Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry
is cutting 2,600 jobs, or about 7% of its workforce, as it works to adapt to the rapidly changing payments industry. Chief Executive Ryan McInerney said in a memo to employees that most of the roles affected would be in technology and product…
New Education Secretary vows to look at 'egregious' student loan payments
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The new Education Secretary has said she is…
Magensa Payment Gateway Completes Level 3 Certification with Global Payments Canada, Extending Services to the Canadian Market
Magensa's platform brings a broad set of capabilities to Canadian ISVs and enterprises, including full eCommerce capabilities supporting in-app and web-app Apple Pay and Google Pay™, tokenization services, and Magensa Portals for boarding…
Visa layoffs: Thousands of jobs slashed at the payments giant as CEO memo points toward AI acceleration
Visa Inc. is preparing to lay off about 2,600 workers, or about 7% of its workforce, the payments processing giant confirmed with Fast Company. The cuts come as the company faces an ever-changing payments landscape, increasingly disrupted by…
Trump Claims E. Jean Carroll Pulled 'Bait-and-Switch' With $5.6M Payment
President Trump says E. Jean Carroll pulled a $5.6 million 'bait-and-switch'... claiming she promised to park his payout somewhere safe before moving it into a personal investment account. In new court docs, obtained by TMZ, Trump says Carroll's…
LanDynamix highlights growing scourge of payment fraud in SA
LanDynamix Founder and CEO, Peter Clarke. Payment fraud is a critical and growing crisis in South Africa. It is costing billions of rands annually and showing massive spikes in digital banking and mobile app fraud. Criminals are increasingly…
Elon Musk's X Forays Into Digital Payment Services In US
While Elon Musk's net worth has plunged below the 700 billion mark, the tech billionaire's micro-blogging platform X has forayed into the digital payment services vertical via X Money. This feature allows users access to banking and financial…
PayPal Expands Into Stablecoins and AI Payments
Latest News PublishedJul 28, 2026 PayPal highlighted growth of stablecoins and AI-driven payment tools in Q2 while reporting $8.68 billion in revenue and an $81 million crypto-related earnings adjustment. Global payments giant PayPal highlighted…
Embattled LIV Golf tour asks to defer payment to Adelaide golf club
Posted Tue 28 Jul 2026 at 3:14pm Kooyonga Golf Club in Adelaide's west is scheduled to host LIV Golf Adelaide in 2027 before the tour moves to a newly redeveloped North Adelaide Golf Course. LIV has asked for an extension on a payment to Kooyonga…
PayPal Reports $81 Million Crypto Loss as Core Payments Beat Estimates
PayPal officially reported its Q2 2026 results, and the published documents revealed a serious imbalance as cryptocurrency investments brought the payments giant an $81 million net loss, while its core payment services delivered strong growth and…
Jim Cramer says to buy this payments company after its post-earnings pullback
CNBC's Jim Cramer said American Express' post-earnings sell-off has created a buying opportunity. He said management's decision to reinvest profits rather than ramp up buybacks will create more value for shareholders. CNBC's Jim Cramer said Monday…
Is your SASSA grant under review? Expect your August payment to be delayed
SASSA informs beneficiaries about delayed August grant payments over ongoing reviews. The South African Social Security Agency (SASSA) has warned thousands of social grant beneficiaries whose grants are currently under review that they will not…
San Francisco payments giant Visa announces 2,600 layoffs
Visa plans to eliminate about 2,600 jobs, or roughly 7% of its workforce, as the San Francisco payments giant reorganizes its technology and product operations and expands its use of artificial intelligence. Chief Executive Ryan McInerney informed…
Visa to cut 7% of workforce as CEO seeks to revamp payments firm
Visa is eliminating about 2,600 jobs as chief executive officer Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry. The cuts amount to roughly 7 per cent of the workforce and will…
YMCA asks Polk County to delay payments on $6.4M loan again
The YMCA of Greater Des Moines is seeking another year without payments on its $6.4 million Polk County loan, with the possibility of two additional annual extensions. Why it matters: Polk County taxpayers could wait years longer for repayment…
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