Saturday, October 16News That Matters
Shadow

Tag: payments

Some $1,400 stimulus checks will be mailed payments. It’s not junk mail, so here’s how to make sure you don’t miss them

Finance
Getty ImagesNew $ 1,400 stimulus checks could be landing in your mailbox soon.Government agencies including the Treasury Department, IRS and Bureau of the Fiscal Service on Monday announced a second batch of payments will be sent this week.While that includes more direct deposit payments, it also includes a large number of mailed paper checks or prepaid debit cards."Since this new set of payments will include more mailed payments, we urge people to carefully watch their mail for a check or debit card in the coming weeks," IRS Commissioner Chuck Rettig said in a statement.The third stimulus checks were authorized when the American Rescue Plan was passed earlier this month.The payments will include up to $ 1,400 per person, plus $ 1,400 per adult or child dependent, provided individuals a...
Suu Kyi payments claimed as Myanmar junta raises pressure

Suu Kyi payments claimed as Myanmar junta raises pressure

World
A Myanmar construction magnate with links to military rulers has claimed he personally gave more than half a million dollars in cash to deposed leader Aung San Suu Kyi in a broadcast on state television aimed at discrediting the ousted civilian governmentByThe Associated PressMarch 18, 2021, 9:59 AM• 3 min readShare to FacebookShare to TwitterEmail this articleMANDALAY, Myanmar -- A Myanmar construction magnate with links to military rulers said he personally gave more than half a million dollars in cash to deposed leader Aung San Suu Kyi in a broadcast on state television aimed at discrediting the ousted civilian government.The statement by Maung Waik could pave the way for more serious charges against Suu Kyi, who has been detained since the Feb. 1 military takeover while security forces...
SBI, Paytm Payments Bank, PhonePe lead in UPI transactions in Feb

SBI, Paytm Payments Bank, PhonePe lead in UPI transactions in Feb

Finance
was the top remitter on the UPI platform in February, while Paytm Payments Bank led the chart in the beneficiary segment, as per data published by the National Payments Corporation of India. PhonePe topped the app category on the UPI platform in terms of volume and amount involved in the transactions that it facilitated. According to the data published by NPCI, State Bank of India (SBI) recorded 656.92 million remittance transactions in February, that is money was sent out from the bank using the UPI platform. It was followed by HDFC Bank with 207.27 million remittance transactions, Axis Bank (164.27 million), Paytm Payments Bank (149.32 million) and ICICI Bank (148.98 million). Paytm Payments Bank led the UPI beneficiary category with 389.24 million transactions, which means money was...

How $1,400 stimulus checks could be best targeted based on past payments

Finance
Sarah Casillas | DigitalVision | Getty ImagesA new coronavirus relief bill could give millions of Americans $ 1,400 stimulus checks.Congress is poised to pass the legislation in March, at which point individuals and families could see the money in the following days or weeks.But as negotiations continue, one argument has surfaced: Is the amount too much or too little? And who exactly should be eligible?The current proposal calls for sending $ 1,400 to individuals, or $ 2,800 to married couples who file their taxes jointly. Their children and adult dependents would also be eligible for $ 1,400.More from Personal Finance:As Washington debates $ 1,400 checks, who qualifies may changeChild tax credit proposal could give families more aid than stimulus8 million missing out on unemployment ...
NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments

NPCI adds offline transactions feature in RuPay cards, reloadable wallet facility for retail payments

Finance
The National Payments Corporation of India (NPCI) on Wednesday said it has added features in RuPay cards that will allow offline transactions even in areas with limited internet connectivity, besides offering a reloadable wallet facility to boost seamless retail transactions. RuPay cardholders can make contactless offline payments at POS (point of sale) in areas with limited network and an additional feature of reloadable wallets in the form of RuPay contactless (offline) will facilitate seamless day-to-day retail transactions, the NPCI said. These additional features will augment the overall transaction experience for RuPay cardholders and revolutionise the overall card payment ecosystem, it said. NPCI said with the relodable RuPay NCMC card, customers can store money to ensure quick and ...