Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Won stablecoin push heightens turf war in payments industry
Players in the payments sector are facing intensifying competition to secure a dominant position in the evolving stablecoin market as the government and the ruling party accelerate efforts to institutionalize a won-denominated stablecoin, industry…
Proposal to send Americans $3,000 payments gets a boost
A proposal that would send $3,000 cash payments to millions of Americans gained momentum this week after the nation's largest nurses union formally endorsed the legislation. National Nurses United (NNU) announced its backing of the Make…
Co-op bank issuing free £175 payments
Bank customers are being enticed with up to £175 to switch current accounts – with the added bonus that their move could contribute towards a safe refuge night for a woman and her children fleeing abuse. In a new initiative timed to…
Martin Lewis says 'you'll be told' as millions to get £700 payment
Martin Lewis says people will be told how much they are getting as compensation has now been agreed, which should see average payments of £700 handed out. Martin said anyone who has already applied will be told how much they can get, and will…
Map shows where homeowners have highest tax, insurance payments
A growing share of U.S. homeowners' monthly payments is going toward property taxes and home insurance, according to a new study by Neighbors Bank, with residents of Florida and Illinois facing the highest burden. An analysis of 450 U.S. metros…
Walz accused by Jordan of trying to 'hide behind' court order in Feeding Our Future payments
Rep. Jim Jordan, R-Ohio, accused Minnesota Gov. Tim Walz of trying to 'hide behind' a court order to explain why the state resumed payments to Feeding Our Future (FOF), a nonprofit at the center of a massive pandemic-era child nutrition fraud…
Ohio Catholic College Facing Deficits Misses March Bond Payment
Ohio Dominican University didn't make a bond payment due on March 1 — the latest sign of the school's financial woes. The missed payment comes as the Columbus, Ohio-based private Catholic liberal arts university has been confronting deficits…
Kraken's banking unit gains access to Fed's payments system
March 4 (Reuters) - Cryptocurrency exchange Kraken's banking unit has gained access to the U.S. Federal Reserve's payments system through a limited-purpose account, the Kansas City Fed said in a statement on…
Kraken's banking arm becomes first crypto firm to secure payments account with Fed
March 4 (Reuters) - Cryptocurrency exchange Kraken's banking unit has gained access to the Federal Reserve's payments system through a limited-purpose account, the first U.S. digital-asset bank to do so as the sector deepens its…
Federal Reserve grants Kraken access to payments system in first for crypto group
Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…
AI, crypto reshape SA's payments landscape
AI shopping tools gain traction, yet most South Africans still prefer human customer service interactions. (Image created with ChatGPT) Artificial intelligence (AI), digital wallets and crypto-currency linked payments are rapidly changing how South…
Seoul mayor denies charges of proxy poll payment in court
Seoul Mayor Oh Se-hoon denied accusations of a proxy payment for opinion poll expenses during the first formal trial on the case at a court Wednesday. The trial at the Seoul Central District Court came after Oh was indicted by a special counsel…
Universal Credit claimants won't see payments rise in April
Millions of people will have to wait longer Millions of Universal Credit claimants will face a delay in receiving higher payments - despite rates increasing in April. The Universal Credit standard allowance - the sum you're entitled to before any…
'A Watershed Milestone': Kraken Becomes First Crypto Firm To Gain Access To Fed's Payment System
Kraken has secured a Federal Reserve “master account,” giving its banking arm direct access to the Fed's core payment systems and making it the first crypto firm to operate on the same rails as traditional financial institutions…
Cyclops raises $8M to simplify stablecoins for payments companies
A few years ago, Alex Wilson and his team were trying to bring crypto features into a large payments company. What sounded simple quickly turned into a messy build: multiple vendors, complex integrations, and engineering teams working across…
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