money transfer

Money Transfers 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: businessdictionary.com

Money Transfer Firm Instant Cash Receives License From UAE Central Bank

Money Transfer Firm Instant Cash Receives License From UAE Central Bank
Money Transfer Firm Instant Cash Receives License From UAE Central Bank
May 25, 2023  |  Mobile Payments

Instant Cash has received a license from the Central Bank of the United Arab Emirates (CBUAE). With this Retail Payment Services and Card Scheme Regulation...

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Rising P2P Payments Driving Demand for More Seamless Money Movement Options
Rising P2P Payments Driving Demand for More Seamless Money Movement Options
April 11, 2023  |  Payment Methods

Call it peer-to-peer or person-to-person, but P2P is taking on new significance in a troubled economy where splitting the restaurant bill or lending your friend...

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Paysera and Ria Team to Help Unbanked Consumers
Paysera and Ria Team to Help Unbanked Consumers
March 12, 2023  |  Financial Inclusion

Paysera has teamed with Ria Money Transfer to help unbanked customers send and receive money. The partnership, announced Friday (March 10), lets clients send money...

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Western Union and Regions Bank Extend Global Money Transfer Partnership
Western Union and Regions Bank Extend Global Money Transfer Partnership
February 22, 2023  |  Payment Methods

Western Union has decided to continue its 12-year-old partnership with Regions Bank. The two companies announced a five-year extension to their agreement Wednesday (Feb. 22), allowing consumers to use...

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Western Union Appoints Matt Cagwin CFO at ‘Pivotal Inflection Point’
Western Union Appoints Matt Cagwin CFO at ‘Pivotal Inflection Point’
January 25, 2023  |  Personnel

Western Union has appointed interim Chief Financial Officer Matt Cagwin as CFO. Cagwin had served as the cross-border money transfer firm’s interim CFO since September...

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UK Watchdog Warns of Price Fixing Among Money Transfer Firms
UK Watchdog Warns of Price Fixing Among Money Transfer Firms
January 25, 2023  |  Legal & Regulation

The U.K.’s consumer watchdog has accused three money transfer firms of price fixing. The Financial Conduct Authority (FCA) alleged in a Wednesday (Jan. 25) news release that Dollar East, Hafiz Bros...

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Consumer Financial Protection Bureau: UniTeller Failed to Refund Users
Consumer Financial Protection Bureau: UniTeller Failed to Refund Users
December 22, 2022  |  Legal & Regulation

The Consumer Financial Protection Bureau says money transfer service UniTeller failed to provide customer refunds. The CFPB has ordered the New Jersey-based company to refund...

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International Money Transfer Firm Wise Launches New Savings Product
International Money Transfer Firm Wise Launches New Savings Product
December 15, 2022  |  Europe

International money transfer company Wise has launched a new savings product. Launched in the U.K. on Thursday (Dec. 15), the new “Interest” product lets Wise...

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