US central bank unveils alternative to Facebook's Libra
Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday revealed details of its own instant payments system.
Aug 6, 2020
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Business
Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday revealed details of its own instant payments system.
Aug 6, 2020
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59
Business
Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals, according to people familiar with the matter.
Aug 3, 2020
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Business
Brazil's central bank said Tuesday it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive.
Jun 24, 2020
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Business
Apple is offering interest-free financing on new iPad, Mac and AirPod purchases for those enrolled in its branded credit card program. And you'll get 3% cashback up-front.
Jun 18, 2020
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Business
European Union regulators began two antitrust investigations on Tuesday into Apple's mobile app store and payment platform over concerns its practices distort competition, opening a new front in the EU's battle against the ...
Jun 16, 2020
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Internet
Facebook on Monday added a digital payments feature to its WhatsApp messaging service, starting in Brazil but with an eye to expanding around the world.
Jun 15, 2020
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Ryanair said Tuesday it has contested state aid provided to Air France and SAS to deal with the plunge in travel due to the coronavirus pandemic before the European Court of Justice.
May 12, 2020
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Business
A new nonprofit charity unveiled plans Wednesday to promote digital payments for people outside the financial system, with support from Google and the Bill & Melinda Gates Foundation.
May 6, 2020
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Business
Trading in digital currencies such as Bitcoin or Ether has become an established practice but using them as a payment means is still a slow process. ETH Professor Srdjan Capkun and his team have now developed a system that ...
Apr 29, 2020
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Business
In early March, the World Health Organization recommended the use of digital and contactless payments instead of cash to help limit exposure to the coronavirus.
Apr 21, 2020
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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