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

Western Union Looks to ’23 to Reverse Revenue Decline

Western Union Looks to ’23 to Reverse Revenue Decline
Western Union Looks to ’23 to Reverse Revenue Decline
October 20, 2022  |  Earnings

Despite expected third-quarter revenue declines and earnings guidance that falls short of Wall Street consensus, Western Union is delivering a financial outlook and strategy through...

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CFPB Accuses Choice Money Transfer of Violating Remittance Rules
CFPB Accuses Choice Money Transfer of Violating Remittance Rules
October 04, 2022  |  Regulation

The Consumer Financial Protection Bureau (CFPB) is taking action against Choice Money Transfer, accusing it of multiple violations of money transfer laws. Get the Full...

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DOJ Seeks to Double Jail Time for Money Transmission Crimes
DOJ Seeks to Double Jail Time for Money Transmission Crimes
September 20, 2022  |  Regulation

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Revolut Turns 7 with 20M Customers
Revolut Turns 7 with 20M Customers
July 14, 2022  |  Digital Payments

British FinTech Revolut is celebrating its seventh year as a company by hitting a milestone of 20 million customers, 250 million monthly transactions, and a...

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Western Union Reports Increasing Digital Transfer Revenue in Q1
Western Union Reports Increasing Digital Transfer Revenue in Q1
April 28, 2022  |  Earnings

The Western Union Company has released its first quarter reports, saying that the revenue had been impacted by less retail money transfer along with its...

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Banks Consider Adding Zelle to Retail Payments as Alternative to Mastercard, Visa
Banks Consider Adding Zelle to Retail Payments as Alternative to Mastercard, Visa
April 06, 2022  |  Consumer Payments

Zelle might be seeing more action from banks in the future, with some of them wanting to add the money-transfer service to the checkout at...

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FinTech Startup Plaid Unveils Payments Program
FinTech Startup Plaid Unveils Payments Program
October 21, 2021  |  Digital Payments

FinTech startup Plaid is planning to unveil a new payments program on Thursday (Oct. 21) that will facilitate digital payments funded by users’ bank accounts,...

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Western Union Improves Instant Payments Offering in Europe
Western Union Improves Instant Payments Offering in Europe
October 13, 2021  |  Faster Payments

Western Union, a global provider of cross-border and cross-currency payments, has bolstered its instant payment capabilities in Europe by joining the Single Euro Payments Area...

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Walmart: Money Transfers Have Saved More Than $2B
Walmart: Money Transfers Have Saved More Than $2B
October 05, 2021  |  Digital Payments

Walmart’s money transfer services have saved its customers more than $2.4 billion in fees since launching in 2014, the retail giant said on Tuesday (Oct....

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