Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
European Gas Futures Slide as Russia Payment Standoff Recedes
Benchmark natural gas prices extended their decline, after the European Union said companies can keep importing Russian supplies without breaching sanctions. The European Commission last week sent its revised guidelines to member states, noting…
Bitcoin isn't suitable as a payments network, FTX founder says
Bitcoin isn't suitable as a payments network, FTX founder, Sam Bankman-Fried, says. Bitcoin and other proof-of-work (PoW) cryptos have been highly criticized for their environmental impact. Insider Intelligence publishes hundreds of insights…
Russia faces renewed bond default risk as US set to fully block payments
The Treasury Department is expected to block Russia's ability to pay US bondholders, sources told Bloomberg, raising the likelihood of a default. US sanctions on Russia for its invasion of Ukraine included an exemption for bond payments. But that…
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Finland's Gasum to take Gazprom Export to arbitration over payments
HELSINKI, May 17 (Reuters) - Finland's state-owned energy provider Gasum said on Tuesday it would take its dispute over rouble payments with Russia's Gazprom Export to arbitration proceedings. Gasum said it will not accept Gazprom Export's demand…
Atlanta mayor OKs $1.5 million payment to support Forest Cove tenants
The Atlanta Journal-Constitution's journalists follow the facts, because you deserve to know what's really going on. Work is now underway in the city of Atlanta to use federal funds for the relocation efforts of tenants at the condemned Forest Cove…
Education Secretary Suggests Student Loan Payments Will Restart
U.S. Secretary of Education Miguel Cardona hinted that student loan relief may be ending — and student loan payments will restart. Here's what you need to know — and what it means for your student loans. Student loan payments may be…
iOS 15.5 and macOS 12.4 bring updates to Podcasts, digital payments, and more
Apple released new software updates for all of its platforms on Tuesday. That includes the following: iOS 15.5 for iPhones and the iPod touch iPadOS 15.5 for iPads macOS 12.4 for Macs watchOS 8.6 for the Apple Watch tvOS 15.5 for the Apple TV…
Algorithmic stablecoins need payments adoption to succeed, Goldman argues
For algorithmic stablecoins to have a long-term future they'll need to find wider adoption for payments in the real economy, according to analysts at Goldman Sachs. “Stablecoins have limited use as a payments medium at this time. If that…
One-Click Bitcoin Payments Are Now Available In 30 Countries
Primer, a global payment infrastructure automation platform, now allows one-click checkout functions for bitcoin. Primer partnered with a leading bitcoin payments infrastructure company, OpenNode, to bring this optionality worldwide. Primer…
US Set To Block Russian Debt Payments, Pushing Moscow Closer To Historic Default
The latest attempt at inflicting maximum punishment and pressure on Russia amid its grinding war in Ukraine has many scratching their heads, as the US is now set to block Moscow's ability to pay its sovereign debt - though ironically which Russia…
Inside the 'consumerization of payments'
Payments technology has advanced rapidly in the past two years, driven largely by a dramatic shift in how consumers interact with technology. And consumers will continue to drive innovation, even in other areas of the payments system, experts said…
GST payment deadline: Govt extends April GST payment deadline for portal glitches, Infosys directed to fix problem ASAP
PTI / Updated: May 18, 2022, 09:13AM IST As taxpayers face technical glitches on the portal, the government extended the due date for April tax payment till May 24 and has directed for early resolution of the problem. “The due date for…
Insight Bet Values Banking Software Startup Unit at $1.2 Billion
Insight Partners led a $100 million equity funding round that values financial-technology startup Unit at $1.2 billion, almost quintuple the $255 million it last commanded. New York-based Unit, which makes software that allows companies to offer…
ACO REACH And Advancing Equity Through Value-Based Payment, Part 1 | Health Affairs Forefront
Given the wide expansion of value-based payment (VBP) models in the United States, VBP can be a useful tool for reducing health inequities and advancing equity goals. VBP models provide more flexibility to address social drivers of health (SDoH);…
Visa's Michael Jabbara on Cybersecurity and Digital Payments
I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer of money, and why insight from data is an invaluable tool for fighting fraud. As you survey what's…
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