £488 a year from 2027. In a policy paper published this week, the DWP announced the proposed new state pension rates from April 2027. It…
Illinois Family Dollar customers to receive payments from $63M settlement over price discrepancies
Illinois customers will soon receive payments after Family Dollar agreed to a $63 million settlement over allegations of price discrepancies at its stores, officials announced Friday. Illinois, the Federal Trade Commission and 16 other states sued…
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