remittances

CFPB’s Next Target Is Cross-Border Payments
CFPB’s Next Target Is Cross-Border Payments
January 16, 2023  |  CFPB

America’s top consumer watchdog is reportedly looking to strengthen its rules for overseas money transfers. The Consumer Financial Protection Bureau (CFPB) is considering new restrictions...

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PayPal’s Xoom Teams With Visa on X-Border P2P
PayPal’s Xoom Teams With Visa on X-Border P2P
January 12, 2023  |  Payment Methods

Xoom now lets U.S. customers send money to eligible Visa debit cards in 25 countries. The new service meets consumers’ growing demand for quick, easy...

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India’s UPI Paves Path for Global, Interoperable Real-Time Remittance Network
India’s UPI Paves Path for Global, Interoperable Real-Time Remittance Network
January 11, 2023  |  Cross-border Payments

India is paving the path to payments interoperability — not just across providers, but across borders. For payments to become truly ubiquitous — especially real-time...

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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  |  CFPB

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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Global Money Transfer Business Requires Ongoing Reinvention Amid Rising Competition
Global Money Transfer Business Requires Ongoing Reinvention Amid Rising Competition
December 14, 2022  |  Cross-border Payments

While digitization has transformed the global remittance market, it is far from a one-dimensional process. After all, any money transfer service aiming for global coverage...

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Moving Freight Payments at Digital Speed Starts With Data
Moving Freight Payments at Digital Speed Starts With Data
December 13, 2022  |  B2B Payments

Freight and shipping have been through the wringer after supply chain snags. Routable CEO Omri Mor and Flexport Chief Financial Officer Kenny Wagers told Karen...

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Virtual Cards and Super Apps’ Big Future in B2B Payments
Virtual Cards and Super Apps’ Big Future in B2B Payments
December 02, 2022  |  B2B Payments

With an increasing number of businesses going digital, virtual cards are fast becoming the preferred method of payments in various markets across the world, thanks...

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Open-Loop P2P Networks Give Issuers Alternatives to Status Quo
Open-Loop P2P Networks Give Issuers Alternatives to Status Quo
November 21, 2022  |  Money Mobility

Despite substantial advances in digital solutions, consumers still use cards and automated clearing house (ACH) transfers for nearly all their non-cash payments. These are closed-loop...

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Pomelo Taps Galileo to Power Global Credit Remittances for Families
Pomelo Taps Galileo to Power Global Credit Remittances for Families
November 20, 2022  |  Global Payments

Galileo Financial Technologies has teamed with money transfer company Pomelo to add its API-enabled technology to the Pomelo card. The company said in a news...

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