Consumer & Gadgets
Cashless societies, where transactions are entirely digital, are gaining traction in many parts of the world, particularly after a pandemic-era boom in demand for online banking.
Jun 8, 2023
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30
Business
Nintendo has said it will no longer sell games in Russia through its online store as the Japanese giant winds down operations in the increasingly isolated country.
Jun 1, 2023
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4
Consumer & Gadgets
Citizens living in the euro area make an average of 13 payments per week of all types. They circulate through a range of channels and by way of different media, including cash, payment cards, and online.
Apr 14, 2023
1
38
Consumer & Gadgets
Apple is getting into the buy now, pay later space with a few tweaks to the existing model—including no option to pay with a credit card. The company will roll out the product to some consumers this spring, and will begin ...
Mar 28, 2023
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3
Consumer & Gadgets
An increasing number of people are using mobile devices—their smartphone, a smartwatch or tablet—to pay for goods and services. Mobile devices allow people to complete transactions without using cash or a traditional ...
Mar 14, 2023
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16
Business
Germany's antitrust watchdog said Monday it had launched an investigation into PayPal to examine whether the US online payment giant was using its dominance to restrict competition.
Jan 23, 2023
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6
Business
With fewer people using public transport and more working from home due to the COVID pandemic, public transport agencies need to do everything they can to encourage more people to use their services. An essential step is ...
Jan 20, 2023
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7
Security
A plot to move some cabs to the front of the line for passengers at New York's Kennedy Airport was aided by Russian hackers who infiltrated an electronic taxi dispatch system, authorities said Tuesday as they announced the ...
Dec 20, 2022
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3
Business
The United States is considering issuing a digital dollar, which would be backed by the nation's central bank and could help reinforce the U.S. role as a leader in the world financial system. Several financial institutions, ...
Nov 21, 2022
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14
Security
First Optus, now Medibank; in less than two months we've experienced two of the largest personal data breaches in Australia's history. In both cases the hackers attempted, and failed, to extort a ransom in exchange for not ...
Nov 14, 2022
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4
A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.
The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.
In law, the payer is the party making a payment while the payee is the party receiving the payment.
This text uses material from Wikipedia, licensed under CC BY-SA
