Cross-border transfers over SWIFT’s global payments innovation (gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018, SWIFT announced on Tuesday (Feb. 11). The payments messaging firm also said it had over 3,900 gpi members and that...
Visa is teaming up with TD Bank to introduce a new solution to ease money transfers between Canadian and U.S. accounts, Visa announced Monday (Dec. 23). Powered by Visa Direct, the latest solution — TD Bank (US) to TD (Canada) Transfer — enables real-time transfers...
Western Union is expanding access to its global, real time account to account payments capabilities to FIs and digital wallet providers in 17 countries with plans to expand to 100 in the next 12 months. CEO, Hikmet Ersek, tells Karen Webster that opening its platform...
Bantotal, a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports. “The integration of Bitex into Bantotal program represents a major step in the breakthrough of...
September 23, 2019
Western Union is expanding access to its global, real time account to account payments capabilities to FIs and digital wallet providers in 17 countries with plans to expand to 100 in the next 12 months. CEO, Hikmet Ersek, tells Karen Webster that opening its platform will unlock new real-time C2C, B2C and B2B use cases in both developed and developing markets.
April 24, 2020
The Federal Reserve Board has eliminated its six-per-month limit on transfers and withdrawals from savings accounts as the nation continues to adapt to changes caused by COVID-19. “The interim final rule allows depository institutions immediately to suspend enforcement of the six transfer limit and to allow their customers to make an unlimited number of convenient […]
December 23, 2019
Visa is teaming up with TD Bank to introduce a new solution to ease money transfers between Canadian and U.S. accounts, Visa announced Monday (Dec. 23). Powered by Visa Direct,...
August 13, 2019
Bantotal, a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports....
April 12, 2017
Interac, the digital money company, announced Tuesday that its eTransfer service is being used by Canadian consumers and businesses at record levels. In a press release, the company said more...
