Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Social Security latest: Payments of up to $5,181 coming this week
Millions of Social Security recipients are set to receive their monthly payments this week. More than 70 million Americans rely on Social Security as a key source of income, whether for retirement, disability support or survivor benefits. Given the…
Colombia's Petro asks Brazil to extend Pix payment system
April 6 (UPI) -- Colombian President Gustavo Petro asked Brazil to extend its instant payment system Pix to Colombia and questioned U.S. financial sanctions in a message posted on X, amid Washington investigations into the Brazilian system. In his…
Starbucks to prompt more tipping on card payments, fueling 'tip creep' backlash
Starbucks is revamping its tipping system in a major way, the company announced recently, including expanding the tipping options. The Seattle-based company said Thursday that baristas will be able to receive tips on more credit and debit card…
Universal Credit cut from Monday means some get reduced payments
Welfare reforms introduced this week aim to overhaul a system that has 'for too long locked disabled people and people with long-term conditions out of work', according to the Government. The changes target what ministers have labelled 'perverse…
Gen Z is rewriting the American Dream, and their parents are funding it-using tuition money for down payments, instead
The cost of college has never been higher. But for a growing share of young Americans, the return has never felt more uncertain. Faced with rising tuition, stubborn student debt, and a cooling job market, many are questioning whether a four-year…
How to safeguard your business against late payments
Abusiness is like a living body: energy in, activity out. Corporate nutrition is income, turnover – money. Once a business is set up, the financial health of the company is in its level of trade and the payments made by customers, clients…
DWP to cut payments for thousands by £200 from Monday
Thousands of Brits could receive around £200 less in Universal Credit each month from today as the Department for Work and Pensions introduces major changes to health-related payments. Under the new rules, many new claimants applying for the…
Why Payments Matter in Every Aspect of Travel
This sponsored content was created in collaboration with a Skift partner. For hospitality and travel companies, modernizing payments infrastructure has become an essential input for revenue growth and guest satisfaction. A new report from Skift and…
Russian Crypto Payments Network Seeks Africa Expansion - FT
Russia is seeking to build an alternative cross-border payments network in Africa using a ruble-backed cryptocurrency, as it looks to bypass Western financial systems following sanctions imposed over the war in Ukraine, the Financial Times reported…
How legacy payment systems expose banks to fintech rivals
Key insights: Merchants are increasingly demanding digital payments tech. What's at stake: Fintechs are often faster to develop this tech than banks, according to Capgemini. Forward look: Payment experts suggest banks form a startup to build new…
DWP Universal Credit payments increasing this month - full list of new rates
Rates of Universal Credit payments have gone up today (April 6), along with many other DWP benefits, including Child Benefit and Personal Independence Payment. Every year rates go up in line with the rate of inflation from the previous September.
Pensioners to get up to £316 winter heating payment - check if you qualify
Nearly one million pensioners across Scotland are set to receive a winter heating payment worth up to £316.70 to help with rising energy costs later this year. Pension Age Winter Heating Payment is delivered by Social Security Scotland and…
DWP Universal Credit changes from Monday see payments reduced
Welfare reforms taking effect from this week will overhaul a system that has 'for too long locked disabled people and people with long-term conditions out of work', according to the Government. The changes aim to address what ministers have…
Mexico is about to leapfrog over the US in real-time payments
Key insight: Across Latin America, central bank-led instant payment networks have seen enormous growth, with Mexico as the next breakout market. If bankers in the U.S. want to see the future of consumer payments, they should look south. Supporting…
Universal Credit health payment cut starts for new claims under DWP rule change
New welfare rules have come into force this week which will reduce the amount of money some future Universal Credit claimants receive if they are assessed as unable to work due to illness or disability. From April 6, people making a new claim for…
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