money transfer

Money Transfers 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: businessdictionary.com

Fortumo Rolls Out Direct Carrier Billing In Sweden; MySQUAR Launches Remittance Service
Fortumo Rolls Out Direct Carrier Billing In Sweden; MySQUAR Launches Remittance Service
August 16, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Fortumo’s rollout of direct carrier billing in Sweden. In...

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Venmo Critics Cite Ongoing Privacy Concerns
Venmo Critics Cite Ongoing Privacy Concerns
August 08, 2018  |  Mobile Payments

As PayPal tries to turn Venmo into a mainstream payments app, there are concerns over consumer privacy. Venmo users link their bank accounts or credit...

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Lloyds, Halifax Hit By Fund Transfer Outage In UK
Lloyds, Halifax Hit By Fund Transfer Outage In UK
July 20, 2018  |  Digital Banking

Lloyds Banking Group was hit by a computer outage that left customers unable to conduct fund transfers for several hours, according to officials. The outage...

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Walmart Redefines The Paycheck
Walmart Redefines The Paycheck
July 20, 2018  |  Alternative Finances

When people talk about the plight of living paycheck to paycheck, Even Responsible Finance CEO Jon Schlossberg told Karen Webster in a recent conversation, they...

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Users Of Digital Payment Services Have Difficulty Recovering Mistakes
Users Of Digital Payment Services Have Difficulty Recovering Mistakes
July 13, 2018  |  Security & Fraud

Digital peer-to-peer payment services like Venmo are growing in popularity, but according to a report in The Wall Street Journal, consumers who make faulty payments...

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Amid New Google Pay Features, Users Can Split The Bill
Amid New Google Pay Features, Users Can Split The Bill
July 10, 2018  |  Mobile Payments

Google Pay is rolling out new features that, among other things, let users send and request money, through the merging of the Google Pay and...

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Saxo Bank Breaks Away From Banking Circle
Saxo Bank Breaks Away From Banking Circle
July 10, 2018  |  B2B Payments

Saxo Bank has divested its global B2B payments solution Banking Circle, according to a Monday (July 9) press release. Investment firm EQT, through EQT VIII...

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Western Union Customers Have New Way To Send Money
Western Union Customers Have New Way To Send Money
July 06, 2018  |  International

Western Union announced Thursday (July 5) that it has inked a deal with Post Bank, one of Russia’s largest banks, to enable customers to use...

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‘Robin Hood’ Money Transfer Tax Threatens Kenyan Financial Services
‘Robin Hood’ Money Transfer Tax Threatens Kenyan Financial Services
June 25, 2018  |  International

Kenyan bankers and fund managers have warned a proposed “Robin Hood” tax on many transactions will threaten the future of the country’s economy. According to...

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