All articles tagged with #payment
Originally Published 26 days ago — by FDIC: Federal Deposit Insurance Corporation (.gov)
The FDIC has approved a proposed rulemaking to establish application procedures for FDIC-supervised institutions seeking to issue payment stablecoins under the GENIUS Act, including application review, processing timelines, and an appeal process, with public comments open for 60 days.
Originally Published 2 months ago — by Financial Times
Visa and Mastercard have reached a deal to resolve a long-standing dispute with merchants, ending ongoing conflicts over payment practices.
Originally Published 3 months ago — by NPR
Experts criticize the U.S. government's demand for a multibillion-dollar fee from American investors taking over TikTok's U.S. operations, describing it as a form of extortion or rent-seeking that resembles a shakedown, raising concerns about its impact on business practices and innovation.
Originally Published 1 year ago — by syracuse.com
Syracuse Chancellor Kent Syverud is reportedly part of a group called College Sports Tomorrow, which is proposing a model for college sports that includes a 70-school super league and payment for athletes. The group's plan was detailed in a report by The Athletic, and its existence and Syverud's involvement had been previously reported by ESPN.
Originally Published 1 year ago — by CNN
Netflix is urging its customers to stop paying for subscriptions through Apple's App Store, with a new policy change that will prompt members to switch their payment method. If a new payment isn't added by the renewal date, members will lose access to their Netflix account. This change will affect basic plan members in the US and Canada. The move comes amid Apple's 30% cut of in-app purchases, which has faced pushback from app developers and was the subject of a recent US Supreme Court decision.
Originally Published 2 years ago — by CNN
Former New York City mayor and personal attorney to Donald Trump, Rudy Giuliani, has filed for bankruptcy after being ordered to pay $150 million in a defamation lawsuit. The lawsuit was filed by Dominion Voting Systems, accusing Giuliani of spreading false claims about the company's involvement in election fraud. It remains uncertain whether Giuliani will be able to pay the amount ordered by the jury.
Originally Published 2 years ago — by KCTV 5
The Missouri State Auditor has found that the Jackson County Assessment Department violated state law in their property assessments, and homeowners are advised to pay their tax bills "under protest" if they disagree with the assessment. To do so, property owners must pay the full tax bill by the December 31 deadline, file a written statement explaining the grounds for protest, and file a petition in court within 90 days to recover the amount protested. Paying under protest is not required for property owners with an ongoing appeal, but it may delay the issuance of a refund.
Originally Published 2 years ago — by The Guardian US
An accounting expert, Eli Bartov, who testified in Donald Trump's $250 million fraud case, has revealed that he has been paid nearly $900,000 for his services. Bartov, a leading accountancy expert, stated that he found no evidence of concealment in his review of the financial statements at the center of the case. The prosecution's expert witness, Michiel McCarty, was paid approximately $350,000 for his testimony. Bartov disclosed that the payments came from the Trump Organization and Trump's political action committee. Trump and his company executives are accused of inflating asset values to secure more favorable loans, which they deny. Trump is set to testify again on Monday, while Bartov will return to the stand on Tuesday.
Originally Published 2 years ago — by Financial Times
Google has agreed to pay C$100 million per year to news publishers in Canada for their content, as part of a three-year agreement. This move comes as Google faces increasing pressure to compensate news organizations for their journalism.
Originally Published 2 years ago — by Engadget
Google paid a staggering $26 billion in 2021 to maintain its status as the default search engine on various platforms.
Originally Published 2 years ago — by Fox Business
A Colorado welder who settled a lawsuit by paying $23,500 in quarters, nickels, dimes, and pennies, weighing 6,500 pounds, has been ordered by a judge to use a traditional method of payment. The dispute between Fire Up Fabrication and JMF Enterprises arose when JMF failed to pay for work performed on stairs and handrails, claiming it did not meet their standards. While both parties agreed on the settlement amount, the method of payment was not specified. The coins were delivered loose and removed from rolls and boxes, causing logistical issues as banks and coin counters were unable to accept them.
Originally Published 2 years ago — by CNBC
Ferrari has announced that it will accept cryptocurrency as payment for its luxury sports cars in the United States, with plans to extend the scheme to Europe. The decision comes in response to requests from wealthy customers who have invested in crypto. Ferrari has partnered with BitPay, one of the largest cryptocurrency payment processors, to facilitate the transactions. The company aims to connect with a broader audience and diversify its clientele. Prices will remain the same, and BitPay will convert the cryptocurrency payments into traditional currency to protect dealers from price volatility. Ferrari's Chief Marketing and Commercial Officer confirmed the company's commitment to carbon neutrality by 2030.
Originally Published 2 years ago — by View from the Wing
American Airlines will no longer accept payments made with the American Airlines Credit Card on their website, requiring customers to call reservations instead. This move suggests that the store card, which stopped accepting new applications in May, is being phased out.
Originally Published 2 years ago — by KSTP
The Minnesota Department of Management and Budget paid off the final $378 million in bond payments for U.S. Bank Stadium, home of the Minnesota Vikings, 23 years earlier than anticipated. The payment was largely created by e-pull tab sales, which initially were slow to take off but brought in enough money in recent years to pay off the bonds. The stadium reserve contributed $366 million, and the state's general fund contributed $12 million. The stadium's perimeter security fence will also be funded by the state.
Originally Published 2 years ago — by Yahoo Sports
The National Arena League has terminated the membership of the Albany Empire, a team owned by former NFL wide receiver Antonio Brown, due to his failure to make required payments to the league's operating budget. Brown challenged the April payment, failed to make the team's May payment, and declined to pay a $1,000 fine "for his recent public comments." The NAL consisted of seven teams prior to the termination of the Empire.