Business
Tinder parent Match Group on Monday filed a lawsuit in a federal court in San Francisco accusing Google of abusing monopoly power at its Play Store that sells digital content for Android-powered phones.
May 10, 2022
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18
Software
Microsoft's video game unit Xbox on Thursday said it will tap into cloud computing to make "Fortnite" free to play on mobile devices powered by Apple or Android software.
May 6, 2022
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7
Business
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday.
May 1, 2022
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6
Business
Four years ago, fried-chicken chain KFC tweeted from its Canadian account that it would accept bitcoin as payment for its "buckets".
Apr 10, 2022
1
16
Business
Britain has unveiled plans to regulate some cryptocurrencies as part of a broader plan to become a global hub for digital payments, coming as authorities in the U.S. and Europe are racing to draw up rules for crypto.
Apr 5, 2022
1
4
Business
Microsoft on Wednesday courted the favor of antitrust regulators scrutinizing its plan to buy video game maker Activision Blizzard, promising that any app store it builds will treat developers fairly.
Feb 10, 2022
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6
Consumer & Gadgets
Apple said Tuesday it is expanding the iPhone's capabilities to accept contactless payments, making it easier for merchants to conduct tap-to-pay transactions without having to buy additional hardware.
Feb 8, 2022
0
45
Business
The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million sale of its technology, capping a years-long initiative that drew significant concern from regulators.
Feb 1, 2022
1
3
Business
Santander's UK bank on Thursday was seeking to recover £130 million ($175 million) it paid out on Christmas Day by mistake.
Dec 31, 2021
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17
Business
Treasurer Josh Frydenberg will announce on Wednesday a comprehensive reform of regulations governing the payments system, to bring it up to date with innovations such as digital wallets and cryptocurrency.
Dec 7, 2021
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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
