Fees On Real-Time Foreign Account Transfers Could Generate $1.1 Billion for Banks, Study Finds May 14, 2013New research from FIS shows that a number of consumers, particularly those that use foreign account transfers, would be willing to pay a fee to get their payments processed in real-time by their primary bank. U.S. Bank to Process Electronic Invoices for Order Express' International Money Transfers August 29, 2012U.S. Bank and Order Express have agreed on a new deal for the bank to process electronic invoices for the international payments provider. Domestic Transfers Reached $195 Billion Over Past Year August 09, 2012A new Javelin Strategy & Research Report examines the account-to-account and person-to-person transfer market.
Western Union Bolsters P2P Payments Operations July 19, 2012With its peer-to-peer electronic transfers business expanding online, Western Union is now partnering with banks around the world to send account based money transfers. U.S. Small Businesses Are Scammers’ New Targets August 27, 2009 Corporates Want More Remittance Information With Wires July 15, 2009 Fiserv Introduces Mobile Money FastTrack to Simplify Delivery of Mobile Banking Services June 01, 2009Fiserv introduces Mobile Money FastTrack to simplify delivery of mobile banking; streamlined version of flagship solution developed to help financial institutions more quickly offer mobile banking services. China Merchants Bank Joins CHIPS May 20, 2009 Visa and GSMA to Further Push Mobile Financial Services Advancements February 18, 2009 UMB Modernizes Data Transfer August 17, 2008UMB improves service, reduces risk and boosts governance with Proginet's file transfer solution. MasterCard to Enable P-to-P Mobile Payments by Cell Phone July 24, 2008With help from Obopay, MasterCard customers can now 'text' money to one another. Online Transfer Features Vary Greatly at Top Banks August 21, 2007Study finds that beyond basic functions, no standard exists for online account transfers. For Money Transfers, Going Solo Not the Best Route for Banks May 08, 2007Banks should partner with money transmitters, study says. Rollouts May 07, 2007First Tennessee Bank taps LogicaCMG payments solution Commerce Bank Deploys Fortent's AML System Fifth Third Implements SunGard's Kiodex UMB Deploys Oracle's Siebel Applications SunTrust Beefs Up Business Banking December 01, 2006SunTrust enhances online tool for small and midmarket. Corporates Want Standardized Remittance Data in Wire Transfers December 01, 2006Corporates want standardized remittance data. Does Money Need a Passport? May 04, 2005The New York Times recently featured a front-page story about how a working group within the U.S. Treasury has been considering the prospect of accessing banks' logs of international money transfers. Time to IIT: Inter-Institutional Transfers Catch On December 21, 2004The hows and whys of integrating Inter-Institutional Transfers (IITs) into online banking. Small Business Offerings Help Customers Manage Payroll and Tax October 12, 2004Most banks do not actively package or promote their online payroll and tax payment services, despite their importance to small businesses. Clearing and Settlement September 27, 2004Technology can be a powerful ally for banks looking to streamline their clearing and settlement processes and mitigate settlement risk. But to effectively compete in the global arena, financial institutions will have to adopt standards and work together.