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Musk Slams US Government Payment Systems, Alleges $100 Billion Annual "Fraud"
Elon Musk, the CEO of Tesla and SpaceX, on Sunday voiced strong concerns about the US government's payment systems, revealing troubling 'inefficiencies' and potential 'fraud' worth over USD 100 billion every year.
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"How Elon Musk Destroyed Twitter" Author On How His X Tactics May Bode For US
As Elon Musk and his aides take control of the US Treasury's payments system, the drastic job cuts and other shake-ups he instituted on buying Twitter may offer a preview of what government workers can expect.
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Elon Musk Has 'Read-Only' Access To Payments Data: US Treasury
The US Treasury said Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it.
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Elon Musk's DOGE Team Now Has Access To US Government's Payments System
Elon Musk and his DOGE team have been tasked by President Donald Trump to carry out cuts to the US government.
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Ship Firms, US Agree On 'Cost Payment' Over Collapse Of Baltimore Bridge
Ship management firm Synergy Marine and Grace Ocean, owner of the ship with 22 Indian crew members that collided with a US bridge in March, have reached an "agreement" with the US government on cost payment, while rejecting liability for the incident
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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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"Swag": Government Shares Pic Of Bengaluru Auto Driver Accepting UPI Payments Via Smartwatch
The picture shows the auto driver utilising a smartwatch with an embedded QR code scanner to effortlessly facilitate UPI payments.
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US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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United Spirits CEO Summoned By Delhi Police In Liquor Payments Case: Report
The CEO of Diageo's Indian business has been summoned by Delhi police's anti-corruption unit investigating billing and discount practices involving government agencies running liquor retail shops between 2017 and 2020, Reuters reported.
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Paytm Gets Government Panel Nod To Invest In Payments Arm: Report
India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with direct knowledge of the matter said.
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Government to Delay Digital Payments Market Share Cap, Helping Walmart-Backed PhonePe, Google Pay
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
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Microsoft, Meta and X Join Fortnite Maker Epic Games' Battle Against Apple
Epic Games has been joined by Meta, Microsoft, Elon Musk's X and Match Group in the Fortnite maker's protest that Apple has failed to honor a court-ordered injunction governing App Store payments that required the iPhone maker to let developers provide links and buttons to direct consumers to alternative payment options.
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Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
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Government Releases List Of Countries Where UPI Payments Are Accepted
UPI is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.
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"Google Pay, Phone Pe Ticking Time Bombs": Supriya Sule In Lok Sabha
Supriya Sule, an MP of the Nationalist Congress Party - Sharadchandra Pawar, on Friday alleged that apps like Google Pay and Phone Pe are "two ticking time bombs" and sought to know what steps the government is taking to check money laundering.
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Musk Slams US Government Payment Systems, Alleges $100 Billion Annual "Fraud"
Elon Musk, the CEO of Tesla and SpaceX, on Sunday voiced strong concerns about the US government's payment systems, revealing troubling 'inefficiencies' and potential 'fraud' worth over USD 100 billion every year.
-
"How Elon Musk Destroyed Twitter" Author On How His X Tactics May Bode For US
As Elon Musk and his aides take control of the US Treasury's payments system, the drastic job cuts and other shake-ups he instituted on buying Twitter may offer a preview of what government workers can expect.
-
Elon Musk Has 'Read-Only' Access To Payments Data: US Treasury
The US Treasury said Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it.
-
Elon Musk's DOGE Team Now Has Access To US Government's Payments System
Elon Musk and his DOGE team have been tasked by President Donald Trump to carry out cuts to the US government.
-
Ship Firms, US Agree On 'Cost Payment' Over Collapse Of Baltimore Bridge
Ship management firm Synergy Marine and Grace Ocean, owner of the ship with 22 Indian crew members that collided with a US bridge in March, have reached an "agreement" with the US government on cost payment, while rejecting liability for the incident
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
"Swag": Government Shares Pic Of Bengaluru Auto Driver Accepting UPI Payments Via Smartwatch
The picture shows the auto driver utilising a smartwatch with an embedded QR code scanner to effortlessly facilitate UPI payments.
-
US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
-
United Spirits CEO Summoned By Delhi Police In Liquor Payments Case: Report
The CEO of Diageo's Indian business has been summoned by Delhi police's anti-corruption unit investigating billing and discount practices involving government agencies running liquor retail shops between 2017 and 2020, Reuters reported.
-
Paytm Gets Government Panel Nod To Invest In Payments Arm: Report
India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with direct knowledge of the matter said.
-
Government to Delay Digital Payments Market Share Cap, Helping Walmart-Backed PhonePe, Google Pay
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
-
Microsoft, Meta and X Join Fortnite Maker Epic Games' Battle Against Apple
Epic Games has been joined by Meta, Microsoft, Elon Musk's X and Match Group in the Fortnite maker's protest that Apple has failed to honor a court-ordered injunction governing App Store payments that required the iPhone maker to let developers provide links and buttons to direct consumers to alternative payment options.
-
Enforcement Directorate Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank
An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday.
-
Government Releases List Of Countries Where UPI Payments Are Accepted
UPI is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.
-
"Google Pay, Phone Pe Ticking Time Bombs": Supriya Sule In Lok Sabha
Supriya Sule, an MP of the Nationalist Congress Party - Sharadchandra Pawar, on Friday alleged that apps like Google Pay and Phone Pe are "two ticking time bombs" and sought to know what steps the government is taking to check money laundering.
