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Payments

Renault offered over 1,000 euro one-off payments to most workers to cope with inflation – unions

September 22, 2022
Renault offered over 1,000 euro one-off payments to most workers to cope with inflation - unions - photo licensed by shore news network.

PARIS (Reuters) – French car maker Renault has offered over 1,000 euros in one-off payments to a majority of its workers to help them cope …

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Surgeon Pleads Guilty to Federal Charge for Accepting $3.3 Million in Illicit Payments to Perform Spinal Surgeries at Corrupt Hospital

September 1, 2022
Surgeon pleads guilty to federal charge for accepting $3. 3 million in illicit payments to perform spinal surgeries at corrupt hospital - photo licensed by shore news network.

          LOS ANGELES – A neurosurgeon pleaded guilty today to a federal criminal charge for accepting approximately $3.3 million in bribes for performing spinal surgeries …

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Putin orders benefit payments for people arriving in Russia from Ukraine

August 27, 2022
Putin orders benefit payments for people arriving in russia from ukraine - photo licensed by shore news network.

MOSCOW (Reuters) – Russian President Vladimir Putin on Saturday signed a decree introducing financial benefits for people who left Ukrainian territory to come to Russia, …

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Visa tokens overtake payments giant’s physical cards in circulation

August 24, 2022
Visa tokens overtake payments giant's physical cards in circulation - photo licensed by shore news network.

By Manya Saini (Reuters) – Payments giant Visa Inc said on Wednesday it has issued over 4 billion network tokens worldwide through its security technology …

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Ukraine’s sovereign debt freeze to trigger CDS payments

August 19, 2022
Ukraine's sovereign debt freeze to trigger cds payments - photo licensed by shore news network.

LONDON (Reuters) – A panel of investors on Friday determined Ukraine had triggered a restructuring event after a two-year sovereign debt freeze, and a default …

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Analysis-Bruised by a valuation freefall, payments companies brace for M&A

August 12, 2022
Analysis-bruised by a valuation freefall, payments companies brace for m&a - photo licensed by shore news network.

By Pamela Barbaglia and David French LONDON/NEW YORK – Battered by a near 50% plunge in its shares over the last 12 months, Nexi, Europe’s …

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Mexican leasing firm Unifin to miss debt payments, seek restructuring deal

August 9, 2022
Mexican leasing firm unifin to miss debt payments, seek restructuring deal - photo licensed by shore news network.

By Kylie Madry and Noe Torres MEXICO CITY – Mexican leasing firm Unifin will miss principal and interest payments on its debt because of limited …

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Ecuador’s debt payments not affected by Luxembourg asset freeze – government says

August 9, 2022
Ecuador's debt payments not affected by luxembourg asset freeze - government says - photo licensed by shore news network.

By Alexandra Valencia QUITO – Ecuador’s capacity to meet its external debt obligations has not been affected by a Luxembourg court’s decision to freeze the …

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Air Lease chairman says progress payments to Airbus, Boeing under scanner

August 4, 2022
Air lease chairman says progress payments to airbus, boeing under scanner - photo licensed by shore news network.

(Reuters) – Air Lease Corp’s chairman said on Thursday the lessor will examine progress payments that the company makes to Boeing Co and Airbus SE, …

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Exclusive: Business payments firm Billtrust up for sale – sources

July 27, 2022

By David French NEW YORK – BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale, according …

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U.S. consumer watchdog to scrutinize crypto payments, Big Tech moves into finance -director

July 26, 2022
U. S. Consumer watchdog to scrutinize crypto payments, big tech moves into finance -director - photo licensed by shore news network.

By Katanga Johnson and Michelle Price WASHINGTON – The top U.S. consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp …

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Cardiac Device Manufacturer Biotronik Inc. Agrees to Pay Nearly $13 Million To Settle Allegations of Improper Payments to Doctors

July 22, 2022
Cardiac device manufacturer biotronik inc. Agrees to pay nearly $13 million to settle allegations of improper payments to doctors - photo licensed by shore news network.

