November 20, 2012
MoneyGram Agrees To $100 Million Wire Fraud Settlement
MoneyGram International has agreed to pay a $100 settlement after the U.S. Department of Justice charged the company with processing transactions from known fraudsters. The scams tended to target the...
November 18, 2012
Mixed Week For Remittances As Payments Industry Continues To Decline
For the second straight week, the payments industry saw a small but consistent decline across nearly all of its subsections, as the value of the industry as a whole fell...
November 10, 2012
ACI Worldwide Soars, But Payments Industry Declines
ACI Worldwide saw its value skyrocket, but the payments industry in its entirety fell -1.23 percent in a down week on the stock market. Bolstered by Thursday’s third quarter report...
November 08, 2012
MoneyGram, Qtel Launch Mobile Money Transfer Service
MoneyGram has announced a new partnership with Qtel – Qatar’s main mobile operator, to provide a mobile money transfer service. Under the agreement, Qtel customers will be able to register...
November 06, 2012
Remittances Take Hit As Sandy Shortens Stock Market’s Week
Thanks to major power failures and nearby flooding, the U.S. Stock Market closed on Monday, October 29 and Tuesday, October 30. Those in remittances may wish it hadn’t reopened, as...
October 28, 2012
PayPal’s European Mobile Innovations
A partnership with Shopgate is the most recent of PayPal’s m-commerce projects. The joint venture will offer mobile commerce solutions for iPhone, iPad, Android and Windows phones. PayPal has also...
October 23, 2012
MoneyGram And PayPal Partner, Proving Cash Is Still Relevant
PayPal and MoneyGram have recently signed an agreement that will allow the online payments platform’s user to withdraw and deposit cash via MoneyGram – the global money transfer company. PayPal’s...
October 14, 2012
Payments Stocks Fall Across The Board
The payments industry experienced a down week across the board on the stock market, with every separate industry falling by at least -1.10 percent. Payments’ overall -1.38 percent drop was...
October 09, 2012
Amex, Walmart Launch Checking, Debit Alternative
A bird of a different feather? That’s what American Express and Walmart hope they have in Bluebird, a new alternative to traditional debit and checking accounts set to launch online...