Payments Industry News

A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

Amazon debuted hand-scan payments to help expand its retail push

Business Insider – Adriana Nunez – Sep 30

Amazon launched Amazon One, a biometric technology that'll allow customers to make contactless payments using hand-scanning technology. The launch could help further Amazon's payments and retail push. Insider Intelligence publishes hundreds of…

Singapore Shuts Wirecard Payments Operation

Wall Street Journal – Paul J. Davies – Sep 30

Singapore's central bank ordered Wirecard AG to shut its local payment network and return customer funds, the latest step in the dismantling of the former fintech star that was sunk by an alleged multibillion-dollar fraud. The Monetary Authority of…

bmj.com - Voluntary disclosures of payments from pharmaceutical companies to healthcare professionals in Germany: a descriptive study of disclosures in 2015 and 2016

Voluntary disclosures of payments from pharmaceutical companies to healthcare professionals in Germany: a descriptive study of disclosures in 2015 and 2016

BMJ – Sep 30

http://orcid.org/0000-0001-8847-5497 Marlene Stoll,2, Lara Hubenschmid2, http://orcid.org/0000-0003-0827-7023 Cora Koch3, Klaus Lieb, Department of Psychiatry and Psychotherapy, University Medical Center Mainz, Mainz, Germany Leibniz Institute for…

US politicians weigh response to OCC payments charters

Finextra Research – Editorial Team – Sep 30

With financial technology firms growing fast and big tech outfits increasingly moving into the FS sector, a senior US politician has warned about the risks of 'too-big-to-fail' fintechs. In a hearing of the House of Representatives Task Force on…

Ecommpay launches open banking payments system for UK market

Finextra Research – Editorial Team – Sep 30

International payment service provider and direct bank card acquirer, ECOMMPAY, has today announced the launch of its new payment system Open Banking by ECOMMPAY, which enables consumers to initiate online payments to merchants. The…

Amazon Trials Palm Scanner for Contactless Payments

Infosecurity Magazine – Phil Muncaster – Sep 30

Amazon has unveiled a new biometric scanner it hopes will streamline contactless payment security and physical access for consumers and businesses. Currently being trialled in a couple of Amazon Go stores in Seattle, the Amazon One scans the user's…

Faster payments are complex, but consumer demand is high

PaymentsSource – David Heun – Sep 29

Processing transactions quickly enough to serve digital commerce comes with arduous upgrades and complicated choices, but that's only the stick. The carrot is people like faster payments, so there's plenty of opportunities to boost payment revenue.

Second stimulus check: Democrats' $2.2 trillion bill includes $1,200 payments, $600 in unemployment

syracuse – Leada Gore | lgore@al.com – Sep 30

Can the South handle another recession? In what may be a last-ditch effort before the presidential election, Democrats have unveiled a $2.2 trillion coronavirus relief package that includes a second round of stimulus payments and a boost to…

TAP defers lease payments and looks to sell up to eight aircraft

Flightglobal.com – Cirium – Sep 30

TAP Air Portugal has negotiated payment deferrals covering about 60% of its leased fleet, and is looking at selling up to eight Airbus narrowbodies as well as returning some aircraft early to lessors. The Portuguese flag carrier has made the…

thestar.com - Ann Marie Elpa - Deferral on OSAP payments ends today. Facing tens of thousands of dollars in debt and dismal job prospects, these postgraduates are worried

Deferral on OSAP payments ends today. Facing tens of thousands of dollars in debt and dismal job prospects, these postgraduates are worried

thestar.com – Ann Marie Elpa – Sep 30

Aditi Damle knows all too well the struggles of repaying an Ontario student loan. The recent computer science graduate from the University of Toronto faced the pressure of trying to find a full-time job in a highly competitive, scarce job market…