Business
After watching the explosive growth at electronic payment start-ups like Jack Dorsey's Square, JPMorgan Chase has launched its own version to lure small business owners increasingly relying on technology during the pandemic.
Oct 21, 2020
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4
Business
South Korea has launched an antitrust probe into Google over its plan to enforce its 30-percent Play Store commission by disallowing any apps circumventing its payment system, a top official said Thursday.
Oct 8, 2020
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6
Internet
Google said Monday it plans to start enforcing a rule requiring Android apps in its Play store to use its payment system, which takes a 30 percent cut of transactions.
Sep 29, 2020
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10
Business
Facebook said Friday it struck a deal in which Apple agreed to temporarily forgo its cut of revenue from paid events at the leading social network to help pandemic-hit performers earn money during the pandemic.
Sep 26, 2020
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4
Business
Card payments will surpass cash transactions for the first time in Germany in 2020 as the pandemic changes shoppers' behaviour, a study said Thursday.
Sep 17, 2020
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5
Business
A banknote has been sitting in my wallet for six months now. As time ticks on, it burns an ever greater hole in my pocket.
Sep 10, 2020
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52
Business
A new way to pay has arrived in Los Angeles: your face.
Aug 19, 2020
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7
Security
Mobile payment apps (e.g. Apple Pay, Google Pay, Samsung Pay) are more secure than using credit cards at point-of-sale terminals, security experts say. Still, the adoption of mobile payments in the United States lags other ...
Aug 19, 2020
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18
Business
Apple and Google on Thursday pulled video game sensation Fortnite from their mobile app shops after its maker Epic Games released an update that dodges revenue sharing with the tech giants.
Aug 13, 2020
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5
Business
Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform.
Aug 11, 2020
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5
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
