remittances

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 to Settle CFPB Allegations of Issues Around Advertisements and Disclosures
Wise to Settle CFPB Allegations of Issues Around Advertisements and Disclosures
January 30, 2025  |  Legal & Regulation

International remittance company Wise and the Consumer Financial Protection Bureau (CFPB) reached an agreement to settle the regulator’s allegations that the company advertised inaccurate fees and failed...

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Mastercard Sees Growth in Tokenization and Commercial Payments
Mastercard Sees Growth in Tokenization and Commercial Payments
January 30, 2025  |  Earnings

Mastercard’s fourth-quarter earnings results showed that consumers still rely on their cards for everyday spending — and beyond the resilient consumer, tens of trillions of...

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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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Four Trends That Show the Future of Cross-Border Payments
Four Trends That Show the Future of Cross-Border Payments
December 31, 2024  |  Cross-border Payments

The global economy is an intricate web of transactions, and cross-border payments serve as its financial backbone. For much of its history, that backbone has...

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Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
December 06, 2024  |  Payment Methods

With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted...

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Compliance Divides Stablecoin Market: Why CFOs and Treasury Teams Should Care
Compliance Divides Stablecoin Market: Why CFOs and Treasury Teams Should Care
December 03, 2024  |  Blockchain

Regulatory clarity sits at the center of the convergence of crypto and traditional finance. And, from the point of view of payments professionals, CFOs and...

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Mastercard: Building Trust Into the Blockchain Unlocks Its Cross-Border Potential
Mastercard: Building Trust Into the Blockchain Unlocks Its Cross-Border Potential
November 08, 2024  |  Blockchain

Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking...

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What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
November 06, 2024  |  Legal & Regulation

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the...

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