Tag Archives: payments

The Internal Revenue Service is distributing a second batch of stimulus payments with direct deposits expected to hit bank accounts as late as Wednesday. More than 90 million stimulus payments were sent last week in the first batch. “Today marks the second batch of payments, with additional payments anticipated on a weekly basis going forward,” the Treasury Department said in a press release on Monday. “The vast majority of taxpayers receiving EIPs will receive it by direct deposit.” Direct… Source link

TIME Magazine plans to lean into surging demand for digital currency and art, currently two of the hottest trends in the global economy.  As cryptocurrencies and non-fungible tokens (NFTs) continue to explode in interest and value, TIME has designed its first-ever cover exclusively as an NFT, featuring the bold title “Is Fiat Dead?” It’s a nod to one of its most iconic cover designs from the April 8, 1966 “Is God Dead?” and April 3, 2017 “Is Truth Dead?” editions — and an acknowledgement… Source link

The new Google Pixelnook Go laptop is on display during a Google product launch event called Made by Google 19 on October 15, 2019 in New York City. Johannes Eisele | AFP | Getty Images Caesar Sengupta, an executive who has led several projects inside Google, including payments and ChromeOS, said Monday he’s leaving the company after 15 years. “I remain very positive about Google’s future but it’s time for me to see if I can ride without training wheels,” Sengupta wrote in a LinkedIn post… Source link

FILE PHOTO: Caesar Sengupta, Google’s General Manager of Payments and Vice President leading the Next Billion Users (NBU) initiative, poses for a picture after an interview with Reuters in New Delhi, India, August 28, 2018. REUTERS/Adnan Abidi (Reuters) – Senior Google executive Caesar Sengupta, head of the tech giant’s payment initiatives, said on Monday he was leaving the company next month, after 15 years. “I remain very positive about Google’s future but it’s time for me to see if… Source link

The Daily Beast Cold-Case Cops Find New Murder Victim in Ohio Suspect’s Shed Multnomah County Sheriff DepartmentDNA evidence found in a mysterious disappearance and presumed death case in 1999 has been identified as that of a metal worker who had a cut-up corpse in his Portland, Oregon, shed.Police arrested Christopher Lovrien, 53, last May after private genealogy firm Bode Technology matched his DNA to that found in the home of Mark Dribin, who disappeared in 1999. Dribin’s body has never… Source link

The House of Representatives passed President Biden’s $1.9 trillion stimulus plan on March 10. The legislation, called the American Rescue Plan, will head to the president’s desk for his signature on Friday in a final step before becoming law. While most Americans are focused on getting their $1,400 stimulus checks, it’s the extension of the child tax credit in the relief legislation that really stands out as revolutionary policy, according to Pamela Stone, professor of sociology at… Source link

Bloomberg Asia Hedge Funds Pare Bets on Green Energy After 2020 Surge (Bloomberg) — Asia hedge funds that rode a green investing wave for double-digit returns last year are starting to reduce bets on the sector given the lofty valuations.Apeiron Capital has cut Tesla Inc. to a small position after the electric vehicle maker’s eight-fold surge sparked a 98% return for the $400 million hedge fund in 2020, said founder Yao Wanyi. York Capital Management also trimmed investments in electric… Source link

Bloomberg Fed Dials Up Pressure on Wall Street to Ditch Discredited Libor (Bloomberg) — The Federal Reserve is intensifying its scrutiny of banks’ efforts to shed their reliance on the London interbank offered rate, and has begun compiling more detailed evidence on their progress, according to multiple people with knowledge of the matter.Banks are being asked for specifics on their Libor exposure, their plans for amending contracts tied to the benchmark, and the fallback provisions being… Source link

The federal payment pause on student loans has given some debtors breathing room. But a new survey shows how borrowers have taken advantage of the pause to target their loans. In January, the Biden administration extended the interest-free payment pause on federal student loans to at least Sept. 30, 2021. While student loan borrowers don’t technically need to repay their debt as the government continues to make the payments on their behalf, some have used the opportunity to drill down on… Source link

Alphabet Inc.’s Google is trying to draw more people to its payment app and keep them there longer with features such as a reward system, new financial management services and a format for listing payments that evokes text-message conversations. The Google Pay app will eventually offer Plex, mobile checking and savings accounts being introduced by Google in partnership with 11 banks and credit unions. “It positions the mobile app and Google Pay to solve for… Source link