Research from Swedish fintech company Klarna reports as of November 2020, 30 per cent of shoppers had used a BNPL service, with young families with children the biggest category of shoppers. Speaking to news.com.au, Klarna’s Chief Expansion Officer, Camilla Giesecke says the shift from “credit to debit” is accelerating both in Australia and globally. She says this is part of the growing “debit economy” and increasing reluctance towards debt accumulation. “Consumers want payment methods that are clear and helpful, without hidden surprises or the possibility of building up large debt,” she says. “They want to use their own money but pay over time in a way that doesn’t involve loans nor financial risk.” RELATED: Aussies increasingly stressed: survey Buy-now-pay-later schemes work like store lay-by services, however shoppers receive their purchases before paying for them. Picture: iStock. Source:istock Data from Finder’s 2021 The Future of Credit Cards report … [Read more...] about How Australians are shopping without credit cards or loans
Lbc accepts credit card payment
Millions of middle and low income families across the country will start receiving monthly payments beginning in mid-July as part of the new, fully refundable child tax credit. The first payments will be made on July 15 and subsequent payments will continue to be made monthly through the end of the year, the Treasury Department and IRS announced on Monday. Roughly 39 million households will begin receiving automatic payments. That covers more than 65 million children, accounting for about 88% of all children in the U.S., according to the Biden administration. Eligible families will receive payments of up to $300 a month for every child under the age of 6 and up to $250 a month for every child ages 6 to 17. The automatic advanced payments were included as part of the American Rescue Plan passed in March to provide relief for Americans amid the coronavirus pandemic. The Biden administration said the legislation is projected to lift more than five million children out of poverty … [Read more...] about Increased monthly child tax credit payments to start in mid-July
It would take almost ten years for the world to recognise that, as the internet was evolving in the late 1990s, so was online payment fraud. Consequentially, credit card industry leaders developed a set of payment security standards. In December 2004, American Express, Discover Financial Services, JCB International, Mastercard, and Visa teamed up to introduce PCI DSS 1.0 . Fast forward to today, and card fraudsters and network hackers have to contend with advanced PCI DSS version 4.0 . Don't allow your business to become complacent, though. Even industry-leading POS systems are still at risk of a card data security breach, so it's best to use precaution and become PCI compliant. In late 2020, Forbes reported on two payment terminal manufacturing giants who unintentionally made hacking customer credit card data easier . These days an independent body—created by the founding members of PCI DSS, (namely, the PCI Security Standards Council (PCI SSC) )—manage and … [Read more...] about What is PCI compliance? A Payment Card Industry Data Security Standard (PCI DSS) guide
( CBS New York ) — Stimulus checks have helped families during COVID, especially those that lost income. The pandemic continues, as the Delta variant pushes case numbers up among the unvaccinated in many states. But life around the country is settling into a new normal, and economic conditions are generally improving. The rising economy isn’t lifting everyone, however. Some people’s finances have improved, while other people’s have not. Unemployment still exceeds pre-pandemic levels, even with jobs widely available in certain sectors. Many states have already discontinued the federal unemployment bonus. Meanwhile, the federal eviction moratorium ends this week, and millions of people are still short of food and behind on bills. As of July 15, the new Child Tax Credit is helping some families. Despite the available aid, a fourth stimulus check might better serve those still in need. Can Americans expect another payment in 2021? That question is still part of the national … [Read more...] about Fourth Stimulus Check: Will Another Another Relief Payment Come This Year?
UNIVERSAL Credit claimants are being urged to claim a discount on their council tax "straight away" to cut down their outgoings. Low income households on certain benefits are entitled to money off - in some cases up to 100% - the tax to ease the financial burden. Millions of families will see bills rise by up to 5% in April after the Treasury gave the green light for the tax hike in last year’s spending review. The price hikes could see over £100 a year added to payments. The Government advises those who may be entitled to a discount to claim it as soon as possible. A warning on Gov.uk says: "If you are claiming Universal Credit for the first time we would advise you to apply for Local Council Tax Reduction (LCTR) straight away, as many local authorities will not backdate it for you." How to check your council tax bill and whether it's gone up MANY local authorities hiked council tax bills in April - here's how to check if you're now paying more. … [Read more...] about Universal Credit claimants urged to claim council tax discounts ‘straight away’