Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Is It Smarter To Pay Cash Or Have A Car Payment In Retirement?
Should you pay cash or get an auto loan in retirement? Either way you will be able to go on nice drives to places like Palm Springs, but one way may cost you a lot more in taxes. For many retirees, the question of whether to finance a car or pay…
5 groups of people that will miss out on Winter Fuel Payments worth up to £300
Winter Fuel Payment will soon be issued to millions of pensioners - but there are five groups of people that will miss out. The Winter Fuel Payment is worth up to £300 and will be paid to pensioners in England, Wales and Northern Ireland who…
Limits of 'affordability checks' surface as payments begin to arrive in mailboxes
Kathleen Anderson, 75, doesn't have to file taxes because her income comes from monthly Social Security checks. But this year, Anderson had to file in order to be eligible for a $300 payment from the state. Anderson, who lives in an affordable…
What banks already have that fintechs can't replicate in cross-border payments
Over the past year, I've had countless conversations with treasury and payment teams at major banks, and I'm often asked the same question: how do we compete with wallet-native fintechs on cross-border payments? But as I tell these teams, this…
Five groups who will NOT get the Winter Fuel Payment in 2026
The Department for Work and Pensions (DWP) has outlined which five categories of individuals will be ineligible for the Winter Fuel Payment this winter. Those born on or before 27 June 1960 who meet certain criteria will receive up to £300…
DWP confirms State Pension payments in September based on two-digit code
State Pension payments are issued by the DWP every four weeks The Department for Work and Pensions (DWP) has confirmed State Pension payments of up to £965 for pensioners in September based on a two-digit code. Following a 4.8% uplift at the…
DWP confirms 8 reasons people not eligible for Attendance Allowance payments
The Department for Work and Pensions (DWP) has confirmed the eight reasons why people will not be eligible for Attendance Allowance benefits payments. People who receive the payment can get up to £458.40 a month. Attendance Allowance is a…
DWP confirms full list of 45 cancer conditions that qualify for £748 payments
The Department for Work and Pensions (DWP) has confirmed the full list of 45 cancer conditions that qualify for £748 payments. PIP is a disability benefit intended to help with everyday tasks and extra living costs if someone has a long-term…
State Pension payment inheritance rules after a spouse or loved one dies
The State Pension now provides a regular income for over 13million older people across Great Britain, including more than 1.1m living in Scotland. Payments are issued by the Department for Work and Pensions (DWP) to those who have reached the UK…
South Korea Arrests Four Over Crypto Payments to Syrian Terror Group
South Korean police have charged four Uzbek nationals with financing terrorism, in a case they say is the first to involve crypto flowing out of a designated terrorist group and back as physical goods. The Gwangju Metropolitan Police Agency's…
DWP confirms 300,000 PIP claimants are waiting on a payment award review
The Department for Work and Pensions (DWP) has confirmed that around 300,000 Personal Independence Payment (PIP) award reviews remained outstanding at the latest count. The new figure was disclosed in a written response to a question from DUP MP…
Financial help for pensioners including benefits, discounts and extra payments
The latest figures from the Department for Work and Pensions (DWP) show there are now 13.2 million people of State Pension age across Great Britain, including over 1.1m living in Scotland. Many of those in retirement rely on the contributory…
Visa, Mastercard, and Fiserv Just Joined a Group Writing the Rules for AI Agent Payments
Visa (V -0.35%), Mastercard (MA -0.71%), and Fiserv (FISV +0.41%) recently joined the Agentic Payments Alliance (APA), a coalition assembled by the stablecoin infrastructure company Rain to establish common rules for agentic AI commerce. Let's see…
State pensioners under 77 given bumper £1930.40 Tuesday payments this September
State pensioners will get paid twice in September if they're paid on Tuesdays Some younger state pensioners will have a boosted September with two DWP state pension payments totalling up to £1,930.40. Those who retired after April 2016 are…
DWP confirms compensation rules when Universal Credit rent payments go wrong
The Department for Work and Pensions (DWP) has clarified when compensation could be considered if mistakes involving Universal Credit rent payments leave a landlord out of pocket. Some Universal Credit claimants can have the housing costs part of…
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