AIG considers $1.5bn payment to settle suit
American International Group, one of the world's biggest insurers, could be preparing to pay one of the largest penalties to settle fraud charges. The insurance firm is r...
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Banks promise swifter payments system
The banking industry announced plans yesterday for a faster payment system enabling internet and telephone payments to be made on the same day. Before the end of 2007 peo...
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Nigeria's unfair payment to Britain
This year the UK government has been praised for putting Africa at the centre of the global agenda. It is therefore with dismay that we see that as a part of a debt cance...
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Brussels paves way for speedier cross-border payment system
European consumers will be able to make electronic payments anywhere in the EU within 36 hours under new laws proposed by the European commission and designed to save the...
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DTI plan fails to close loophole on payment of overseas bribes
The government is planning to keep open a loophole which allows British companies to pay bribes, despite having lost a court case brought by anti-corruption campaigners.
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Fathers 'could face tagging for maintenance non-payment
Absent fathers who fail to pay child maintenance could face quasi-criminal penalties including electronic tagging and being forced to surrender their passports, it was re...
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Q&A: Payment protection insurance
Yesterday the charity Citizens Advice made a supercomplaint to the Office of Fair Trading about payment protection insurance (PPI), a type of cover sold by many lenders a...
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Should a mistaken payment be returned?
Q My daughter has had ?960 credited to her account by her former employer, a large department store. This was in error, as my daughter no longer works for the store.
Sh...
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No 'backdoor payments' to the prince
It was misleading to suggest the Treasury is curbing the "prince's accounting fiddle" (Report, March 30). There was no accounting fiddle (simply a borrowing at a commerci...
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Criminals target online payment services
Paypal, the e-money service, has opened 6.3 million accounts in the UK on the back of the protection it offers to people making transactions online. One in every 10 peopl...
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