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

MoneyGram Teams With Visa Direct, Checkout.com To Advance P2P Payments
MoneyGram Teams With Visa Direct, Checkout.com To Advance P2P Payments
January 22, 2021  |  Payment Methods

Global payments firm MoneyGram is advancing its Visa debit card deposit service across Europe in a partnership with Checkout.com and continued collaboration with Visa’s real-time...

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Walmart Teams With Western Union For In-Store Money Transfers
Walmart Teams With Western Union For In-Store Money Transfers
January 19, 2021  |  Partnerships / Acquisitions

Retail giant Walmart is partnering with global money movement leader Western Union to offer in-store payments and transfers. “Walmart is much more than a place...

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MoneyGram Backs Move To Strengthen US Anti-Money Laundering Laws
MoneyGram Backs Move To Strengthen US Anti-Money Laundering Laws
December 21, 2020  |  Security & Fraud

MoneyGram International is putting its muscle behind U.S. regulators’ proposal to tighten financial reporting required of financial institutions (FIs). The Wall Street Journal reported that...

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Walmart Mexico Eyes App Enhancement To Keep Money Transfers In-House
Walmart Mexico Eyes App Enhancement To Keep Money Transfers In-House
December 08, 2020  |  Retail

At a time when the pandemic has seen a massive shift toward digital commerce, the Mexican arm of Walmart – the world’s largest retailer –...

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Western Union Expands Real-Time Digital Payments To 100 Countries
Western Union Expands Real-Time Digital Payments To 100 Countries
November 23, 2020  |  Digital Payments

Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23)...

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PayPal Boosts Xoom’s Money Transfer Capabilities In US
PayPal Boosts Xoom’s Money Transfer Capabilities In US
November 19, 2020  |  Digital Payments

PayPal is upping its mobile payments game. PayPal on Thursday (Nov. 19) unveiled a major upgrade to Xoom, enabling customers across the United States to...

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MoneyGram Reports 111 Pct Online D2C Growth
MoneyGram Reports 111 Pct Online D2C Growth
October 30, 2020  |  Earnings

MoneyGram International Inc. reported on Friday (Oct. 30) as part of its earnings announcement that its online direct-to-consumer channel (MGO) saw 111 percent year-over-year transaction...

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Surge In Commercial Payments Pushes ACH Payments Volume Up 9 Pct In 3Q
Surge In Commercial Payments Pushes ACH Payments Volume Up 9 Pct In 3Q
October 27, 2020  |  Digital Payments

The ACH Network, the national clearinghouse for electronic funds transfers, saw a big jump in activity in the third quarter, even as government assistance payments...

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Western Union Expands Real-Time Payouts To Reach 80 Countries
Western Union Expands Real-Time Payouts To Reach 80 Countries
October 26, 2020  |  Cross-border Payments

In its ongoing efforts to beef up its international real-time payments network, Western Union has again expanded its payout options. The move was due in...

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