money transferRSS

HooYu brings identity confirmation technology to BCRemit

HooYu and BCRemit team up

Better onboarding and fewer fraud incidents are the goals of online money transfer platform BCRemit. The UK-based company has partnered with identity confirmation specialist HooYu to help them reach both of those critical objectives.

Venmo tests physical debit card

When the app is not enough...

Venmo is planning to introduce a physical debit card to supplement its payments app.

MoneyGram board to further consider Euronet proposal

Euronet and Ant Financial sweet on MoneyGram

Money transfer giant MoneyGram can give further consideration to Euronet’s surprise bid to acquire the company from under the nose of Ant Financial.

Western Union to pay $586m fine for money transfer fraud

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Western Union has admitted turning a blind eye as criminals used its money transfer services to launder money and commit fraud. It has agreed to pay a $586 million fine to the US authorities.

Azimo “industry first” to enable money transfers via Facebook Messenger

Azimo Facebook Messenger

Azimo says it has become the first money transfer operator to enable money transfers worldwide via Facebook Messenger. “Money transfer is now social,” Azimo states. It describes its new functionality as “revolutionary”. It connects senders and receivers through their Facebook friend list, enabling them to exchange details immediately and links them to the Azimo app […]

Foreign money transmitters face state-by-state regs in the US

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Some European money transmitter companies are learning what insurance carriers from outside the US. learned years ago — the country is a nightmare of financial regulations that can differ sharply from state to state. And European companies that are doing business in individual states probably need a license from that state.

PayPal partners with MoneyGram for cash withdrawal

Customers of PayPal in the US will now be able to withdraw funds via MoneyGram

PayPal users can withdraw money from their accounts and pick up the funds via money transfer company MoneyGram, following a deal between the two US firms that also will see PayPal customers loading funds into their accounts via MoneyGram by the end of the year.

Western Union debuts Nigerian mobile money transfer

Western Union has partnered with eTranzact to launch mobile money in Nigeria (pictured)

Western Union has launched a mobile money service in Nigeria, which it says will help boost financial inclusion and provide new methods of money transfer for people sending and receiving money to Africa.

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