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The Reserve Bank of India has dropped Paytm Payments Bank from its list of scheduled banks following the cancellation of the company's banking licence. The move formalises the regulatory action taken earlier this year, which already barred the bank from accepting deposits and processing payments. Users and merchants are watching closely for how Paytm's services and UPI operations will be affected going forward.
- 2Pokémon Center begins taking payments for booster bundles and mini tins●It is happening! Pokémon center is taking the payments for the booster bundles and mini tins!!! Everything is going as w
The Pokémon Center in the UK has started charging customers for pre-orders of Pokémon TCG booster bundles and mini tins, signalling those orders are being processed and shipped as promised. Collectors and deal hunters are sharing the news, with many relieved that payments are finally going through after weeks of waiting and uncertainty around stock.
- 3No Surprises Act arbitration system may be raising healthcare costs▼No Surprises Act shielded patients from big medical bills. Now its arbitration system may be raising costs.
The No Surprises Act, a US federal law that protected patients from unexpected out-of-network medical bills, may be pushing up healthcare costs through its arbitration process. The system relies on final-offer arbitration to settle payment disputes between insurers and providers, and critics say providers are winning payments well above market rates, driving overall medical costs higher.
- 4New York City click-to-cancel rule takes effect●The Empire State strikes back. https://www. techspot.com/news/114074-new-y ork-city-click-cancel-rule-takes-effect.html
A new rule in New York City requiring businesses to make it as easy to cancel a subscription as it was to sign up has now come into force. The 'click-to-cancel' measure targets hidden fees and cumbersome cancellation processes that trap consumers in recurring payments. Commentators are welcoming the move as a consumer-protection win, with some calling it a model other states could follow.
- 5Tereina and Circle bring USDC and EURC into SAP enterprise workflows●Tereina And Circle Internet Group, Inc. Bring USDC And EURC Into Enterprise Workflows, Starting With The SAP Ecosystem Behind 84% Of Global Commerce
Tereina and Circle Internet Group announced a partnership to bring the USDC and EURC stablecoins into enterprise workflows, starting with the SAP ecosystem, which they describe as supporting 84% of global commerce. The deal aims to let businesses use regulated digital dollars and euros in settlement and payment processes within existing ERP systems, a notable step for mainstream corporate adoption of stablecoins.