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July 23, 2021

Payments

Visa makes another big bet on fintech, buying UK payments start-up Currencycloud

CNBC
CNBC – For more and to sign up click here A Visa debit card. Simon Dawson | Bloomberg | Getty Images LONDON — Visa said Thursday it has agreed to buy British payments start-up Currencycloud, in its second major fintech acquisition of 2021. The deal values Currencycloud at £700 million......

Tesla will ‘most likely’ restart accepting bitcoin as payments, says Musk

Reuters
Representations of virtual currency bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado Ruvic July 21 (Reuters) – Electric-car maker Tesla Inc (TSLA.O) will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used......

Student loan borrowers may get more time without having to make payments

CNBC
CNBC – For more and to sign up click here Serhii Shleihel | iStock | Getty Images Signs are mounting that student loan borrowers could get more time before they need to resume their payments. For more than 16 months now, most borrowers’ bills have been on pause, thanks to......

How criminals siphoned off unemployment payments directly from recipients’ accounts

CNBC
CNBC – For more and to sign up click here Vanessa Rivera (left), Azuri Moon (center), Candace Koole (right) all say their unemployment insurance was stolen from their accounts. Source: CNBC As millions of Americans received unemployment payments to get through the crisis, scammers developed a new way to steal......

More Money to Make Ends Meet for Ohio Families As Child Tax Credit Payments Start This Week

ClevelandScene
click to enlarge (geralt/Pixabay) The Child Tax Credit for 2021 increased from $2,000 to $3,000 for children 6-17. COLUMBUS, Ohio — Many Ohio families will soon get extra cash to keep up with the cost of raising their kids. The 2021 Child Tax Credit expansion passed as part of the......

India’s digital payments start-up Paytm files for a $2.2 billion IPO

CNBC
CNBC – For more and to sign up click here Paytm, PhonePe, Google Pay (Gpay) and Bhim UPI QR Codes (Standee) are Kept outside for Cashless payments at a medical store in Gurugram on the outskirts of New Delhi, India on 16 May 2020. Nasir Kachroo | NurPhoto | Getty......

Monthly child tax credit payments are one of the best forms of government spending, economist says

CNBC
CNBC – For more and to sign up click here The enhanced federal child tax credit program, with monthly payments starting Thursday, is one of the best ways the government can allot its money to spur economic growth and help the nation’s youth, University of Maryland economist Melissa Kearney told......

70,000 Illinoisans seek emergency rental payments

USA TODAY – For more and to sign up click here Zeta Cross, The Center Square Illinois has received 70,000 applications from tenants and landlords for back rent payments because of COVID-19 hardships. Rodrigo Carrillo, the director of Strategic Initiatives for the Illinois Housing Development Authority, says the department encouraged......

First child tax credit payments have been sent. Here’s what you need to know

CNN
USA TODAY – For more and to sign up click here The infusions may offer the greatest benefit to low-income families, cutting child poverty nearly in half — but the extra cash will also go to better-off American families. The full enhanced credit will be available for heads of households......

The first child tax credit payments go out to 65 million kids this week. How to navigate the process

CNBC
CNBC – For more and to sign up click here Oliver Rossi | Stone | Getty Images It’s an exciting week for millions of children and their families across the U.S. On July 15, the first payment from the new expanded child tax credit will be sent to some 39......

Some families should opt out of advance child tax credit payments starting July 15. Here’s why

CNBC
CNBC – For more and to sign up click here lisegagne | E+ | Getty Images Some 39 million American families on July 15 will get the first of six advance monthly payments of the enhanced federal child tax credit. However, some of those families should elect to not receive......

IRS data shows just who got $1,400 stimulus payments. Some people with higher incomes received checks

CNBC
CNBC – For more and to sign up click here CHUYN | iStock | Getty Images Figures from the IRS show who has received money from the third stimulus checks for up to $1,400 per person — and there are some surprises. In fact, some people with adjusted gross incomes......

Some people are facing pricey medical bills after using popular at-home colon cancer test

CBS News
CBS News – For more and to sign up click here Some people are facing pricey medical bills after using popular at-home colon cancer test – CBS News Watch CBSN Live TV channels air frequent commercials for Cologuard, advertised as a way to screen for colon cancer at-home – instead......

WhatsApp says hires former Amazon exec Mahatme to lead India payments

Reuters
The WhatsApp messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White NEW DELHI, June 28 (Reuters) – Facebook Inc (FB.O)-owned WhatsApp messenger said on Monday it was appointing a former Amazon (AMZN.O) executive as the head of payments in India as it looks to scale the......

Parents anxiously await the start of monthly child tax credit payments

CNBC
CNBC – For more and to sign up click here Marla Snead (right), with daughters Kelsie Dillard (left) and Carlee Turner. Marla Snead In just a few weeks, millions of families will start to receive monthly payments from the federal government through its new, expanded child tax credit. For Marla......

How millions of families will benefit from cash payments, tax breaks under new Child Tax Credit

CBS News
CBS News – For more and to sign up click here How millions of families will benefit from cash payments, tax breaks under new Child Tax Credit – CBS News Watch CBSN Live Millions of families will receive monthly cash payments thanks to the new Child Tax Credit plan. CBS......

Extorted by ransomware gangs? The payments may be tax-deductible

CBS News
CBS News – For more and to sign up click here As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: If you pay a ransom, it......

Supreme Court Backs Payments to Student-Athletes

New York Times
Adam Liptak WASHINGTON — The Supreme Court unanimously ruled on Monday that the N.C.A.A. cannot bar relatively modest payments to student-athletes in the name of amateurism. The decision, based on antitrust law, came as the business model of college sports is under increasing pressure. Last year, a federal appeals court......

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