Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Speed And Security: What The Global Payments Conversation Is Missing
Afenifere Hammed Adewumi is the Co-Founder & CEO of Spark Tech Hub Ltd, the parent company of Oneremit. Recently, my company hosted more than 40 senior finance leaders from across Nigeria's automobile, import/export, distribution, banking, travel…
Announcement of early redemption (incl. the record date and the payment date) of the Inbank bonds
AS Inbank has decided to prematurely redeem the Additional Tier 1 bonds issued on 1 November 2021, registered under ISIN code EE3300002286 (hereafter: Inbank AT1 Bonds). The early redemption will be carried out in accordance with the terms and…
Bank of America Launches Payments Insights for CashPro Clients
Turning payments data into action Through proprietary peer benchmarking and dynamic visualizations, Payments Insights will help treasury teams explore trends and identify areas that may require attention. The new insights offering expands the AI…
As China-Rwanda trade grows, payment systems must keep pace
Trade ties between China and Rwanda are expanding quickly, but the systems used to move money between the two markets have not always kept pace. For many local traders, paying Chinese suppliers has involved several costly steps. Businesses may…
Citigroup Expands Coinbase Partnership for Stablecoin Payments
Banking giant Citigroup is expanding its partnership with cryptocurrency exchange Coinbase as it moves deeper into stablecoin payments and blockchain-based financial services. According to a Wall Street Journal report, Citi plans to use Coinbase's…
DWP told to stop PIP payments for 52,210 claimants with 'non-specific' condition
The Department for Work and Pensions has awarded Personal Independence Payment to tens of thousands of claimants citing 'non-specific' back pain as their primary condition. According to the Telegraph, the number of PIP recipients whose payments are…
Mastercard beefs up commercial payments with AI-driven B2B analytics (MA:NYSE)
Mastercard (MA) introduced a card acceptance analytics platform that provides actionable supplier payment insights for financial institutions' clients in minutes, the company said Monday. The new solution is designed to smooth a common pain point…
Senate nears vote on college sports bill that would rein in athlete payments and transfers
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Sante Nou Health Partners With Strictly to Embed Integrated Payments Into Its Healthcare Platform
'Healthcare remains far more fragmented than it should be, and the financial experience between providers and patients is an important part of solving that problem,' said JP Michel, Chairman and CEO of Sante Nou Health. 'By integrating Strictly's…
Older people on PIP may be due backdated DWP payments
Certain groups of older people on Personal Independence Payment (PIP) with an award for the lower rate of mobility element may be able to ask the Department for Work and Pensions (DWP) to look again at their claim following a recent change in the…
Predictions and risks for the payments sector
Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. When you look at the next coming year, what do you think…
Metro Detroit utility payments surge 15%
Detroit-area electricity and gas payments rose faster this summer than in any other major metro studied by Bank of America. Why it matters: Households are getting squeezed by rising energy costs even as Michigan's typical electric bill sits below…
Brits urged to check as HMRC dishes out £2,240 payments
People may not be aware that they are owed thousands People born between certain dates have been urged to check if they're owed thousands from HMRC, as data shows more than 700,000 accounts may have been forgotten about. Brits born between 2002 and…
UK households handed extra £300 winter heating payments
The Scottish Emergency Heating Oil Scheme has been extended into winter UK households are being handed extra £300 winter heating payments as a government scheme has been extended. The Scottish Emergency Heating Oil Scheme was introduced on…
Senate passes college sports bill that would rein in athlete payments and transfers
WASHINGTON, DC - SEPTEMBER 14: U.S. Senate Committee on Commerce, Science & Transportation ranking member Sen. Maria Cantwell (D-WA) (C), committee Chairman Ted Cruz (R-TX) and Sen. Shelley Moore Capito (R-WV) hold a news conference with NCAA…
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