          LOS ANGELES – Biotronik Inc., a medical device manufacturer based in Oregon, has agreed to pay $12.95 million to resolve allegations that it violated …

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Cardiac Device Manufacturer Biotronik Inc. Agrees to Pay Nearly $13 Million To Settle Allegations of Improper Payments to Doctors

July 22, 2022
Cardiac device manufacturer biotronik inc. Agrees to pay nearly $13 million to settle allegations of improper payments to doctors - photo licensed by shore news network.

          LOS ANGELES – Biotronik Inc., a medical device manufacturer based in Oregon, has agreed to pay $12.95 million to resolve allegations that it violated …

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Ukraine talking to major institutions about ways to reduce debt payments

July 21, 2022
Ukraine talking to major institutions about ways to reduce debt payments - photo licensed by shore news network.

KYIV – Kyiv is talking to major international financial institutions about ways to reduce debt payments in the near future, Ukraine’s government commissioner for public …

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John O’Hara, Jr. Pleads Guilty to Stealing Social Security Benefit Payments

July 14, 2022
John o’hara, jr. Pleads guilty to stealing social security benefit payments - photo licensed by shore news network.

The United States Attorney for the District of Vermont announced that John O’Hara, Jr., 43, of White River Junction, pleaded guilty today in United States …

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Chinese property developer Ronshine misses interest payments on two bonds

July 10, 2022
Chinese property developer ronshine misses interest payments on two bonds - photo licensed by shore news network.

HONG KONG – Chinese property developer Ronshine China Holdings Ltd has not made interest payments on its June 2023 and December 2023 notes, totalling $27.9 …

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U.S. Attorney Announces $7.85 Million Settlement With Citadel Skilled Nursing Facility In Bronx For Fraudulently Switching Residents’ Healthcare Coverage To Boost Medicare Payments

June 29, 2022
U. S. Attorney announces $7. 85 million settlement with citadel skilled nursing facility in bronx for fraudulently switching residents’ healthcare coverage to boost medicare payments - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, and Scott J. Lampert, Special Agent-in-Charge of the New York Regional Office …

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Taiwan holders of Russian bonds say haven’t received payments -sources

June 26, 2022
Taiwan holders of russian bonds say haven't received payments -sources - photo licensed by shore news network.

By Emily Chan TAIPEI – Some Taiwanese holders of Russian Eurobonds have not received interest due on May 27 after a grace period expired on …

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Germany’s debt interest payments could soar next year, finance minister warns – newspaper

June 18, 2022
Germany's debt interest payments could soar next year, finance minister warns - newspaper - photo licensed by shore news network.

BERLIN – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest …

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Russian truckmaker Kamaz struggles to settle payments due to sanctions, CEO says

June 16, 2022
Russian truckmaker kamaz struggles to settle payments due to sanctions, ceo says - photo licensed by shore news network.

(Reuters) – Kamaz, Russia’s largest truckmaker, sees its exports stagnating at last year’s levels or falling slightly as clients shy away from settling payments with …

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Digital Banking and Payments Start-up Revolut Partners with Vonage to Improve Customer Service Experience

June 14, 2022
Digital banking and payments start-up revolut partners with vonage to improve customer service experience - photo licensed by shore news network.

Revolut has chosen Vonage to drive customer engagement and create the best possible experience from anywhere. Tweet this In 2015, Revolut launched in the UK, …

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Bank of Canada: some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise

June 9, 2022
Bank of canada: some canadians could see mortgage payments jump by 45% in 2025-26 as rates rise - photo licensed by shore news network.

By David Ljunggren OTTAWA – Some Canadians who took out mortgages in 2020-21 could see their monthly payments jump by as much as 45% in …

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Block to integrate Square payments with Apple iPhone’s ‘Tap to Pay’ feature

June 2, 2022
Block to integrate square payments with apple iphone's 'tap to pay' feature - photo licensed by shore news network.

(Reuters) – Block Inc will work with Apple Inc to integrate Square payments with “Tap to Pay” feature on iPhones and launch it later this …

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Sri Lanka seeks to secure $5 billion in funds for import payments

June 2, 2022
Sri lanka seeks to secure $5 billion in funds for import payments - photo licensed by shore news network.

