Payments

Chris Farrell was given benefit for six months despite his repeated requests for payments to stopA former unpaid carer has urged welfare officials to “get their act together” after they continued to pay him carer’s benefit for six months after the death of his husband, potentially landing him with debts of more than £1,300.Chris Farrell, 65, who claimed carer’s allowance for four years while providing full-time care for his late husband repeatedly tried to get the Department for Work and Pensions (DWP) to stop paying him the £86.45 a week benefit.A carer who has accumulated more than £2,000 of unwanted carer’s allowance since their mother went into a care home 10 months ago. They said they had contacted the DWP to cancel the benefit five times, by phone and online form, to no avail.A carer who found it impossible to get the DWP to stop carer’s allowance payments despite reporting over a year ago she had taken on a new work contract and was no longer eligible for the benefit. She had been overpaid more than £2,650.A man trying to manage work and care for his father, who claimed carer’s allowance for several months after being made redundant, has been unable to stop the benefit despite telling officials repeatedly he no longer needed it after finding a new job. Continue reading...

• European payments industry leaders convened in London on June 10, 2026, to discuss the evolving landscape of financial transactions. • The summit focused on the critical roles of artificial intelligence, fraud prevention, and regulatory control in reshaping the industry. • These discussions are vital as the sector navigates the integration of AI to combat sophisticated financial crimes and enhance operational efficiency.

• Canadian Culture Minister Marc Miller announced that the government will stop plans to triple the financial contributions required from U.S. streaming services like Netflix for Canadian content. • Instead of hiking payments, the Canadian government intends to invest hundreds of millions of dollars directly into the domestic media sector. • The policy reversal follows pressure from the Motion Picture Association and the U.S. ambassador, who both urged the Canadian Cabinet to rescind the decision.

Bank apologises after IT update caused problems with Lloyds, Halifax and Bank of Scotland appsLloyds Banking Group has apologised after thousands of its customers were unable to make payments or send money due to another IT glitch.According to Downdetector, a website that lets people track real-time service issues and outages, customers started noticing problems shortly after 11am on Wednesday, with issues affecting many of the group’s brands: Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows and MBNA. Continue reading...

Senate estimates hearing told issues caused by a glitch in the automated system that runs the controversial mutual obligations schemeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe government has admitted it illegally cancelled hundreds of thousands of Centrelink payments because of a glitch in the automated system that runs the controversial mutual obligations scheme, it has been revealed.Speaking at senate estimates on Wednesday, representatives for the Department of Employment and Workplace Relations said the number of illegal cancellations, where people were not given enough time to reconnect to a job provider after missing a compulsory activity as part of their mutual obligations, was in “the vicinity” of 300,000. Continue reading...

Premier Group Recruitment went into administration with debts of £2.9m – including £647,000 owed to HMRCA recruitment executive – who was allowed to buy back the assets of his bust company in instalments despite it accumulating almost £3m of debt – has fallen behind on promised payments after pledging to send staff on an all-expenses paid trip to Las Vegas.The development is the latest case to raise questions about the practice of “phoenixism”, accounting’s controversial art of liquidating companies to allow directors to rise from the ashes with a new entity, free of debts. Continue reading...

• The European Central Bank (ECB) has released balance of payments and international investment position statistics for the euro area and its member nations. • The data highlights consistency in financial reporting, with 13 countries showing discrepancies below 1% of GDP and 14 countries maintaining discrepancies below 2% of GDP on the financial account side. • These statistics are critical for monitoring the economic stability and purchasing power of the single currency across the European Union.

• Asia-Pacific's cross-border payments market, valued at $13.5 trillion in 2025, is forecast to surge to $24 trillion by 2033, fueled by QR payments and digital adoption.• Thailand ranks second in regional economic optimism, supporting robust growth in transaction volumes across Southeast Asia.• Expansion driven by e-commerce boom and fintech innovations enhances trade efficiency in Singapore, Malaysia, Indonesia, and Vietnam.• Regulators eye next steps in harmonizing standards to sustain projected CAGR amid rising geopolitical tensions.

