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

Visa Adds Real-Time Money Movement to FinTech Fast Track
Visa Adds Real-Time Money Movement to FinTech Fast Track
December 18, 2023  |  Payment Methods

Visa is letting members of its FinTech Fast Track program join its Visa Direct platform. The move expands the program beyond card issuance and gives members access to...

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ZilBank Streamlines Opening US Accounts for Mexican Companies
ZilBank Streamlines Opening US Accounts for Mexican Companies
December 07, 2023  |  Cross Border Commerce

B2B banking platform ZilBank has launched a new feature that makes it easier for Mexican businesses, entrepreneurs and freelancers to pay U.S. vendors, affiliates, employees...

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Paysend and Western Union Partner on Cross-Border Money Transfer Services
Paysend and Western Union Partner on Cross-Border Money Transfer Services
October 30, 2023  |  Cross-border Payments

Paysend, a card-to-card and international payments platform, and Western Union, a provider of cross-border money movement and payment services, have partnered on cross-border money transfer services....

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Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
October 17, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed...

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Swift and Wise Team to Offer FIs More Cross-Border Options
Swift and Wise Team to Offer FIs More Cross-Border Options
September 18, 2023  |  Partnerships

Money transfer firm Wise and global messaging platform Swift have launched a cross-border payment partnership. The collaboration, announced Monday (Sept. 18), is designed to provide financial institutions and their customers with...

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Ripple Optimistic About US Banks Adopting XRP
Ripple Optimistic About US Banks Adopting XRP
July 17, 2023  |  Cryptocurrency

Ripple is reportedly optimistic about the prospect of financial institutions being interested in using its On-Demand Liquidity (ODL) product, which utilizes XRP for money transfers, in...

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Western Union Turns to MFS to Expand Global Money Transfers
Western Union Turns to MFS to Expand Global Money Transfers
March 05, 2023  |  Mobile Payments

Western Union has teamed with MFS Africa to allow mobile money transfers across the continent. The partnership will allow Western Union users in 200 countries...

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FinTechs Struggle to Retain Consumer Trust in Africa
FinTechs Struggle to Retain Consumer Trust in Africa
February 24, 2023  |  Banking

There is no denying that trust plays an important role when it comes to payments transactions. And according to Isaac Kamuta, it’s one of the...

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Paysend and Purpl Partner on Money Transfers to Lebanon
Paysend and Purpl Partner on Money Transfers to Lebanon
February 13, 2023  |  Partnerships

Paysend has partnered with Purpl to enable money transfers to Lebanon. The partnership brings together Paysend’s integrated global payments ecosystem and Purpl’s remittance and cash...

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