By Uditha Jayasinghe COLOMBO – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other …

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Russia eyes gas-for-roubles template for foreign Eurobond payments

May 30, 2022
Russia eyes gas-for-roubles template for foreign eurobond payments - photo licensed by shore news network.

(Reuters) -Russia is considering paying Eurobond holders by applying the mechanism it uses to process payments for its gas in roubles, though investors said the …

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Pushpay shares surge after NZ-based payments group confirms takeover talks

May 23, 2022

(Reuters) – Shares of Pushpay Holdings Ltd surged on Tuesday after the New Zealand-based payments group confirmed that it was in early talks with multiple …

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Former Postal Worker Sentenced For Defrauding Department Of Labor Of $732,000 In Disability Payments

May 23, 2022
Former postal worker sentenced for defrauding department of labor of $732,000 in disability payments - photo licensed by shore news network.

Ocala, Florida – Senior United States District Judge John Antoon II has sentenced George Utley (56, Oklahoma City) to 30 months in federal prison for …

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Jamaica says Rusal making consistent payments on tax bill

May 23, 2022
Jamaica says rusal making consistent payments on tax bill - photo licensed by shore news network.

By Kate Chappell KINGSTON – Russian aluminum giant Rusal has been making steady payments to Jamaica as part of a 2021 agreement to pay back …

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Putin tells experts to work on trade payments with allies and ‘unfriendly’ states

May 9, 2022
Putin tells experts to work on trade payments with allies and 'unfriendly' states - photo licensed by shore news network.

(Reuters) – Russian President Vladimir Putin on Monday ordered the creation of a working group on international payments whose tasks will include figuring out terms …

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CDS committee closes Russia April payments case -statement

May 6, 2022
Cds committee closes russia april payments case -statement - photo licensed by shore news network.

NEW YORK – The EMEA Credit Derivatives Determinations Committee said on Friday it closed the case looking into whether credit default swaps would be paid …

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Trump Organization settles lawsuit over DC hotel payments tied to inauguration

May 3, 2022
Trump organization settles lawsuit over dc hotel payments tied to inauguration - photo licensed by shore news network.

By Jonathan Stempel NEW YORK – Donald Trump’s family business and his 2017 U.S. presidential inaugural committee will pay $750,000 to settle a lawsuit by …

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California Man Found Guilty of Conspiracy to Steal Payments from U.S. Department of Defense, Bank Fraud, Lying to Federal Agents, and Other Offenses Related to $23m Phishing Scam

April 29, 2022
California man found guilty of conspiracy to steal payments from u. S. Department of defense, bank fraud, lying to federal agents, and other offenses related to $23m phishing scam - photo licensed by shore news network.

CAMDEN, N.J. – A California man was convicted on six counts related to the theft of over $23 million dollars from the U.S. Department of …

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Russia makes last-gasp dollar bond payments in bid to avoid default

April 29, 2022
Russia makes last-gasp dollar bond payments in bid to avoid default - photo licensed by shore news network.

(Reuters) – Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international …

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Toms River Man Ran Successful Donut Operation While Taking State Disability Payments from NJ Transit Job

April 27, 2022
Toms river man ran successful donut operation while taking state disability payments from nj transit job - photo licensed by shore news network.

TOMS RIVER, NJ – A Toms River man stood before the U.S. District Court in Illinois and admitted he was collecting disability payments from his …

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S&P cuts Sri Lanka to ‘selective default’ on missed payments

April 25, 2022
S&p cuts sri lanka to 'selective default' on missed payments - photo licensed by shore news network.

(Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed …

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Exclusive-Mexico’s Pemex under pressure to resume financial debt payments

April 21, 2022
Exclusive-mexico's pemex under pressure to resume financial debt payments - photo licensed by shore news network.

By Ana Isabel Martinez and Anthony Esposito MEXICO CITY – Mexico’s cash-strapped state oil firm Petroleos Mexicanos (Pemex) is under pressure to resume financial debt …

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Explainer-China UnionPay, Russia’s potential payments backstop

April 21, 2022
Explainer-china unionpay, russia's potential payments backstop - photo licensed by shore news network.

