payments
Top StoriesFrance’s Engie to Pay Russia’s Gazprom in Euros This Month
BankingEU Financial Institutions Prepare for Instant Payments Regulations
FinanceCoordinated Lines of Defence Key to Combatting Payment Fraud, Says New Deutsche Bank Paper
Top StoriesRussia Advises Against Travel to UK Because of ‘unfriendly’ Visa Stance
Putin Says Large Russian Grain Harvest to Support Higher Exports
Date: May 12, 2022
(Reuters) – Russia, one of the world’s largest wheat exporters, will increase wheat exports this year due to a potentially record harvest, President Vladimir Putin said on Thursday. Russia competes with the European Union and Ukraine for supplies of wheat to the Middle East and Africa. It continues to export despite difficulties with logistics and...
Why Are Banks Falling Behind on the Competition for International Bank Transfers?
Date: May 12, 2022
In a time where a cashless society is ever looming and online payments are becoming dominant, online banking is actually declining whilst bank deposits also shrink, the reason for this is a fragmentation and decentralisation of how we handle our money. Not necessarily decentralisation in the blockchain sense, though DeFi is on the rise, but...
Rwe Expects Clarity Soon on Russian Gas Payment as Deadline Nears
Date: May 12, 2022
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Germany’s top power producer, RWE, expects Berlin to soon clarify whether payments for Russian gas can be made under a new scheme proposed by Moscow, its finance chief said on Thursday, as a deadline approaches at the end of the month. Russia’s demand that future payments for...
Star Alliance to Introduce Co-Branded Credit Card, Non-Air Partner
Date: May 12, 2022
SYDNEY (Reuters) – Star Alliance, one of the world’s three major airline groups, will soon announce an alliance co-branded credit card and introduce a European non-air transport partner in industry-first moves, its chief executive said on Thursday. The alliance, which includes United Airlines, Lufthansa and Singapore Airlines among its 26 member carriers, will launch the...
UK’s National Grid Wins Approval for 200 Million Stg Early Payment to Consumers
Date: May 11, 2022
LONDON (Reuters) – Britain’s energy market regulator Ofgem said on Wednesday it has approved National Grid’s request to make an early payment of 200 million pounds ($246.9 million) to consumers to help reduce household energy bills. Payments will be carried out over the next two years rather than at the end of the standard five-year...
Preventing Fraud Amidst the Great Payments Disruption
Date: May 9, 2022
By Jenn Markey, Vice President of payments and identity product marketing at Entrust Over the last two years, the payments and banking industry has seen a global transformation, accelerated significantly due to the pandemic. Digital transformation is enabling companies to do business in new ways by creating an environment where people, systems and things are...