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

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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India Conglomerates Testing Crypto For B2B Payments
India Conglomerates Testing Crypto For B2B Payments
January 08, 2019  |  B2B Payments

Top corporates and banks in India are reportedly testing out the use of cryptocurrency to pay vendors and move money between subsidiaries, said the The...

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US Banks Shun Money Transmittal
US Banks Shun Money Transmittal
December 26, 2018  |  Banking

U.S. banks are keeping their distance from money transmitters sending cash to Mexico, as worries about money laundering and increased regulatory scrutiny ensue. According to...

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WhatsApp Explores Blockchain Tech For Money Transfers
WhatsApp Explores Blockchain Tech For Money Transfers
December 21, 2018  |  Cryptocurrency

In an effort to help WhatsApp users transfer money, Facebook is reportedly creating a digital currency. Unnamed sources told Bloomberg that the company is at...

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Vocalink: Freezing Mule Accounts With AML Tech
Vocalink: Freezing Mule Accounts With AML Tech
December 14, 2018  |  Security & Fraud

Whoa, mule. Pay.UK’s Faster Payments team said this week that it is deploying technology powered by Mastercard’s Vocalink, which uses machine learning and other advanced...

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Coinone Debuts Payment App Via Ripple Tech
Coinone Debuts Payment App Via Ripple Tech
December 11, 2018  |  Digital Payments

Coinone, a South Korean-based platform for cryptocurrency exchange, has released a blockchain-powered remittance app called Cross, according to a report. Cross uses Ripple’s blockchain network,...

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Western Union Completes Relocation Of Headquarters To Denver
Western Union Completes Relocation Of Headquarters To Denver
December 04, 2018  |  Banking

The Western Union Company announced on Tuesday (Dec. 4) that it has completed the relocation of its global headquarters from Englewood to Denver, Colorado, saying...

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EU’s Transfer Service Takes Aim At PayPal
EU’s Transfer Service Takes Aim At PayPal
November 30, 2018  |  International

The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other...

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Banks Steer Clear Of X-Border Transfers
Banks Steer Clear Of X-Border Transfers
November 16, 2018  |  International

Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause...

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