Digital Transfer news and trends

MoneyGram to Pay $8.25M Fine in NYDFS Settlement

March 16, 2022
Western Union’s Digital Money Transfer Business Now 24% of C2C Revenues
Earnings // February 10, 2022

Western Union posted fourth-quarter results that showed continued momentum in digital transactions, up double-digit percentages year over year. Consolidated top line for the period was $1.3 billion, up 2% year over year as measured on a constant currency basis. Economic headwinds persist, however. Fourth-quarter revenue...

Venmo Raises Rate For Instant Transfers
Faster Payments // October 14, 2018

Venmo, the digital payment unit of PayPal, has raised the fee for instant transfers when moving money from their account to a traditional bank account, according to reports. Reports citing an email Venmo sent to users late last week said the fee is going up to...

Quick Reads
MoneyGram to Pay $8.25M Fine in NYDFS Settlement

March 16, 2022
MoneyGram  announced Wednesday (March 16) that it has reached a final agreement to settle a legacy enforcement matter with the New York Department of Financial Services, a company release said, and will pay a penalty of $8.25 million. “We’re pleased that this legacy matter from many years ago is now behind us,” said Alex Holmes, […]

Venmo Raises Rate For Instant Transfers

October 14, 2018
Venmo, the digital payment unit of PayPal, has raised the fee for instant transfers when moving money from their account to a traditional bank account, according to reports. Reports citing an...