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Payments

All articles tagged with #payments

April Social Security Payments: When Your Checks Arrive
money13 days ago

April Social Security Payments: When Your Checks Arrive

Social Security benefits are paid on a schedule tied to the benefit type and birth date. For April 2026, SSA retirement/disability/survivor payments go out on April 3, 8, 15, and 22 (second/third/fourth Wednesdays depending on birth date), while SSI payments are issued on April 1 (with the date moving to the prior weekday if the 1st falls on a weekend or holiday). If a payment is missing, check with your bank first, and contact the SSA at 1-800-772-1213 if needed to report or replace a due payment.

FTC Warns Major Payment Gateways Over Debanking Practices
business15 days ago

FTC Warns Major Payment Gateways Over Debanking Practices

FTC Chairman Andrew N. Ferguson sent warning letters to the CEOs of PayPal, Stripe, Visa, and Mastercard, reiterating their obligations under the FTC Act and warning that denying access to financial services based on political or religious views could violate the law and trigger enforcement, referencing a 2025 executive order on debanking.

Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins
business25 days ago

Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins

Mastercard is acquiring BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion (including $300 million in performance-contingent payments), in its largest crypto investment to date. The deal would let Mastercard connect traditional payment rails with blockchain-based stablecoins and tokenized deposits, leveraging BVNK's platform across 130+ countries and major networks as digital currencies gain traction.

Dollar-Pegged Coins Break Into Everyday Wallets, Global Study Finds
business1 month 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
politics2 months 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
business5 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
business9 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
sports9 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.