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
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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
Business
Customers are caught in the middle of a growing dispute between Amazon and Visa over transaction fees.
Nov 18, 2021
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4
Business
Online retail giant Amazon on Wednesday said it plans to stop accepting payments in the UK made with Visa credit cards, blaming the move on high fees.
Nov 17, 2021
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Business
A US judge on Tuesday rejected Apple's request to delay letting App Store offerings bypass its payment system as ordered by the court, saying it had 30 days to comply in a case brought by Epic Games, the creator of Fortnite.
Nov 10, 2021
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13
Business
Apple has updated its App Store rules to allow developers to contact users directly about payments, a concession in a legal settlement with companies challenging its tightly controlled marketplace.
Oct 23, 2021
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Business
In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.
Oct 21, 2021
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5
Hi Tech & Innovation
Moscow on Friday rolled out a facial recognition payment system in the city's metro system, part of a rapid expansion of the controversial technology in Russia.
Oct 15, 2021
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Consumer & Gadgets
Vulnerabilities in Apple Pay and Visa could enable hackers to bypass an iPhone's Apple Pay lock screen and perform contactless payments, according to research by the University of Birmingham and University of Surrey.
Sep 30, 2021
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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