• Medicare underpayments to hospitals totaled more than $100 billion in 2024, according to testimony provided to the House Ways and Means Committee by the American Hospital Association. • Hospitals are managing significant cost pressures while treating a sicker, more medically complex, and aging patient population, with persistent misalignments between care provision and reimbursement rates. • The financial strain reflects broader healthcare system challenges as providers struggle with inadequate government reimbursement alongside rising operational costs.

Heather Hallett hails vaccine scheme but criticises rule that only those meeting 60% disabled threshold can get payoutsThe Covid-19 vaccine programme in the UK was an “extraordinary feat” but the payment scheme for people injured by the jabs must be urgently reformed, the public inquiry on the pandemic has found.In her report, the inquiry chair, Heather Hallett, praised the fact the UK was a world leader in biomedical sciences, which set it in good stead for developing and rolling out vaccines at scale. But she said the government must act urgently to reform the scheme for payments to the “small minority” of people seriously injured by the vaccines, and almost double maximum payouts to at least £200,000 from an upper limit of £120,000 at present. Continue reading...

Platform says it will reward original creators as it penalises ‘aggregators’ for flooding timelines with ‘stolen posts’Business live – latest updatesElon Musk’s X has reduced payments to users who post clickbait and recycle news stories as it warned account holders against “flooding the timeline” with low-quality content.Nikita Bier, X’s head of product, wrote on the social media platform that all “aggregators” – users who quickly repackage and repost news from other accounts – had received less money from the creator revenue sharing programme. Continue reading...

Forthcoming rules mean debilitating conditions may not meet strict ‘severe and lifelong’ eligibility criteria, say disabled people’s organisationsHundreds of thousands of severely ill and disabled people making new claims will have their benefits cut if the government assesses that their condition might improve, charities have said.In April, the health element of universal credit – an extra payment for people assessed as too unwell to work or prepare for work – will be reduced to £50 a week and frozen for new claimants unless their condition is found to be terminal or severe and lifelong with no prospect of improvement. Continue reading...

• Health plans' reliance on downcoding programs to cut physician reimbursements prompts state-level reforms highlighted in AMA's March 27, 2026 State Advocacy Update. • These practices harm doctors' earnings and patient care quality, leading policymakers to intervene for fairer payment systems. • The update covers top advocacy stories from March 2026, emphasizing protections for physicians amid ongoing reimbursement battles.

• The Medicare Payment Advisory Commission released its March 2026 Report to Congress, recommending a 0.5% increase in physician payments above current levels. • This proposal aims to address payment updates for Medicare services amid ongoing discussions on healthcare financing sustainability. • The report influences federal policy decisions on Medicare reimbursement rates for physicians across the US.

Policy begins on 1 April and is aimed to ease financial pressure as the price of fuel surges due to conflict in the Middle EastNearly 150,000 New Zealand families will soon receive a weekly cash payment to help them afford petrol, the government has announced, in what is believed to be the world’s first fuel relief package that directly pays citizens since the Iran war began.On Tuesday, prime minister Christopher Luxon and finance minister Nicola Willis announced roughly 143,000 families with children will get an extra NZ$50 ($29.20; £21.80) a week through a boost to the in-work tax credit – a payment to families with dependent children where at least one parent is in paid employment and neither parent receives benefits. Another 14,000 families on slightly higher incomes will also be eligible for payments, but will receive less than $50 per week. Continue reading...

Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for nowExplainer: What will happen when the £100 limit is scrapped?Shoppers will not be able to splash unlimited amounts on contactless cards despite the lifting of a £100 cap on payments as Britain’s banks held off on making changes.The official limit on individual contactless transactions on credit and debit cards has been scrapped but the UK’s biggest high street and challenger banks have kept the £100 ceiling in place. Continue reading...