Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Monzo explains 'automatic blocks' policy for account payments
Monzo has clarified its policies after a customer alleged that a transaction was incorrectly declined. A person reached out to the bank after a routine payment was blocked in a shop. A mother contacted Monzo over social media enquiring whether…
HMRC 'red flag' warning for Brits as 'we expect correct payments
Brits have been put on alert after HM Revenue & Customs issued a stark warning over risky schemes that it says simply “do not work”. The tax authority cautioned that anyone tempted by arrangements promising easy savings on rental…
Trump Urges Xi to Allow Visa Access to China Payments Market
US President Donald Trump said he raised the issue of granting Visa Inc. wider access to offer payments services to Chinese consumers and businesses during a meeting with Xi Jinping on Thursday in Beijing. “I said, ‘What about letting…
Leicester Comedy Festival confirms return despite payment issues
One of the largest comedy festivals in the UK has confirmed it will be going ahead in 2027, despite hundreds of acts still awaiting payment for this year's shows. Leicester Comedy Festival attracted tens of thousands of spectators this year, after…
DWP confirms five benefits targeted in payment crackdown
The Department for Work and Pensions has revealed a comprehensive list of five benefits it intends to target as part of efforts to tackle fraud and error. The DWP has released its annual fraud report - showing the amount lost has increased…
Monzo issues statement over blocked customer payments
Monzo has explained its payment rules Monzo has explained its rules after a customer claimed that a payment was mistakenly blocked. A person contacted the bank after an everyday payment was blocked at a retailer. A mum contacted Monzo over social…
Inside information: The Financial Supervisory Authority has imposed a combined penalty payment of 400 000 euros on Oma Savings Bank Plc due to failures related to maintaining insider lists
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE, 15 MAY 2026 at 13.15 P.M. EEST, INSIDE INFORMATION Inside information: The Financial Supervisory Authority has imposed a combined penalty payment of 400 000 euros on Oma Savings Bank Plc due to failures…
Former CMHA property manager accused of stealing rent payments from tenants
Former CMHA property manager accused of stealing rent payments from tenants 643 HERE ON YOUR FRIDAY MORNING, KICKING OFF NEWS TO GO WITH TWO ANGLES OF THAT BREAKING NEWS WE'VE BEEN TRACKING AND LEADING THE WAY ON ALL MORNING LONG. THIS IS A WRONG…
New HMRC calculator helps pensioners check if Winter Fuel Payment will be repaid
Higher income pensioners in Scotland, England and Wales can now use a new online HM Revenue and Customs (HMRC) tool to work out whether Winter Fuel Payments or Pension Age Winter Heating Payments may later be recovered through tax. The reminder was…
New Adult Disability Payment claimants could receive backdated pay before August
The latest figures from Social Security Scotland show at the end of January, some 498,090 people were receiving Adult Disability Payment (ADP), the devolved benefit that has now replaced all new and the vast majority of existing claims for Personal…
BBC expert gives DWP PIP alert over 'backdated significant' payments
A BBC expert has given people who are applying for PIP a warning - saying they could be in line for a large backdated payment. Finance expert Laura Pomfret explained to BBC Morning Live viewers that people applying for Personal Independence…
WSPN Launches W Agent: A Stablecoin Payment Skill Built for the AI Agent Economy
New skill turns W Checkout into a plug-and-play payment rail for autonomous AI agents, covering both payment and acquiring across multiple chains with enterprise-grade human-in-the-loop controls. SINGAPORE, May 15, 2026 /CNW/ -- WSPN, the issuer of…
DWP compensation payments for people who lost money after Universal Credit move
The Department for Work and Pensions (DWP) has launched the Successful Legacy Appeals Compensation Scheme for people who were financially worse off after moving from legacy benefits to Universal Credit because of a decision later found to be wrong.
Older women could be missing State Pension payments due to historical DWP errors
Historical errors linked to Home Responsibilities Protection (HRP) continue to account for the majority of State Pension underpayments caused by National Insurance (NI) record issues, according to new Department for Work and Pensions (DWP) figures…
Fionnán Sheahan: RTÉ's Craggy Island accounting returns in Derek Mooney payments scandal
Bishop Brennan sprang to mind as word emerged of the latest payments scandal RTÉ will be showing Father Ted on Saturday night in the slot in place of the boycotted Eurovision Song Contest. Bishop Len Brennan, the long-suffering superior of…
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