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

Wise Third-Party Software Glitch Leads to 4,000 Incorrect Tax Statements

Wise Third-Party Software Glitch Leads to 4,000 Incorrect Tax Statements
Wise Third-Party Software Glitch Leads to 4,000 Incorrect Tax Statements
October 08, 2026  |  Taxes

Wise is reportedly negotiating a settlement after a software glitch affected thousands of customers’ tax statements. The money transfer app this week contacted roughly 4,000...

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Western Union Launches Money Transfer Partnership With Chipper Cash
Western Union Launches Money Transfer Partnership With Chipper Cash
July 30, 2025  |  Partnerships

Western Union is joining forces with two African FinTechs to provide international money transfer services. The collaboration, announced Wednesday (July 30), will see Western Union work...

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MoneyGram Settles New York Lawsuit Alleging Slow Money Transfers
MoneyGram Settles New York Lawsuit Alleging Slow Money Transfers
June 16, 2025  |  Legal & Regulation

MoneyGram will pay a penalty of $250,000 as part of a settlement with the New York State Office of the Attorney General (OAG), resolving a three-year-old...

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Uber Considers Using Stablecoins for Cross-Border Money Transfers
Uber Considers Using Stablecoins for Cross-Border Money Transfers
June 05, 2025  |  Cryptocurrency

Uber Technologies is reportedly considering using stablecoins to transfer money among different countries. Stablecoins are appealing to global companies because they can help reduce the...

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PayPal Launches X-Border Payment Collaboration With TerraPay
PayPal Launches X-Border Payment Collaboration With TerraPay
April 15, 2025  |  Partnerships

PayPal and TerraPay are teaming to promote cross-border payments in the Middle East and Africa (MENA). The partnership, announced Tuesday (April 15), is designed to speed cross-border money movement, while...

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Mastercard Teams With Jack Henry to Speed Money Transfers
Mastercard Teams With Jack Henry to Speed Money Transfers
March 17, 2025  |  Partnerships

Mastercard has begun offering its money transfer solutions through Jack Henry’s Rapid Transfers service. The partnership, announced Monday (March 17) is designed to allow for “near-real time” money movement...

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Western Union’s New Media Network Drives Fourth-Quarter Revenue Growth
Western Union’s New Media Network Drives Fourth-Quarter Revenue Growth
February 04, 2025  |  Earnings

Western Union’s new media network business contributed to 56% revenue growth for its Consumer Services segment in the fourth quarter. The provider of cross-border, cross-currency...

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Wise Launches In Mexico to Tap $28 Billion Remittance Market
Wise Launches In Mexico to Tap $28 Billion Remittance Market
January 30, 2025  |  Cross-border Payments

Cross-border payments provider Wise is continuing its Latin American expansion by launching in Mexico. The London-based company announced in a news release Thursday (Jan. 30) that users will now...

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