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 £2,100 alert over state pension payments
The DWP has released an update regarding additional payments being made to pensioners. The Government issued a statement after a question from an MP. DUP MP Jim Shannon raised an issue with Labour ministers in a written parliamentary question…
DWP state pension age rises and payments increase from Monday
Significant alterations to state pensions are taking effect from April, impacting both the sums received by pensioners and the retirement age for certain people. As the fresh tax year begins on Monday, April 6, those drawing pensions are witnessing…
DWP benefits shake-up as deadline switched for some payments
Thousands of benefit claimants have been handed a last-minute reprieve after ministers quietly pushed back a key deadline in a sweeping welfare overhaul. The Department for Work and Pensions (DWP) confirmed it is extending the cut-off for some of…
DWP update over £2,100 extra payments into pensioner bank accounts
Pensioners can get several means of Government support The DWP has issued an update about some extra payments going out to pensioners. A minister issued a statement after a question from an MP. DUP MP Jim Shannon asked Labour ministers what steps…
Payment dates and eligibility criteria for one-off €285 social welfare bonus
A social welfare scheme helping families cover the expense of school uniforms and footwear will be distributed later this year. Applications for the Back to School Clothing and Footwear Allowance (BSCFA) will commence in June 2026. A number of…
Age change and payment rise in DWP state pension changes from Monday
Some key changes to state pensions are happening from April, affecting the amounts of income that pensioners have as well as the age at which some people may retire. With a new tax year starting on Monday, April 6, pensioners are seeing a boost to…
Borrower Flees Country Over $60 Monthly Loan Payment-NYT Story Draws Backlash
The New York Times defended a student loan borrower who fled the nation over a $60 monthly loan payment. The New York Times interviewed several people who borrowed thousands of dollars in student loans backed by taxpayers or left college with debt.
Eurosystem sets strategy for future of European payments
The Eurosystem, the collective body comprising the European Central Bank (ECB) and the national central banks of the 20 member states that have adopted the euro, published its comprehensive payments strategy this week. This strategic roadmap…
Samsung owner family to complete W12tr inheritance tax payments this month
The owner family of Samsung Group is set to complete the payment of roughly 12 trillion won ($8 billion) in inheritance taxes on assets left by the late Chairman Lee Kun-hee later this month, industry sources said Sunday. The payments, scheduled…
Families must 'check the box' for $1k bank payment as April tax deadline looms
FAMILIES still have time to score $1,000 in a savings account for their children before the April 15 tax deadline. Children born between January 1, 2025, and December 31, 2028, are eligible for a $1,000 deposit in the account from the federal…
Brits warned of State Pension 'crisis' as payment age rises once again
The State Pension is set to rise from 66 to 67 from tomorrow, but Brits are being warned of an impending 'crisis' as many are already struggling financially. Patrick Thomson, the head of Research Analysis and Policy at the Standard Life Centre for…
DWP state pension changes from Monday with age change and payment rise
Some key changes to state pensions are happening from April, affecting the amounts of income that pensioners have as well as the age at which some people may retire. With a new tax year starting on Monday, April 6, pensioners are seeing a boost to…
DWP cutting Universal Credit payment by £188 from Monday - but not for everyone
The DWP is cutting an important health payment for some Universal Credit (UC) claimants from Monday. It's part of controversial welfare changes announced by Chancellor Rachel Reeves. The UC health top-up payments is being slashed for some people.
Allowance claim can save couples up to £1,260 with HMRC backdating payments
The tax-free Personal Allowance has remained frozen for several years and will continue at its modest £12,570 threshold for at least another five years following the government's latest extension, which came into effect last Monday. It's been…
New data shows Maine has yet to spend nearly two-thirds of its opioid settlement funds four years after payments began
MAINE, USA — Maine has spent just over a third of the opioid settlement funds it has received during the past four years, according to new data released this week by the Maine Opioid Settlement Support Center at the University of Southern…
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