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Western Union is reported to have made an offer to acquire MoneyGram in a transaction that would bring together the two largest money-transfer service providers in the US. Western Union... more
Visa has announced a new strategic agreement with Western Union to implement Visa Direct, Visa’s real-time push payments platform in an effort to bring speed and transparency to the process... more
The post Money 2020: Visa and Western Union partner on global payments appeared first on Payments Cards & Mobile.
Its been a busy week in the world of global money transfer. Both of the biggest household names have had big news, but for one its was a big win... more
The post Good Day, Bad Day for money transfer giants Western Union and Moneygram appeared first on Payments Cards & Mobile.
Western Union is to pay $60 million AML fine to resolve allegations that it failed for more than a decade to maintain a program to deter and report transactions involving suspected criminal fraud and money laundering. The settlement with the New York Department of Financial Services (DFS) follows the money-transfer company’s agreement in January 2017 [...]
Western Union says that US customers using its mobile app can now pay with Apple Pay when sending money transfers originating in the US to more than 200 countries and territories worldwide, including domestic bill payments. The capability to pay with Apple Pay for sending money transfers through the Western Union app in the UK is planned for [...]
The post Apple Pay funding added to Western Union to enable mobile money transfer appeared first on Payments Cards & Mobile.