The Financial Conduct Authority said it was pressing ahead with the package of proposals to support people facing payment difficulties because of the pandemic.

The FCA said those who used PCPs, Hire Purchase or Conditional Sale agreements to buy a car would be able to temporarily put payments on hold without cars being repossessed.

Finance companies should not take steps to end the agreement or repossess the vehicle during the payment freeze period and customers will be allowed to continue driving their cars, says the FCA.

As part of a stimulus package for the coronavirus-hit economy, the government is working on a credit guarantee scheme to enable banks to provide additional 10-15 per cent working capital to MSMEs for payment of wages, sources said. Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further. Since units are closed due to lockdown and there has been no operation for the past two months, most micro, small and medium enterprises (MSMEs) do not have money for paying wages and financial assistance for them is under consideration of the government, the sources said. One of the proposals under consideration is to provide 10-15 per cent additional line of credit by banks over the working capital limit of the MSME sector, which is the largest employer in the country after agriculture. This loan, especially for wage payment, will be backed by a proposed credit guarantee fund so that lenders' money is ...

Hyundai India has announced a unique ‘EMI Assurance' program due to the Covid-19 pandemic in the country. The new initiative supports working individuals with repayment of car loans in case any employment uncertainty.

This free report highlights the main facts, numbers and trends of the Russian ecommerce and e-payments markets in an international perspective.

The new Cross-Border Payments and Commerce Report 2019 – 2020 depicts the major trends driving growth in cross-border payments, cross-border commerce, and marketplaces.

Who’s Who in Payments – Complete Overview of Key Payment Providers encompasses key trends in the payments industry.

Want to understand Brazil's 70 million e-shoppers and its payments industry? The shopping habits of Brazil’s 210 million consumers have their particularities just like other countries, since each country’s payments segment adopts its own means adapted to the local culture.

The GDC Compliance Advisory Board (CAB) provides insight into how to interpret the Strong Consumer Authentication (SCA) mandate described in PSD 2 without jeopardizing data privacy concerns protected by GDPR. 

(The Paypers) SnapPay has announced the availability of facial recognition payment technology for North...

India-based digital payments platform Mintoak has secured a...

Ingenico Group,

As the Covid-19 pandemic spreads, commercial payments volumes have declined across the globe due to...

The US Federal Reserve has created a new group to advise on its planned faster payments service, the FedNow...

baVel, Voxel's electronic transaction platform in...

Visa has teamed up with Kenyan telecom Safaricom, operator...

FIS, a financial services technology company, has announced...

UAE-based government services ecosystem TAMM has launched the Abu Dhabi Pay platform to...

UK-based automotive payment provider Auto Service Finance has secured a debt and...

Canada-based digital transaction processor Carta Worldwide teamed with

A new report from the National Academies of Sciences, Engineering, and Medicine says that Medicare’s value-based payment programs could take into account social risk factors – such as low socio-economic position, residence in disadvantaged neighborhoods, or race and ethnicity – but any proposal to do so will entail both advantages and disadvantages that need to be carefully considered.

NMI and

A new report by research company

Argentina-based fintech Mercado Pago has announced it will now be possible to share...

Vodafone Egypt has teamed up with TPAY MOBILE, a digital...

US-based payments processor Nets has released

UATP has partnered the payment technology company

Perk Labs has formally launched new verticals and unveiled the...

File photo: Customers enter a Home Depot store on May 21, 2013 in El Cerrito, Calif.; Credit: Justin Sullivan/Getty Images

The Home Depot says it has eliminated malware from its U.S. and Canadian networks that affected 56 million unique payment cards between April and September.

The Atlanta-based home improvement retailer said Thursday it has also completed a "major" payment security project that provides enhanced encryption of customers' payment data in the company's U.S. stores.

Home Depot also is confirming its sales-growth estimates for the fiscal year and expects to earn $4.54 per share in fiscal 2014, up 2 cents from its prior guidance.

Coda Payments and Riot Games have announced that players...

IDEX Biometrics...