money transfers

Electronic funds transfer are electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

Source: en.wikipedia.org

Cross-Border Payment Efforts Look To Blockchain And Beyond
Cross-Border Payment Efforts Look To Blockchain And Beyond
April 03, 2019  |  B2B Payments

Banks and FinTechs have set their sights on cross-border payments, looking toward speeding up consumer and B2B payments while lowering costs. From Thailand to Canada,...

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Dollar General, Western Union Team Up To Expand Access To Money Transfers
Dollar General, Western Union Team Up To Expand Access To Money Transfers
April 02, 2019  |  Payment Methods

Dollar General and Western Union announced Tuesday (April 2) that customers can complete Western Union money transfers at more than 15,400 locations in the 44...

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WU Enables Mobile Wallet Transfers Via Thunes Partnership
WU Enables Mobile Wallet Transfers Via Thunes Partnership
March 21, 2019  |  B2B Payments

Western Union announced that it has teamed up with cross-border payments network Thunes to enable customers to send funds directly into mobile wallets around the world....

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EU Parliament Eyes New Rules On Cross-Border Payment Fees
EU Parliament Eyes New Rules On Cross-Border Payment Fees
February 21, 2019  |  B2B Payments

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone....

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JPMC Embraces Crypto For Real-Time Payments — Ripple Says It’s Not Worried
JPMC Embraces Crypto For Real-Time Payments — Ripple Says It’s Not Worried
February 15, 2019  |  Cryptocurrency

There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. “The currency isn’t...

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MoneyGram CEO: 2019 Is The ‘Year Of The Consumer’
MoneyGram CEO: 2019 Is The ‘Year Of The Consumer’
February 12, 2019  |  Earnings

Restructuring efforts continue at MoneyGram, and — amid a tougher compliance environment — the company missed Wall Street expectations as sales declined. However, bright spots...

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MoneyGram Works To Restructure Debt; Could Seek Buyer
MoneyGram Works To Restructure Debt; Could Seek Buyer
January 27, 2019  |  Digital Payments

MoneyGram International is looking at alternatives for the payments company including a sale, reported Reuters. Reuters, citing people familiar with the matter, reported MoneyGram is...

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Do Grocery Stores Need Bitcoin ATMs?
Do Grocery Stores Need Bitcoin ATMs?
January 25, 2019  |  Bitcoin

There are few familiar places in the regular life of a consumer other than the grocery store, and that familiarity can breed a type of...

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Singtel’s Dash Plans Remittance Service; KinerjaPay Notches $200M Investment
Singtel’s Dash Plans Remittance Service; KinerjaPay Notches $200M Investment
January 08, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Singtel’s Dash’s plans to introduce a remittance service to...

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