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

Coinone Debuts Payment App Via Ripple Tech

Coinone Debuts Payment App Via Ripple Tech
Coinone Debuts Payment App Via Ripple Tech
December 11, 2018  |  Digital Payments

Coinone, a South Korean-based platform for cryptocurrency exchange, has released a blockchain-powered remittance app called Cross, according to a report. Get the Full Story Complete...

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Western Union Completes Relocation Of Headquarters To Denver
Western Union Completes Relocation Of Headquarters To Denver
December 04, 2018  |  Banking

The Western Union Company announced on Tuesday (Dec. 4) that it has completed the relocation of its global headquarters from Englewood to Denver, Colorado, saying...

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EU’s Transfer Service Takes Aim At PayPal
EU’s Transfer Service Takes Aim At PayPal
November 30, 2018  |  Cross-border Payments

The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other...

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Banks Steer Clear Of X-Border Transfers
Banks Steer Clear Of X-Border Transfers
November 16, 2018  |  Cross-border Payments

Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause...

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Western Union Teams With HKT Payment Limited, Maybank Brings QR Payments To KFC Malyasia
Western Union Teams With HKT Payment Limited, Maybank Brings QR Payments To KFC Malyasia
November 13, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes The Western Union Company’s tie-up with Hong Kong’s HKT Payment...

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PayPal Shares Jump On Positive Venmo, Earnings News
PayPal Shares Jump On Positive Venmo, Earnings News
October 19, 2018  |  Payments Innovation

Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on Friday (Oct. 19)....

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SoftBank Builds Blockchain Mobile Payments Proof Of Concept
SoftBank Builds Blockchain Mobile Payments Proof Of Concept
September 13, 2018  |  Mobile Payments

Japanese telecom carrier SoftBank has announced a partnership with Synchronoss and TBCASoft on a Proof of Concept (PoC) for a new cross-carrier mobile payments service. The service...

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PayPal’s Funds Now Gives SMBs Instant Access To Sales
PayPal’s Funds Now Gives SMBs Instant Access To Sales
September 11, 2018  |  SMBs

When it comes to running a small business that accepts electronic payments, there are two words that business owners don’t like to hear from their...

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