New Zealand to ban surcharges on in-store electronic payments
Surcharges are an amount calculated as a percentage of the purchase price and are applied to transactions to cover the fees businesses pay for accepting contactless payments and credit…
Tag
payments
Stablecoin has long road to mainstream payments, Mastercard says
For all the hype around stablecoins, they are a long way from becoming a viable everyday payment tool, according to Mastercard’s chief product officer, Jorn Lambert. “While the technology…
Nissan seeks to delay supplier payments to free up cash, company emails show
Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled…
Coinbase launches stablecoin payments service for e-commerce
Coinbase Global is launching a platform designed to make stablecoins a go-to payment method for online transactions, a potentially big leap forward in the mainstream adoption of…
Chinese automakers pledge to make payments to suppliers within 60 days
Most Chinese automakers have pledged to make payments to suppliers within 60 days, responding to regulatory pressure that followed a recent outcry from suppliers over long payment…
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers over long payment times as well as regulatory…
GOP aims to stop retroactive pandemic unemployment payments
Republicans on the House Ways and Means Committee are calling on Labor Secretary Lori Chavez-DeRemer to stop an Ohio judge from forcing the state to pay nearly $1 billion in pandemic-era…
Payments firm Block’s profit misses estimate on underwhelming holiday spending
BLOCK’S fourth-quarter profit fell short of estimates as spending growth during the holiday season and gains from a post-election surge in bitcoin lagged expectations, sending the payment…
JPMorgan adds buy-now, pay-later provider Klarna to its payments platform
JPMORGAN Chase’s payments processing unit is partnering with fintech Klarna to expand buy now, pay later (BNPL) options for its merchants. JPMorgan Payments will provide some 900,000…
Elon Musk’s DOGE takeover of Treasury payments systems is already racking up legal challenges. Here’s what to know
This week, President Trump adviser Elon Musk’s newly formed Department of Government Efficiency (DOGE) seems to have gained full access to the Department of Treasury’s payments system…
HSBC’s payments app closure puts around 400 jobs at risk: source
Additional lower-ranking job cuts are also expected in the first quarter, with bank management keen to offset headwinds to earnings from lower interest rates, China’s economic chills and…
Social Security update: Payments of up to $5,108 to go out this week
The first round of Social Security retirement benefits for 2025 will be paid this week. Social Security benefits form the bedrock of retirement income for millions of older Americans.…
Biden signs Social Security Fairness Act: When do higher payments start?
Millions of Americans will now see their Social Security benefits increase after President Joe Biden signed the Social Security Fairness Act into law on Sunday. The bill, which abolishes…
Coinbase eyes more acquisitions as it expands payments business
COINBASE Global is ramping up its efforts in the digital-payments space, with ambitions to make additional acquisitions and generate more revenue from the business line. The biggest US…
Stripe says stablecoins payments made in more than 70 countries after relaunch
STRIPE said individuals from more than 70 countries have used stablecoins for online transactions during the first 24 hours after allowing merchants using its platform to accept crypto…
Citigroup, Mastercard team up on cross-border debit card payments
2 min read Last Updated : Oct 10 2024 | 11:28 PM IST By Paige Smith Mastercard Inc. and Citigroup Inc. are collaborating to facilitate around-the-clock, cross-border payments with debit…
NPCI International to develop real-time payments platform in Trinidad and Tobago
NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago, to develop a real-time…
Payment cards dominate e-commerce payments in Australia, reveals GlobalData
Payment cards are the most are the preferred payment method for e-commerce purchases in Australia, collectively accounting for 50.6% share in 2023, reveals GlobalData, publishers of EPI.…
India cenbank proposes more options to authenticate digital payments
MUMBAI (Reuters) - India's central bank on Wednesday proposed to allow a wider set of alternatives, including fingerprints and passwords, as additional factors of authentication for all…
German journalist group expels Putin biographer amid Russian payments
German journalist association Netzwerk Recherche has expelled Hubert Seipel from its membership, after the biographer of Russian President Vladimir Putin was revealed to have accepted…