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Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
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New FASTag Rules, Penalties To Be Effective From February 17
FASTag users may incur additional charges if their toll transactions are processed beyond 15 minutes from the time the vehicle passes the toll reader.
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Malaysian Anti-Corruption Commission Turns to Blockchain, AI to Curb Sophisticated Crimes
Azam Baki, MACC chief commissioner, stated that AI and blockchain can help detect criminals involved in sophisticated corruption. The agency's intelligence unit has integrated these technologies into forensic and financial analysis to enhance threat detection.
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Musk Takes Control Of US Treasury Payments Systems
Elon Musk's aides have taken control of the US Treasury Department's payments system -- which manages trillions of dollars of transactions each year -- sparking alarm among critics.
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NPCI to Decline UPI Transactions That Contain Special Characters in the Transaction ID
The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1.
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UPI Transaction IDs With These Characters Will Be Blocked From February 1 - Here's How To Avoid It
UPI Transaction IDs: The circular, dated January 9, advised UPI ecosystem players to generate UPI transaction IDs using only alphanumeric characters to ensure compliance with UPI technical specifications.
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KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
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BoA Chief Predicts Banks Will Go Bullish on Crypto Once Rules Are More Defined Under Trump
Brian Moynihan, the CEO of BoA, said in a CNBC interview Tuesday that once the crypto rules were more defined, virtual assets could be classified as real fintech tools that could be integrated into existing businesses.
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Birla Institute of Management Technology Launches Bimcoin, a Blockchain-Based Campus Currency
BIMTECH has designed Bimcoin to facilitate secure and transparent transactions within the institute’s internal ecosystem for students, administrators, and vendors. Unlike conventional financial systems, Bimcoin leverages blockchain’s decentralised nature, ensuring transparency, and incorporating programmable features such as smart contracts, th...
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To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits
The RBI on Friday asked banks to use only the '1600xx' phone numbering series to call customers for transactional purposes with a view to preventing financial fraud.
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Circle Says USDC Crosses $18 Trillion Lifetime Transactions Milestone
Circle announced that the circulation of the USDC stablecoin clocked a year-on-year growth of 78 percent. In its report, Circle credited the growing regulatory clarity and improved scalability of new blockchains that have accelerated the adoption of USDC.
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IIT Bhilai Unveils Anti-Fraud Device, Aiming To Secure UPI, E-Commerce, And Banking
Resembling a pen drive, the device acts as a secure dongle, ensuring no online transactions can occur without its connection and a password.
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Meta Offers to Publish EBay Ads on Facebook Marketplace to Comply With EU Antitrust Order
Meta said on Wednesday it will launch a test in Germany, France and the US that will enable “buyers to browse listings from eBay directly on Facebook Marketplace while completing their transaction on eBay.”
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Getty Images to Acquire Shutterstock to Create $3.7 Billion Firm
Getty Images Holdings Inc. agreed to acquire rival stock-photo provider Shutterstock Inc.. Getty Images offers to pay about $28.85 (roughly Rs. 2,476) in cash, or roughly 13.67 Getty Images shares for each Shutterstock share, according to a statement on Tuesday.
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KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.
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Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
-
New FASTag Rules, Penalties To Be Effective From February 17
FASTag users may incur additional charges if their toll transactions are processed beyond 15 minutes from the time the vehicle passes the toll reader.
-
Malaysian Anti-Corruption Commission Turns to Blockchain, AI to Curb Sophisticated Crimes
Azam Baki, MACC chief commissioner, stated that AI and blockchain can help detect criminals involved in sophisticated corruption. The agency's intelligence unit has integrated these technologies into forensic and financial analysis to enhance threat detection.
-
Musk Takes Control Of US Treasury Payments Systems
Elon Musk's aides have taken control of the US Treasury Department's payments system -- which manages trillions of dollars of transactions each year -- sparking alarm among critics.
-
NPCI to Decline UPI Transactions That Contain Special Characters in the Transaction ID
The National Payments Corporation of India (NPCI) issued a new notification earlier this month announcing new compliance guidelines. The new rules are aimed at all the members of the Unified Payments Interface (UPI), and state that any transaction identifier (ID) that contains special characters will be declined starting February 1.
-
UPI Transaction IDs With These Characters Will Be Blocked From February 1 - Here's How To Avoid It
UPI Transaction IDs: The circular, dated January 9, advised UPI ecosystem players to generate UPI transaction IDs using only alphanumeric characters to ensure compliance with UPI technical specifications.
-
KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
-
BoA Chief Predicts Banks Will Go Bullish on Crypto Once Rules Are More Defined Under Trump
Brian Moynihan, the CEO of BoA, said in a CNBC interview Tuesday that once the crypto rules were more defined, virtual assets could be classified as real fintech tools that could be integrated into existing businesses.
-
Birla Institute of Management Technology Launches Bimcoin, a Blockchain-Based Campus Currency
BIMTECH has designed Bimcoin to facilitate secure and transparent transactions within the institute’s internal ecosystem for students, administrators, and vendors. Unlike conventional financial systems, Bimcoin leverages blockchain’s decentralised nature, ensuring transparency, and incorporating programmable features such as smart contracts, th...
-
To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits
The RBI on Friday asked banks to use only the '1600xx' phone numbering series to call customers for transactional purposes with a view to preventing financial fraud.
-
Circle Says USDC Crosses $18 Trillion Lifetime Transactions Milestone
Circle announced that the circulation of the USDC stablecoin clocked a year-on-year growth of 78 percent. In its report, Circle credited the growing regulatory clarity and improved scalability of new blockchains that have accelerated the adoption of USDC.
-
IIT Bhilai Unveils Anti-Fraud Device, Aiming To Secure UPI, E-Commerce, And Banking
Resembling a pen drive, the device acts as a secure dongle, ensuring no online transactions can occur without its connection and a password.
-
Meta Offers to Publish EBay Ads on Facebook Marketplace to Comply With EU Antitrust Order
Meta said on Wednesday it will launch a test in Germany, France and the US that will enable “buyers to browse listings from eBay directly on Facebook Marketplace while completing their transaction on eBay.”
-
Getty Images to Acquire Shutterstock to Create $3.7 Billion Firm
Getty Images Holdings Inc. agreed to acquire rival stock-photo provider Shutterstock Inc.. Getty Images offers to pay about $28.85 (roughly Rs. 2,476) in cash, or roughly 13.67 Getty Images shares for each Shutterstock share, according to a statement on Tuesday.
-
KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.
