Western Union RSS

Contracts, Daily news, Mobile Remittance, MoneyGram, Remittance, Western Union -

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

The post Western Union seeks deal to acquire MoneyGram appeared first on Payments Cards & Mobile.

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Contracts, Daily news, E-Money, Mobile Remittance, P2P, P2P remittances, Payments News, Remittance, Visa, Western Union -

Visa has announced a new strategic agreement with Western Union to implement Visa Direct, Visa’s real-time[1] 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.

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Daily News, global money transfer, Issuing & Acquiring, Mobile Remittance, Money Transfer, MoneyGram, Remittance, Western Union -

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.

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AML, AML fine, Daily News, Fraud & Security, Issuing & Acquiring, Mobile Remittance, money laundering, Regulation, Remittance, Risk & Compliance, Western Union -

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 [...]

The post Western Union settles $60 million AML probe appeared first on Payments Cards & Mobile.

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Apple Pay, Daily News, mobile app, mobile money transfer, Mobile Payments, Mobile Remittance, Mobile Wallet, Remittance, Western Union -

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.

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