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The Latest Breaking News from PAY

Current account switching picks up pace in July before interest rates cut

However, the total number of switches slowed between July and September compared with the first half of 2024.

Evening Standard

Bank transfer fraud reimbursement limit set to be cut under new plans

The limit, which is due to come into force from next month, could be reduced from £415,000 to £85,000.

The Independent UK

Google Wallet will succeed Fitbit Pay later this year as integration continues

Fitbit has sent an email to users, warning them that its Pay app will disappear later this year.

Android Central

From analysis to the latest developments in health,
read the most diverse news in one place.

Google Wallet explained: Licenses, banks, new features, and the Google Pay shutdown

Google Wallet replaced Google Pay, which will shut down soon. Here's all the latest news and added features you need to know.

Android Central

Stocks Set to Open Mixed as Investors Await Powell’s Testimony and U.S. Jobs Data

March S&P 500 E-Mini futures (ESH24) are down -0.11%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.04% this morning as investors looked ahead to Federal Reserve Chair Jerome Powell’s congressional testimony while also bracing for a fresh slew of U.S. labor market data, with a particular focus on…

Barchart

Stocks Set to Open Lower as Investors Await Powell’s Testimony and U.S. Jobs Data

Barchart

The Google Pay app is shutting down later this year

Google announced it will shut down "Google Pay" in the U.S. as it urges users to utilize Wallet.

Android Central

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New requirements to reimburse victims of bank transfer scams set out

The new consumer protections against authorised push payment fraud will come into force from October 7 2024.

The Independent UK

'Kindly nerf that trash into oblivion': Call of Duty's latest 'pay-to-win' skin turns you into a Groot-like tree monster that blends into the background

"All I see is Groot. Groot everywhere."

PC Gamer

FCA finds significant increase in number of people buying now and paying later

The regulator said it wants to ensure that consumers, particularly those in vulnerable circumstances, have adequate protections.

The Independent UK

76% annual jump in current accounts being switched

A total of 338,194 switches took place using the Current Account Switch Service between April and June.

The Independent UK

Are You Ready for FedNow? Exploring the Future of Instant Transactions

The Federal Reserve has positioned the FedNow program as revolutionizing payments with real-time speed, financial inclusion, and innovation. While that sounds great, one has to weigh the pros and cons of a potentially revolutionary technology before rendering a decision.

Barchart

Banks set to pay thousands to people who've been scammed

People should be reimbursed within five days under the new rules

Liverpool Echo

Banks will need to refund ALL money lost to faster payment scams from next year

Authorised Push Payment (APP) scam have quickly become one of the most "significant" types of fraud accounting for nearly £500million in losses in the UK last year

Daily Mirror

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news in one place.

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The Independent UK

Banks will be required to reimburse APP scam victims from next year

Most victims of authorised push payment fraud will be reimbursed within five business days, the Payment Systems Regulator said.

The Independent UK

Could switching your bank account make you better off right now?

Competition has been ramping up between current account providers – so what are the benefits of switching? By Vicky Shaw.

Daily Mirror

Nationwide, Barclays, HSBC, Santander: Best and worst banks based on switches this year

The latest current account switch data is in from Pay.UK - but where are people switching to, and which banks are being ditched? See the full list below and tell us what you think

The Independent UK

73% surge in current account switching numbers in first three months of 2023

Some 341,075 switches took place between January and March 2023, figures from the Current Account Switch Service show.

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news in one place.

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TechRadar

PayPal has a whole load of tools to help your SMB rake in more sales

SMBs can be more competitive by offering Apple Pay, card remembering, and automatic updating added to PayPal.

The Independent UK

Plans to reimburse bank transfer scam victims are ‘fundamentally flawed’, Treasury Committee warns

‘Putting an industry body in charge of reimbursing scam victims is like asking a fox to guard the henhouse’

The Independent UK

Plans to reimburse bank transfer scam victims are flawed – Treasury Committee

Victims of fraud have been waiting too long for a fair and functional scam reimbursement scheme, MPs said.

StockNews.com

3 Fintech Stocks to Avoid Into the End of 2022

The pandemic brought massive growth opportunities for the fintech industry as investments in the sector boomed. However, the deteriorating macroeconomic conditions have dampened investors’ faith in the industry’s prospects. Amid this backdrop, it could be wise to steer clear of fundamentally weak fintech stocks Block (SQ), Marathon Digital Holdings (MARA),…

StockNews.com

3 Fintech Stocks to Avoid Until Further Notice

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

The National (Scotland)

No progress in NHS pay talks amid strike threat, says union

PAY talks between the Scottish Government and unions representing NHS staff “did not make any progress”, it has been claimed.

Benzinga

Why These Paymentus Analysts Are Lowering Price Targets After Q2 Earnings

Cloud based bill payment company Paymentus Holdings (NYSE: PAY) saw shares fall after reporting second-quarter financial results after the market close Wednesday. Analysts are sizing up the company’s guidance and contract delays.

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