Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Am I getting an energy bill rebate check? New York POWER payments, timeline, and eligibility explained
Next week, a large percentage of New York State's roughly 20 million residents will begin receiving a one-time check worth up to $200. The payment aims to provide relief to cash-strapped New Yorkers who are increasingly dealing with higher living…
BharatPe's Stance On UPI MDR: Why The Fintech Firm Supports New Payment Framework
Fintech giant BharatPe has officially endorsed India's new UPI MDR framework, which introduces a 0.4% fee on larger merchant transactions, while clarifying its separation from former co-founder Ashneer Grover's opposing views. BharatPe supports the…
SBB Stops Accepting Cash Payments at Numerous Vending Machines
Anyone who wants to pay for their ticket in cash at a ticket machine may currently find the ticket window closed at many locations. SBB has disabled the cash payment function on several machines due to an increase in break-ins and vandalism. SBB…
Chainlink Connects 600+ Banks to Onchain Payments
Bottomline, a top-three Swift service provider moving more than $16 trillion in payments annually, has launched Global Pay Connect, a new onchain payment connectivity platform for 600+ banks powered by Chainlink. The move gives financial…
Inside India newsletter: The world's largest real-time payments system will no longer be free for all
The Indian government is planning to impose a fee on merchants receiving payments above $20 via its payment system, unified payment interface or UPI. The UPI payment system on average processes over 1.1 million transactions every two minutes, as…
State pensioners born before this year to get automatic HMRC £300 payment in bank accounts
State pensioners born before this year to get automatic HMRC £300 payment State pensioners born before 1960 could get an automatic HMRC payment up to £300 in their bank accounts this winter. The annual tax-free payment helps older…
BofA's CashPro App facilitates more than €100 billion in payments approved European companies
The shift reflects how mobile access is becoming embedded in corporate treasury workflows, particularly for secure authentication and payment approvals. Bank of America has continued to expand the app's functionality and simplify its design so…
People on Basic State Pension could be due extra DWP payment
The latest statistics from the Department for Work and Pensions (DWP) show the State Pension currently provides a regular financial income for over 13million older people across the country, including more than one million retirees living in…
Petrol pumps in Mumbai threaten to stop UPI payments over revised MDR
Petrol pumps across Mumbai may discontinue UPI payments from October 15 if the Centre does not exempt fuel retailers from the revised merchant discount rate (MDR) on UPI transactions above Rs 2,000. The Petrol Dealers Association of Mumbai on…
Three ways to beat state pension tax trap as payments on track to hit £13,036
State pension rise set to cause tax headache for more Brits - 3 ways to reduce burden Finally, we've been given a nearly nailed-on projection of how much state pension rates will rise next April. The reality is bittersweet, as while the few extra…
Apple Pay down: Hundreds experiencing issues with iPhone payment outage
Apple Pay appears to be down, with hundreds of reports flooding in to claim the popular payment service via iPhone is not working. According to DownDetector, there are nearly 300 reports of issues with the Apple Pay product. Tech news, reviews and…
Stoke-on-Trent money launderer snared over £34k payment as two others on the run
Dad-of-two Wahaab Aslam concealed £34,149.98 in his bank account. The 32-year-old was aged 24 when he agreed to let others pay £34,149.98 into his account which they had fraudulently obtained by tampering with an invoice. Now Aslam has…
Bottomline Debuts SaaS Platform to Improve Payment Messaging
Global Pay Connect is aimed at helping “financial institutions extend their payments infrastructure beyond traditional connectivity through API-enabled services and third-party data integration,” per the release. “Financial…
Exact number of points new PIP claimants need for payment of £778 a month
The latest figures from the Department for Work and Pensions (DWP) show there are now more than 4.1 million adults in England and Wales claiming Personal Independence Payment (PIP). People claiming PIP are assessed using a points-based system that…
Payment giants battle the fear factor in agentic commerce
Key insight: Mastercard and Visa have updated agentic commerce tools to bolster AI agent risk. What's at stake: The card brands are trying to address concerns about AI agents going outside of their instructions. Expert quote: 'Agentic commerce will…
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