Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
SNAP benefits are increasing October 1-New payments revealed
Millions of Americans receiving federal food assistance will see the maximum benefits available through the Supplemental Nutrition Assistance Program (SNAP) increase from October, after the federal government released new benefit levels for the…
More than one million homeowners face £283 monthly increase in mortgage payments
More than a million homeowners face paying £283 extra in monthly mortgage payments as they come off cheaper fixes. New data from Compare the Market shows 1,095,905 homeowners who took out mortgages in 2024 are set to come off two-year fixed…
Amplify Digital Payments ETF: There Are Many Reasons To Look Elsewhere (NYSEARCA:IPAY)
The Amplify Digital Payments ETF targets the digital payments sector but has significantly underperformed the S&P 500 over the past five years. Despite recent momentum, IPAY has posted losses in total returns for four of the last six years. IPAY's…
Insurer escapes payment of $5.25 million judgment
Cincinnati Insurance has prevailed in a lawsuit brought by a fellow insurer over who should pay a $5.25 million judgment tied to a construction site accident that injured a subcontractor's employee. Cincinnati won summary judgment against American…
Rs 30 Lakh Payment' Audio Surfaces In Goa Project Extortion Probe
The authenticity and context of the audio recording have not been independently verified. Summary is AI-generated, newsroom-reviewed An audio recording mentions a Rs 30 lakh payment linked to HoABL One Goa project controversy Mumbai Police arrested…
1,000,000 XRP Ledger Threshold Is Closer: 890,000 Payments in 24 Hours
With daily payments getting close to one million following a significant 24-hour increase, XRP Ledger is getting closer to another significant network-activity milestone. The network processed 879,868 payments on September 1, according to XRPSCAN…
DWP confirms 5 groups who will not get Winter Fuel Payment this winter
The Department for Work and Pensions (DWP) has clarified which five groups of people will not qualify for the Winter Fuel Payment this winter. Individuals born on or before 27 June 1960 who satisfy specific conditions will be entitled to receive up…
Ohio uncovers more alleged Medicaid fraud payments
(The Center Square) – A northeast Ohio behavioral health agency received $1.2 million in improper Medicaid payments, Ohio's auditor said. The state wants $1.4 million in repayment, adding interest, from New Destiny Treatment Center in Summit…
EMVCo Proposes Intent Layer for Agentic Card Payments
That distinction sits at the center of a new effort to build common technical standards for agentic commerce. EMVCo on Tuesday (Sept. 1) released a draft framework designed to help issuers, merchants and other payment participants…
Andy Burnham bumper £9,600 PIP payments
Millions of households are set for bumper PIP payments. Latest figures have provided an indication of how the UK's main disability benefit may rise from next spring. DWP benefits rise each year in line with the CPI inflation rate of the previous…
How ministers got fed up with the Bank of England's payments plan
The government moved to more closely monitor the Bank of England's overhaul of the UK's payments system after growing frustrated with the sluggish pace of the plans, industry figures have said. The Treasury revealed last week it would begin…
Boeing 737 MAX Victim-Fund Payments Set To Begin
Payments from a $444.5 million compensation fund established under Boeing's 2025 agreement with the U.S. Justice Department are set to begin for beneficiaries of the 346 people killed in the Lion Air Flight 610 and Ethiopian Airlines Flight 302…
56% of Consumers Have Faced a False Payment Decline
That opportunity runs through “ The Performance Gap: Why Every Transaction Is a Growth Opportunity,” the August edition of the “Optimizing Payments Tracker Series.” The report finds that failed authorizations, processing…
Winter Fuel Payment warning as pensioners face September deadline
The Government has confirmed that eligible pensioners can choose not to receive the payment - but there are important deadlines to be aware of. Pensioners who do not opt out and have a total income of more than £35,000 will still receive the…
Jackson Hole and G20 Map a Future of 24/7 Payments and AI
Both issues surfaced last week at the Jackson Hole Economic Policy Symposium. Separately, the G20 Innovation Ministerial in Chapel Hill added artificial intelligence (AI) and robotics to the picture, including a Tuesday (Sept. 1) discussion…
Receive a Daily briefing on Payments Industry News
Get Started