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 Universal Credit extra payment for 260,000 'must be fixed'
A DWP benefit payment received by 260,000 young people in the UK “must be fixed”, officials have been told ahead of a major new report due out within days. Senior Labour figure Alan Milburn will present recommendations to Prime…
Borrowers managing mortgage payments despite cost pressures, says UK Finance
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. Mortgage arrears and repossessions fell annually in the…
Post Office urges retailers to keep cash payment options open for customers
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. Nearly a third (29%) of people have been unable to pay at…
Borrowers managing mortgage payments despite cost pressures, says UK Finance
Mortgage arrears and repossessions fell annually in the third quarter of this year, according to a banking and finance industry body, despite some rising cost pressures for households. UK Finance said 76,080 homeowner mortgages were in arrears of…
A $776 Car Payment Is a Warning for Ford and General Motors
Ford Motor Company (F -2.04%) and General Motors (GM -1.75%) investors have plenty of reasons to cheer when customers choose high-priced trucks, SUVs, and premium trims. Selling a richer mix of vehicles can help drive profits without requiring a…
KAYKO earns global security certification ahead of card payment service rollout
Rwandan fintech company KAYKO Group Ltd has secured an international payment security certification, strengthening its readiness to introduce bank card payment services for small and medium-sized businesses through its integrated digital platform…
Post Office urges retailers to keep cash payment options open for customers
Nearly a third (29%) of people have been unable to pay at a store checkout in the past year because a retailer did not accept a payment method they could use, a survey has found. Among those affected, more than one in five (21%) said the retailer…
Co-payments for hearing aids will decrease in the new year
The copayment for hearing aid buyers will decrease in early 2027. (File photo) Lower out-of-pocket costs for buyers: The flat-rate reimbursements under disability insurance and the AHV for hearing aids for adults will increase by 10 percent. The…
Divers find nearly 350-year-old shoe and slave payments on shipwreck off Sweden
Maritime archaeologists investigating a 17th-century shipwreck off the coast of Sweden have discovered a fancy shoe and two metal rings used as currency in the transatlantic slave trade. The items were lost during a mutiny on a slave ship in 1683…
Want to move? Homeowners in these 6 U.S. cities could see their mortgage payments more than double
The housing market is locked up—and looking at one key number, it's easy to see why. High mortgage rates are the main force freezing existing U.S. homeowners in place, with many would-be home sellers reluctant to part ways with much lower…
Exclusive-CD&R, GTCR drop pursuit of Global Payments, sources say
By Milana Vinn and Amy-Jo Crowley NEW YORK/LONDON, Nov 12 (Reuters) – Private equity firms CD&R and GTCR have dropped their pursuit of Global Payments, according to two people familiar with the matter. The buyout consortium walked…
Ethereum Service Plan Would Pair Escrow Payments With Human Review
An Ethereum service market outlined by hitesh.eth would hold payments under agreed terms and send work-quality disputes to human reviewers, addressing tasks that code cannot assess on its own. The English-language version appeared Nov. 11. The…
Anchorage Digital's Stablecoins Can Now Settle Payments on Visa's Network
Anchorage Digital is extending its stablecoin reach into one of the world's largest payment networks, teaming up with Visa to let select Anchorage-issued tokens settle transactions directly on VisaNet, starting with Western Union's USDPT. Under the…
State pensioners who won't get Winter Fuel Payment despite being right age
Five groups of state pensioners will not be eligible for a Winter Fuel Payment this year The Department for Work and Pensions (DWP) has confirmed five groups of state pensioners who will not get a Winter Fuel Payment this year, despite being the…
Exclusive-CD&R, GTCR drop pursuit of Global Payments, sources say
NEW YORK/LONDON, Nov 12: Private equity firms CD&R and GTCR have dropped their pursuit of Global Payments, according to two people familiar with the matter. The buyout consortium walked away from talks to acquire the payments processor after…
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