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Philippine remittances see first drop since 2001

Payments Source

The amount of money repatriated by Filipinos abroad fell last year for the first time since 2001 as the pandemic upended the global job market.

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Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom

PYMNTS

Mediterra Capital is expanding its portfolio with a big new investment that will give the top Turkish private equity firm a stake in the country’s fast-growing digital payments sector. PayCore has been pushing to expand globally from its home base in Turkey, having acquired Mastercard Payment Transaction Services Turkey Bili?im

Payments 141
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Cloud Payment Processor Volante Teams With Goldman Sachs On Digital Transaction Banking

PYMNTS

23) it is collaborating with Goldman Sachs Bank USA to provide the payments platform for the bank’s digital transaction service. In addition to payments, the application programming interface (API)-enabled platform includes analytics, liquidity management, virtual accounts and payments. end up in payments,” he said. “The

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Connected commerce: The next big thing in digital payments starts at home

Accenture

In 2001: A Space Odyssey, “Hal” the on-board computer says, “I’m sorry, Dave. I’m afraid I can’t do that,” and refuses to let Dave back into the main spacecraft. This is a nightmare scenario around artificial intelligence that has been. Read more.

Maine 150
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Where People Spent Stimulus Payments – And Where They Didn’t

PYMNTS

The stimulus payments may not have done much to, well, stimulate the economy at large. trillion in stimulus checks tended to use those payments to bolster their savings or pay down debt – and only a small percentage of those surveyed actually spent that money.

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Unifiedpost Unveils Acquisitions To Build European B2B Platform

PYMNTS

“Fully aligned with the thoughtful M&A-approach of Unifiedpost Group, I am convinced that with these acquisitions we set the right steps to further create a pan-European platform for documents, identity and payment services,” Unifiedpost Group CEO and Founder Hans Leybaert said in the announcement.

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CT Gov: First Wave Of $600 Jobless Payments Were Sent

PYMNTS

Ned Lamont said his state’s first batch of $600 weekly federal stimulus unemployment payments were issued last weekend, NBC reported. . Connecticut’s $600 payments exceeded $89 million, according to the governor. In 2001, most households received up to $600. Connecticut Gov. In 2008, up to $1,200 was distributed per household.