Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
UK-registered firms linked to payments for small-boat crossings, BBC finds
Josie Hannett,BBC Local Investigations People smugglers are directing migrants to pay for illegal Channel crossings using a network of UK-registered businesses, a BBC investigation has found. We secretly filmed staff at a shop in south-east London…
UK-registered firms linked to payments for small-boat crossings, BBC finds
William McLennan, Colin Campbell and Josie Hannett, BBC Local Investigations People smugglers are directing migrants to pay for illegal Channel crossings using a network of UK-registered businesses, a BBC investigation has found. We secretly filmed…
Second round of May Social Security payments goes out in 4 days
The second round of May Social Security payments for retirees, now capped at $5,181, will be issued in four days. Retirees born between the 11th and 20th of a month will receive this payment on May 20. The first round went out on May 13 to those…
Nationwide customers may need to act to avoid disruption to payments
People have been warned action may need to be taken Nationwide has urged customers to follow its latest guidance carefully when switching bank accounts, warning that some payments could fail if the correct steps are not followed. The building…
Social Security Recipients Could See Larger Payment Adjustment In 2027 Amid Higher Inflation
Authored by Jack Phillips via The Epoch Times (emphasis ours), A senior citizens group has forecast that the cost-of-living adjustment (COLA) for Social Security payments will increase by 3.9 percent next year, more than 1 percentage point higher…
WASPI women renew DWP compensation fight over 'flat payment scheme
Women Against State Pension Inequality (WASPI) campaigners have restarted their fight to receive compensation from the DWP. Labour announced in January that 1950s-born women would not receive any pay-outs. WASPI has campaigned for over a decade to…
Are You Who You Say You Are? Digital Trust In Agentic AI
Xinhua News Agency via Getty Images Are you who you say you are? For a while now, proving one's digital identity meant establishing that the transactor is a human, and verifying that they are who they say they are. The emergence of agentic AI has…
The Future of Weigh Station Bypass - TT
Weigh station bypass has moved from a convenience to a core part of how fleets move. Speed used to drive the planning. Now consistency does, because future performance depends on how steadily fleets can avoid unnecessary stops across networks that…
Smoke Weed and Earn Bitcoin' with This Vape Pen in Our Increasingly Dystopian Nightmare
Gudtrip is a cannabis vape pen from blockchain hardware manufacturer Puffpaw that is touting its ability to allow consumers to earn bitcoin while they smoke weed. Each of the company's individual vape pen products has $2-3 worth of bitcoin attached…
How a 'glitch in the system' landed a student-loan borrower in court
Hannah Bates didn't believe the email. 'Congratulations! We received the final payment on your loan,' read the surprise message from Sallie Mae, her student loan lender. It was October 2024, and Bates owed Sallie Mae $55,000, with years of payments…
Truist Raises PT on Visa (V) Stock
Visa Inc. (NYSE: V) is one of the Best Fundamentally Strong Stocks to Buy Now. On May 12, Truist analyst Matthew Coad lifted its price objective on the company's stock to $371 from $361 and kept a “Buy” rating on the shares. This…
Truist Lowers PT on Mastercard Incorporated (MA) Stock
Mastercard Incorporated (NYSE: MA) is one of the Best Fundamentally Strong Stocks to Buy Now. On May 12, Truist reduced its price objective on the company's stock to $561 from $590 and kept a “Buy” rating on the shares. This was part…
Crypto Payments App Oobit Expands to Colombia After Explosive 200% Growth in Brazil
Backed by a $25M Tether round, Oobit launched its crypto payment card in Colombia, its 9th market. In Brazil's massive crypto economy, Oobit users average 20 transactions per month, mostly using USDT. Following large growth in the region, Oobit CEO…
Instead of opting in, millionaires should have to opt out of paying extra tax | Letters
Participation rises sharply when contribution is the default position rather than requiring active enrolment, writes James Kyle The finding that three-quarters of UK millionaires say they would be willing to pay more tax (Report, 13 May) is…
Wheaton Precious Metals (WPM) Raises Its Dividend Again As Cash Flow Strengthens
With an impressive short percentage of shares outstanding of 0.77%, Wheaton Precious Metals Corp. (NYSE: WPM) is among the 10 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion. Wheaton Precious Metals Corp. (NYSE:WPM) announced on May 8…
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