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Payments

All articles tagged with #payments

Dollar-Pegged Coins Break Into Everyday Wallets, Global Study Finds
business9 days ago

Dollar-Pegged Coins Break Into Everyday Wallets, Global Study Finds

A global survey of 4,658 adults across 15 countries finds stablecoins, pegged to the dollar and totaling about $300 billion in market cap, are shifting from a trading tool to everyday money used for payments, payroll, and savings. Among crypto users, 54% held stablecoins in the past year and 56% plan to acquire more; freelancers earn roughly 35% of their income in stablecoins, and about three-quarters say it improves cross-border work. Holders allocate about one-third of their savings to crypto/stablecoins, with higher uptake in lower-income regions like Africa. About 52% have bought something specifically because a merchant accepts stablecoins, highlighting growing merchant acceptance. Regulators are moving to clarify rules, potentially accelerating adoption."

Epstein transfers linked to Mandelson accounts appear in DOJ file releases
politics26 days ago

Epstein transfers linked to Mandelson accounts appear in DOJ file releases

DOJ-released bank statements show three $25,000 transfers totaling $75,000 from Jeffrey Epstein to accounts linked to Lord Mandelson in 2003–04; Mandelson says he has no record or recollection of receiving the funds and has apologized for continuing his association with Epstein, while the documents include other Epstein files and images but there is no proven wrongdoing. Epstein’s 2008 conviction and 2019 death are noted in the context of the broader release.

Stablecoin Adoption and Regulation: Navigating Growth and Challenges
business4 months ago

Stablecoin Adoption and Regulation: Navigating Growth and Challenges

Stablecoin usage for real-world payments in the US has surged by 70% since new legislation was enacted, with over $10 billion moved in August, primarily for business-to-business transfers, as companies leverage stablecoins to bypass banking delays and earn yields, indicating rapid growth and increasing adoption in the financial sector.

PayPal Partners with Big Ten and Big 12 to Directly Pay Student-Athletes
business8 months ago

PayPal Partners with Big Ten and Big 12 to Directly Pay Student-Athletes

PayPal has announced multi-year partnerships with the Big Ten and Big 12 conferences to facilitate secure, efficient institutional payments to student-athletes, supporting a new revenue-sharing model. The collaborations will also integrate PayPal and Venmo into campus life for payments like tuition, tickets, and merchandise, enhancing convenience and security for students, families, and institutions.

PayPal partners with Big Ten and Big 12 for student-athlete payments
sports8 months ago

PayPal partners with Big Ten and Big 12 for student-athlete payments

PayPal has partnered with the Big Ten and Big 12 conferences to enable student-athletes to receive compensation through its platform, following a court settlement that allows schools to pay athletes. The initiative will start this summer, allowing quick and secure payments, and PayPal's Venmo will also expand its role in college sports for payments and merchandise. The deal marks a significant shift in college athletics, facilitating direct payments and new financial options for student-athletes.

December Social Security Payments: What Retirees Need to Know
finance1 year ago

December Social Security Payments: What Retirees Need to Know

The Social Security Administration distributes payments based on birth dates, with those born between the 1st and 10th receiving their payments on the second Wednesday of each month. On December 11, beneficiaries in this group will receive an average payment of $1,900. Payments for those born between the 11th and 20th will be on December 18, and for those born between the 21st and 31st on December 24, due to the holiday. SSI beneficiaries will receive their January 2025 payment on December 31, reflecting a 2.5% COLA increase.

House Panel Probes Gaetz's Alleged Payments for Sex
politics1 year ago

House Panel Probes Gaetz's Alleged Payments for Sex

House Ethics Committee investigators have obtained records showing that former congressman Matt Gaetz paid over $10,000 to two women, with some payments reportedly for sex, according to testimony from the women. The payments, made via PayPal and Venmo between July 2017 and January 2019, were revealed during closed-door testimony as part of a probe into sexual misconduct allegations against Gaetz.

"Upcoming Social Security Payments: Key Dates and Amounts Revealed"
finance1 year ago

"Upcoming Social Security Payments: Key Dates and Amounts Revealed"

The Social Security Administration (SSA) has released its payment schedule for July, with payments being disbursed on specific Wednesdays based on beneficiaries' birth dates. Retirees born between the 11th and 20th will receive their payments on July 17, while those born between the 21st and 31st will get theirs on July 24. Additional benefits like SNAP Food Stamps may also be received around these dates. Recipients should verify their eligibility and payment dates to ensure they receive their benefits on time.

"August Social Security Payments: Key Updates and Extra Benefits"
finance1 year ago

"August Social Security Payments: Key Updates and Extra Benefits"

The Social Security Administration (SSA) will distribute payments on July 17 and July 24, 2024, to eligible recipients. To qualify for the July 17 payment, beneficiaries must have been receiving benefits since May 1997 and have a birthdate between the 11th and 20th of any month. The July 24 payment is for those with birthdates between the 21st and 31st. Supplemental Security Income (SSI) payments will resume in August. Direct deposit is recommended for timely receipt of funds.