Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Payments revolution won't happen on slow blockchains
Stablecoins, the digital dollars that move on blockchain rails, can move money instantly across borders at a fraction of the cost of traditional payment systems. It's easy to see why they're being talked about as a revolution for payments and…
Turkish Fintech Firm Midas Plans Expansion Into Payment Systems
Turkish financial technologies firm Midas has applied to the central bank for an electronic money institution license as it seeks to launch digital consumer payments products. Midas Finansal Teknolojiler AS, as the company is officially known in…
VAT to be increased to fund 13th Swiss pension payment
The Senate and the House of Representatives had long debated whether the “13th month's pension” under the old-age pension scheme should be financed solely through VAT, or through a combination of VAT and payroll deductions. On Friday…
GoMining challenges Jack Dorsey's Square with a pure BTC payment rail
Bitcoin mining company GoMining said it is making it easier for companies to accept bitcoin payments, bringing it into competition with companies including Block's (XYZ) Square. Where GoMining says it differs from incumbents is that the entire…
XRP Ledger Payments Spike to 500 Million Threshold, but Yet to Break It
Despite the recent price collapse of the asset, XRP's network activity is demonstrating resilience. The amount of money transferred between XRP accounts has already surpassed 500 million XRP daily, according to on-chain data, and on June 18 it was…
PIP payments could stop if you go on holiday this summer
There are several changes in circumstances people receiving Personal Independence Payments (PIP) must tell the Department for Work and Pensions (DWP) about or risk losing their benefit entitlement and having regular payments paused or stopped. It's…
DWP Pension Credit payments could be stopped if you don't follow holiday rules
More than 1.4 million older people across Great Britain are currently in receipt of Pension Credit, a gateway benefit that currently provides an average of £4,300 each year in additional financial support for those aged over 66 on a low…
The risk for banks as embedded payments take off
Key insight: Banks risk falling behind rivals in offering embedded payments. What's at stake: Embedded payments will soon become ubiquitous, creating a need to offer the service at scale. Forward look: Small businesses are increasingly looking for…
People on PIP may be able to increase monthly payments by over £650
The latest figures from the Department for Work and Pensions (DWP) show there are now more than 4 million people across England and Wales in claim for Personal Independence Payment (PIP). The data also indicates 38,000 changes of circumstance were…
Full list of key differences between Adult Disability Payment and PIP
Adult Disability Payment (ADP) has replaced Personal Independence Payment (PIP) for all new and existing claimants in Scotland, but the two benefits are not identical. While the payment structures are the same, the biggest differences are in how…
Pension Age Disability Payment reviews may be lighter for lifelong conditions
Older people claiming Pension Age Disability Payment (PADP) in Scotland may face lighter-touch reviews if they have conditions unlikely to improve, according to guidance used by Social Security Scotland decision makers. The benefit, which has…
Seven signs you could be eligible for Adult Disability Payments of up to £778
Nearly half a million people are now receiving Adult Disability Payment (ADP) in Scotland, but some people thinking about making a new claim may not realise the everyday support needs that could count towards eligibility for the benefit. The…
Pension Credit payment rules to know before going on holiday this summer
More than 1.4million older people across Great Britain, including over 125,000 living in Scotland, are currently receiving Pension Credit, a gateway benefit that currently provides an average of £4,300 each year in extra financial support for…
Work out of goodwill': Singapore nightlife freelancers face delayed payments, unpaid dues
With 15 years under her belt along with successful gigs at countless big clubs and festivals, DJ Red has quite the resume. Yet, even with such extensive experience, the 33-year-old, who also manages a group of disc jockeys, has not been spared from…
53% of Businesses Plan RTP Adoption as Payment Habits Shift
That was one of the more practical takeaways from the PYMNTS Intelligence report “ Ready and Willing: B2B Payments Are Headed for Real-Time Rails. Here's How They're Getting There,” a collaboration with The Clearing House. The report…
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