By Selena Li HONG KONG – Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that …

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Austrian leader says Putin told him gas payments in euros can continue

April 14, 2022
Austrian leader says putin told him gas payments in euros can continue - photo licensed by shore news network.

By Francois Murphy VIENNA – Russian President Vladimir Putin told Chancellor Karl Nehammer during their meeting this week that Austria’s supply of gas can continue …

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China developer Zhenro defaults on interest payments for two offshore bonds

April 11, 2022April 10, 2022

HONG KONG – China’s Zhenro Properties said it has missed interest payments on two offshore bonds and expects four more defaults in the coming months …

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Mayor of Guayama Pleads Guilty to Accepting Bribes in Exchange for Executing Municipal Contracts and Approving Invoice Payments

April 8, 2022
Mayor of guayama pleads guilty to accepting bribes in exchange for executing municipal contracts and approving invoice payments - photo licensed by shore news network.

SAN JUAN, Puerto Rico – The mayor of Guayama, Puerto Rico, Eduardo Cintrón-Suárez, pleaded guilty today in Puerto Rico to engaging in a bribery scheme …

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REPORT: Biden Expected To Extend Moratorium On Student Loan Payments

April 6, 2022April 5, 2022
Report: biden expected to extend moratorium on student loan payments - photo licensed by shore news network.

REPORT: Biden Expected To Extend Moratorium On Student Loan Payments Harry Wilmerding on April 5, 2022 President Joe Biden is expected to pause student loan …

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Explainer-Can Russia make payments on its sovereign debt?

April 5, 2022
Explainer-can russia make payments on its sovereign debt? - photo licensed by shore news network.

LONDON – The United States has blocked the Russian government from paying owners of its sovereign debt from reserves held at U.S. banks, raising the …

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Brazil’s central bank to postpone payments to banks due to striking workers

March 31, 2022
Brazil's central bank to postpone payments to banks due to striking workers - photo licensed by shore news network.

By Bernardo Caram BRASILIA – Brazil’s central bank decided on Wednesday to postpone payments to financial institutions for resources held in accounts from the Pix …

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Russian demand for rouble gas payments would be breach of contract, EU leaders say

March 24, 2022
Russian demand for rouble gas payments would be breach of contract, eu leaders say - photo licensed by shore news network.

By Kate Abnett BRUSSELS – Leaders from some European Union member states said on Thursday Russia’s demand that “unfriendly” countries use roubles to buy for …

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Explainer-Challenges arise as Russia calls for gas payments in roubles

March 23, 2022
Explainer-challenges arise as russia calls for gas payments in roubles - photo licensed by shore news network.

By Arathy Somasekhar HOUSTON – Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay …

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Thailand to ban use of digital assets as payments from April – SEC

March 22, 2022
Thailand to ban use of digital assets as payments from april - sec - photo licensed by shore news network.

BANGKOK – Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator …

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Explainer-Russia faces a raft of external debt payments

March 21, 2022
Explainer-russia faces a raft of external debt payments - photo licensed by shore news network.

LONDON – Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or …

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PayPal expands payments services to help Ukrainian citizens, refugees

March 17, 2022
Paypal expands payments services to help ukrainian citizens, refugees - photo licensed by shore news network.

By Andrea Shalal WASHINGTON – PayPal Holdings Inc on Thursday expanded its services to allow Ukrainian citizens and refugees to receive payments from overseas, a …

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Federal Grand Jury Indicts Former Suburban Chicago Police Officer for Allegedly Extorting Cash Payments From Local Towing Businesses

March 17, 2022
Federal grand jury indicts former suburban chicago police officer for allegedly extorting cash payments from local towing businesses - photo licensed by shore news network.

CHICAGO — A police officer in Harvey, Ill., threatened to interfere with local towing companies’ ability to compete for city work unless they paid him …

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Russian rouble rises in low volumes, market eyes coupon payments

March 16, 2022
Russian rouble rises in low volumes, market eyes coupon payments - photo licensed by shore news network.

-The Russian rouble rose against the dollar in Moscow and offshore trading on Wednesday, although volumes remained thin and other Russian assets continued to be …

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