Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Binance US to suspend dollar transactions after payment partners pause activity
Move is latest blow to crypto exchange after SEC files 13 charges against it and associated entities We'll send you a myFT Daily Digest email rounding up the latest Binance news every morning. The American arm of Binance is suspending dollar…
Food stamp payments late for thousands of Georgians
Georgia failed to pay food stamp benefits on time to tens of thousands of residents last month, according to newly released state public records. In all, about 37% of applications for the Supplemental Nutrition Assistance Program (SNAP), still…
Brookfield agrees £2.2bn acquisition of payment processor Network International
Canadian investment group plans to combine business with former First Abu Dhabi Bank unit Magnati Receive free Brookfield Asset Management Inc updates We'll send you a myFT Daily Digest email rounding up the latest Brookfield Asset Management Inc…
Late payments and confusion: One startup's struggle to make rent easier
Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters. Like many households over the past year, Jose and his family were being squeezed by rising costs. “Everything is going up,” he…
Future of Finance: PayPal's Fernandez da Ponte on how B2B payments could spur crypto adoption worldwide
Welcome to Future of Finance, where Fortune asks prominent people at major companies about their jobs, how their firm fits into the crypto ecosystem, and what this all means for how we use money. Jose Fernandez da Ponte is four years into his…
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
Digital payments firm Strike has moved all customer bitcoin (BTC) and U.S. dollar (USD) assets to its own in-house infrastructure, according to a June 8 blog post by CEO and cofounder Jack Mallers. Mallers says the move is part of a two-year effort…
The Risks of Storing Money in Apps Like Venmo and Cash App
Millions of Americans use mobile payment apps to pay friends, family and retailers, but they may not know that money held in the apps often lacks federal insurance protection. Unlike deposits in savings and checking accounts at federally insured…
Trump Indicted: Trump Is Charged in Classified Documents Inquiry
The Justice Department took the legally and politically momentous step of lodging federal criminal charges against former President Donald J. Trump, multiple people familiar with the matter said on Thursday, following a lengthy investigation of his…
Why Is Your Monthly Mortgage Payment Higher Than You Thought?
The median monthly cost of homeownership is $1,672, according to the U.S. Census Bureau's latest American Community Survey (2021). The median amount may vary by state (for example, homeowners in California and Hawaii pay more than $2,500, while…
CAB Payments plans London listing
British business-to-business cross-border payments firm CAB Payments is planning to list on the London Stock Exchange. The company, which specialises in cross-border payments and foreign exchange for firms operating in emerging markets, will seek a…
The Rise of Contactless Payments and its Impact on Consumer Behavior
The rise of contactless payments has been spurred by the global movement toward a more practical and seamless payment experience. Consumers are embracing the ease and quickness of tapping their cards or utilizing mobile payment apps to make…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/7K7TV7EYJ5OSBL5DKARPMPUXNY.jpg)
China mutual fund sales dry up amid market gloom
[1/2] An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter HONG KONG, June 9 (Reuters) - Money managers in China are struggling to lure retail investors, with…
Luzerne County starts issuing payments to American Rescue recipients
Luzerne County has started disbursing American Rescue Plan awards to outside entities that have completed all required paperwork, county Manager Romilda Crocamo told council in an email update this week. Diane Cowman picked up a $200,000 check…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OH66JPUBBRJBJNIEBIKDGNNB6I.jpg)
Exclusive: VTB to sell one of Russia's biggest grain traders, Demetra-Holding, CEO Kostin says
MOSCOW, June 9 (Reuters) - VTB, Russia's second largest bank, will sell its stake in one of Russia's biggest grain traders, Demetra-Holding, and is in negotiations with both Russian and foreign buyers, CEO Andrei Kostin told Reuters in an…
Exact code to spot when £100 payment lands in bank accounts within days
MILLIONS of bank account holders will get £100 free cash paid directly within days. The money comes as part of a new reward for Nationwide Building Society customers. The Nationwide Fairer Share is for millions of its members who hold a…
Receive a Daily briefing on Payments Industry News
Get Started