Gulf Times - payments
Banks need to revamp cross-border business amid rising competition: BCG

Banks need to revamp cross-border business amid rising competition: BCG

Banks need to revamp their cross-border business as competition emerges in cross-border payments space; Boston Consulting Group (BCG) has said in a report.

After court ruling on late payments, Italy may face EU fines

After court ruling on late payments, Italy may face EU fines

Italy could face the prospect of EU fines for failing to settle public service invoices on time, after the bloc's top court ruled against Rome on Tuesday in a long-running dispute.

QPAY launches VISA Contactless Payments in the Middle East

QPAY launches VISA Contactless Payments in the Middle East

QPAY smart POS solution (powered by NEXXO Blockchain platform) now supports VISA contactless payments.

Brazilian mining company pledges payments to dam mudslide victims

Brazilian mining company pledges payments to dam mudslide victims

The Brazilian mining giant Vale has promised to pay 100,000 reals (27,000 dollars) to the families of each of the people killed when one of its dams burst and released a massive mudslide ...

Trump lashes ex-lawyer, says taping of client 'perhaps illegal'

Trump lashes ex-lawyer, says taping of client 'perhaps illegal'

US President Donald Trump slammed his ex-lawyer Michael Cohen, saying he may have acted illegally in secretly taping their discussion about payments.

India's top bank to stop handling Iran oil payments

India's top bank to stop handling Iran oil payments

The move comes after US President Donald Trump pulled out of an international nuclear deal with Iran on May 8.

Berlusconi's ex-wife to repay $70mn in alimony

Berlusconi's ex-wife to repay $70mn in alimony

Italy's former prime minister Silvio Berlusconi won an appeal against paying his ex-wife alimony on Thursday, as a court told Veronica Lario to repay cheques totalling some €60mn ($70mn).

Steps afoot to introduce minimum wage for workers

Steps afoot to introduce minimum wage for workers

This would be done by taking into account the adequacy of the wage level in providing for the basic needs of workers and enabling them to live at an appropriate humanitarian level, the minister explained.

Losses mounting for Qataris in siege countries

Losses mounting for Qataris in siege countries

The ongoing blockade has deprived many Qataris of following up on the operations of their companies in the siege nations, leading to losses worth millions of dollars.

FBI warns of surge in wire-transfer fraud via spoofed emails

FBI warns of surge in wire-transfer fraud via spoofed emails

Attempts at cyber wire fraud globally, via emails purporting to be from trusted business associates, have surged in the last seven months of 2016, the US Federal Bureau of Investigation said.

Saudi builder Binladin says govt started to pay dues

Saudi builder Binladin says govt started to pay dues

The Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom's biggest construction firm, for its work on government projects, Saudi Okaz newspaper reported.

Tokyo says 2020 bid 'clean' after payment report

Tokyo says 2020 bid 'clean' after payment report

Japan insisted its successful bid for the 2020 Olympics was ‘clean’ on Thursday after a new report alleged clandestine payments surrounding the campaign for the Tokyo Games.