Scammers impersonate NJ MVC in phishing text scheme demanding fake traffic payments
TRENTON, N.J. — A wave of SMS phishing scams has hit New Jersey residents this week, with cybercriminals impersonating the state’s Motor Vehicle Commission in fraudulent messages threatening license suspensions and financial…
Ukraine’s sovereign debt freeze to trigger CDS payments
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 insurance known as Credit Default Swap (CDS)…
Analysis-Bruised by a valuation freefall, payments companies brace for M&A
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 biggest payments processor, has not gone unnoticed.…
Mexican leasing firm Unifin to miss debt payments, seek restructuring deal
By Kylie Madry and Noe Torres MEXICO CITY – Mexican leasing firm Unifin will miss principal and interest payments on its debt because of limited sources of financing, the company said in…
Ecuador’s debt payments not affected by Luxembourg asset freeze – government says
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 country’s assets amid a dispute with oil…
Air Lease chairman says progress payments to Airbus, Boeing under scanner
(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, as deliveries of aircraft get delayed due…
Exclusive: Business payments firm Billtrust up for sale – sources
By David French NEW YORK – BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale, according to people familiar with the matter. The…
U.S. consumer watchdog to scrutinize crypto payments, Big Tech moves into finance -director
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 up oversight of Big Tech companies as…
Cardiac Device Manufacturer Biotronik Inc. Agrees to Pay Nearly $13 Million To Settle Allegations of Improper Payments to Doctors
LOS ANGELES – Biotronik Inc., a medical device manufacturer based in Oregon, has agreed to pay $12.95 million to resolve allegations that it violated the False Claims Act by causing the…
Cardiac Device Manufacturer Biotronik Inc. Agrees to Pay Nearly $13 Million To Settle Allegations of Improper Payments to Doctors
LOS ANGELES – Biotronik Inc., a medical device manufacturer based in Oregon, has agreed to pay $12.95 million to resolve allegations that it violated the False Claims Act by causing the…
Ukraine talking to major institutions about ways to reduce debt payments
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 debt management Yuriy Butsa said on Thursday.…
John O’Hara, Jr. Pleads Guilty to Stealing Social Security Benefit Payments
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 District Court in Burlington to a charge…
Chinese property developer Ronshine misses interest payments on two bonds
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 million, in the latest blow to China’s…
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
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 of the U.S. Department of Health and…
Taiwan holders of Russian bonds say haven’t received payments -sources
By Emily Chan TAIPEI – Some Taiwanese holders of Russian Eurobonds have not received interest due on May 27 after a grace period expired on Sunday evening, two sources said, potentially setting…
Germany’s debt interest payments could soar next year, finance minister warns – newspaper
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 rates and growing debt levels, adding that…
Russian truckmaker Kamaz struggles to settle payments due to sanctions, CEO says
(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 the firm after it was hit by…
Digital Banking and Payments Start-up Revolut Partners with Vonage to Improve Customer Service Experience
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, offering money transfer and exchange. Today, more…
Bank of Canada: some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise
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 2025-26, given rising rates, according to a…
Block to integrate Square payments with Apple iPhone’s ‘Tap to Pay’ feature
(Reuters) – Block Inc will work with Apple Inc to integrate Square payments with “Tap to Pay” feature on iPhones and launch it later this year, the fintech company said on Thursday.…
Sri Lanka seeks to secure $5 billion in funds for import payments
By Uditha Jayasinghe COLOMBO – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other items bought through credit lines, and another…
Russia eyes gas-for-roubles template for foreign Eurobond payments
(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 move would not enable Russia to avoid…
Pushpay shares surge after NZ-based payments group confirms takeover talks
(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 parties over a potential acquisition. Pushpay said…
Former Postal Worker Sentenced For Defrauding Department Of Labor Of $732,000 In Disability Payments
Ocala, Florida – Senior United States District Judge John Antoon II has sentenced George Utley (56, Oklahoma City) to 30 months in federal prison for receiving stolen government property, specifically, Department of…
Jamaica says Rusal making consistent payments on tax bill
By Kate Chappell KINGSTON – Russian aluminum giant Rusal has been making steady payments to Jamaica as part of a 2021 agreement to pay back production taxes it owes the government, according…
Putin tells experts to work on trade payments with allies and ‘unfriendly’ states
(Reuters) – Russian President Vladimir Putin on Monday ordered the creation of a working group on international payments whose tasks will include figuring out terms for transactions with “unfriendly” states. Putin said…
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