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

In South Korea: Calls For Greater Bank, FinTech Collaboration
In South Korea: Calls For Greater Bank, FinTech Collaboration
February 26, 2019  |  B2B Payments

Bank and non-bank collaboration gets a boost in South Korea through an interbank payment network and sandbox. Elsewhere, individual FinTech company initiatives shine a spotlight on...

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Mastercard Foundation, Ripple Back Remittance Co SendFriend
Mastercard Foundation, Ripple Back Remittance Co SendFriend
February 12, 2019  |  Investments

Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and...

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Senders As Issuers: A New Space For Cards In Global P2P
Senders As Issuers: A New Space For Cards In Global P2P
February 06, 2019  |  Digital Payments

When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with...

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Lydia Enables Shared Sub-Accounts With Virtual Cards
Lydia Enables Shared Sub-Accounts With Virtual Cards
January 25, 2019  |  Mobile Applications

To help friends and roommates manage money, the French startup Lydia is letting users of its payment app share sub-accounts. They can also make a virtual...

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Sizzle Of The Week: Zelle’s Accelerating Growth
Sizzle Of The Week: Zelle’s Accelerating Growth
January 18, 2019  |  Sizzle/Fizzle

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank...

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TD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay
TD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay
January 15, 2019  |  Payment Methods

TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan. 15) that it now enables customers to instantly fund a brokerage account with Apple Pay...

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In Hungary, Instant Payments Gain Traction
In Hungary, Instant Payments Gain Traction
January 04, 2019  |  Payment Methods

The new year dawned with individual country and company initiatives tied to instant payments, and moving beyond cash transactions. To that end, Reuters reported on...

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Kuwait Bank Taps Ripple For International Network
Kuwait Bank Taps Ripple For International Network
December 28, 2018  |  B2B Payments

The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its international network, offering 24-hour wire transfers to Jordan, with more...

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FBI Warns Of ‘Money Mule’ Fraud
FBI Warns Of ‘Money Mule’ Fraud
December 27, 2018  |  Security & Fraud

The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United States. According to...

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