Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How Digital Money Is Changing The Future Of Global Payments
Michael Salerno, Head of Global Banking & Institutional Payments, leading international payments, FX & trade finance solutions at FNBO. Global payments are becoming faster, richer in data and increasingly digital. While instant settlement and…
Billionaire investor Leon Black is set to testify to Congress about $158M in payments to Epstein
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King Charles reveals huge bill as he becomes first monarch to publish tax payments
King Charles has made history by becoming the first monarch to publicly release his tax payments, which place him among the UK's top 100 taxpayers for 2024-25. This unprecedented disclosure aims to enhance clarity and accessibility surrounding…
Billionaire investor Leon Black is set to testify to Congress about $158M in payments to Epstein
WASHINGTON (AP) — Billionaire investor Leon Black is appearing before the House Oversight Committee on Friday as lawmakers seek to untangle the web of wealth and influence around Jeffrey Epstein that they say enabled decades of sexual abuse.
Coastguard payments scrapped after court case backfires
“If we want a strong, resilient Coastguard for the future, we must make sure that those who step forward are supported, not penalised,” said Lynsay Mackay of the GMB Union. And yet callout payments for the 3,500 highly trained…
CACEIS UK dodges FCA fine after agreeing payment to investors
Asset servicing bank swerves £23 million FCA fine after agreeing to pay £31.7 million to WealthTek investors over anti-money laundering and client due diligence failings. An asset servicing bank has escaped a £23 million Financial…
U.S. Bank takes a swing at automating health care payments
Key insights: U.S. Bank has hired payments vet Eric Levine to head health care automation at the bank. What's at stake: Health care payments are still largely paper-based, but make up about 20% of the U.S. economy. Forward look: U.S. Bank will use…
Prince William richer than King Charles as tax payments confirmed
Prince William is richer than the King, boasting a net worth of £1.2billion through the Duchy of Cornwall - and has handed over more than £20million in tax since taking on the role of Prince of Wales, it has been revealed. It comes as…
Billionaire investor Leon Black to testify to Congress about $158M in payments to Epstein
Billionaire investor Leon Black to testify to Congress about $158M in payments to Epstein The Justice Department has released 3 million new items in the Epstein files. They say this is the end of their document review process to comply with the…
The next challenges behind real-time payments adoption
Key Insight: Real-time payments are growing quickly, creating ample opportunities for banks to improve processing. What's at stake: As FedNow and RTP advance, banks still face hurdles in building scale, creating technology challenges. Forward look:…
Newcomers to Canada could feed a future market upswing, Statistics Canada data suggest
Please log in to bookmark this story. Create Free Account Canada broke immigration records from 2022 to 2024, admitting around 470,000 permanent residents per year on average. Those 1.4 million newcomers could shape the housing market in the next…
Canongate moves to quarterly royalty payment system in 'revolutionary' move
Canongate will begin paying author royalties quarterly in a “revolutionary” move that has been welcomed by agents. Create a free account to unlock 3 articles a month and receive tailored newsletters with the latest from the book…
70% of Consumers Pick Retailers Based on Payment Options
That gap sits at the center of “ The Next-Gen Commerce Playbook: Turning Checkout Into a Compounding Customer Loop,” a PYMNTS Intelligence and PayPal report in the Checkout Paradox Tracker Series. The report argues that checkout is no…
No contactless payment system on public transport outside Dublin until after 2028, minister says
While he said responsibility for the project rests with the National Transport Authority, he was able to give a timeline for the phased introduction of the new 'Next Generation Ticketing System'. The development of the new ticketing platform is due…
Forget Mastercard: 1 Dominant Payment Tollbooth to Buy Hand Over Fist
Visa trades at 22x forward earnings, currently below its own $342 repurchase price, with $21B remaining on its buyback authorization. Mastercard's 25x forward P/E and price-to-book of 64 leave no margin for error as rebates outpace revenue growth…
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