Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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ComBank and Abans forge landmark partnership with POS and digital payments rollout
The Commercial Bank of Ceylon is to roll out a major point-of-sale (POS) and digital payments solution across the national retail network of Abans PLC – in a partnership that sets a new benchmark for bank–retailer collaborations in…
When to expect DWP Christmas payment into your bank account
Thousands of people across the UK will receive a small financial boost from the Department for Work and Pensions (DWP) in the run-up to Christmas. The annual £10 Christmas Bonus is automatically paid to recipients of certain benefits to help…
Forget Interest Payments: Here Are 7 Other Surprising Ways Credit Cards Make Money
Most people know the big one. If you carry a balance, you pay interest, and that interest is sky high. The average credit card APR now sits above 20%. For banks, that's the main event. But that's only part of the story. Even if you never pay a…
Two groups newly qualify for increased social welfare payment worth €312
Two groups have recently become eligible for an increased social welfare payment worth €312. The Back to Work Family Dividend is designed to help families move from social welfare into employment. It provides financial support to people with…
BlackRock's Bitcoin clients aren't 'underwriting' the case for global payments
BlackRock's head of digital assets, Robbie Mitchnick, said that most of the world's largest asset managers' clients aren't considering Bitcoin's use for daily payments when deciding whether to invest in the asset. “I think for us, and most…
Fraud, gang payments, cover-ups
THE clandestine siphoning of $8 million, which was secretly divided among LifeSport insiders and a senior government official, was only the tip of the iceberg in a far deeper web of corruption and greed surrounding the $440 million programme. Apart…
CAG exposed lies of Revanth Reddy govt. on debt, monthly interest payments: KTR
Working president of the Bharat Rashtra Samithi (BRS) K.T. Rama Rao (KTR) has criticised Chief Minister A. Revanth Reddy for repeatedly exaggerated figures on Telangana's debt and interest payments. Quoting the latest CAG report for October, he…
Walmart shopper sees new self-checkout payment issue as retailers give warning
A WALMART shopper was short changed after he used a self-checkout machine because of the national coin shortage. On the social media platform Facebook, the customer said that he lost out on two cents because Walmart didn't have any left to give.
BlackRock Clients Not Betting On Global Payment Network For Bitcoin
BlackRock's head of digital possessions, Robbie Mitchnick, stated that the majority of the world's biggest possession supervisors' customers aren't thinking about Bitcoin's usage for day-to-day payments when choosing whether to purchase the…
Global Payments Inc. $GPN Holdings Boosted by Vanguard Group Inc.
Vanguard Group Inc. raised its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned…
CenterBook Partners LP Trims Stock Holdings in Shift4 Payments, Inc. $FOUR
CenterBook Partners LP reduced its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 53.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The…
Americans Are Falling Behind On Car Payments Like It's 1992 All Over Again
Subprime borrowers behind on car payments hit the highest level on record. Fitch data shows 6.65 percent of subprime loans are over 60 days overdue. Prime borrowers remain stable, highlighting the ongoing cost-of-living strain. Buying a new car can…
Weak won lifts exporter stocks, weighs on import-reliant firms in stock market
An increasingly weak won is expected to split the stock market, boosting exporters who earn more from stronger dollars while squeezing manufacturers that rely on imported raw materials and therefore face lower margins, analysts said Sunday. They…
BYJU'S founder to appeal US court order demanding $1B payment
The Delaware bankruptcy judge issued a default judgment after finding that Raveendran had repeatedly ignored court orders and provided 'evasive, incomplete' responses regarding some $533 million. The amount was allegedly transferred by BYJU'S US…
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