U.S. Bank First to Offer Mobile Money Transfer with Western Union September 18, 2013The new capability will allow customers to send money internationally through Western Union from the U.S. Bank mobile app. The Promise Of Payments August 29, 2013Technology has made banks more proficient at handling payments, but it also has enabled competitors and criminals. Can banks keep up in the emerging payments environment? Dodd-Frank 1073: New Opportunities for Banks August 06, 2013The amended version of the controversial Section 1073 of Dodd-Frank that can improve the remittance business for banks that get up to speed on compliance. MasterCard, Western Union Partner on International Payments June 20, 2013The service will be made available to small and medium-sized businesses.
New Study Finds Bankers Expect Big Challenges And Few Benefits From Dodd-Frank 1073 January 29, 2013Bankers believe Dodd-Frank 1073, which will regulate cross-border-payments and will be implemented this year, will have a negative impact on their payments business, according to a new survey. Earthport Updates International Payments Service in Line With Dodd-Frank 1073 August 17, 2012Earthport makes new additions to its cross border payments system to help banks comply with regulations announced lasts eek by the CFPB. CFPB's New Remittance Regulations Could Shake Up the International Payments Market August 09, 2012New CFPB disclosure rules for remittance providers could push smaller banks away from offering international remittances. Deutsche Bank Expands Remittance Offering with Addition of Four Key Markets October 26, 2010Deutsche Bank expands remittance offering with addition of Korea, Philippines, Poland, Turkey; strategic partnership with Itau Unibanco will expand offerings in Brazil. Amex Acquisition of Revolution Money Marks New Fight for Remittance Space November 19, 2009 Western Union Deal Part of Larger Strategy for Fifth Third July 21, 2009 Corporates Want More Remittance Information With Wires July 15, 2009 J.P. Morgan Sells National Retail Lockbox Business July 07, 2009 First Midwest to use BNYMellon’s Remit Worldwide Services May 20, 2009 Bank of Marin Adopts Metavante’s Outsourced Receivables Solution May 06, 2009RemitPoint centralized image-based remittance processing service allows the bank to actively market new lockbox services to its corporate customer base. ACH Transaction Volume Grew in 4th Quarter of 2008 February 11, 2009NACHA reports that ACH transaction volume increased in fourth quarter of 2008, withs strong growth for Internet payments. Bank of NY Mellon Adds SMS to Remit Worldwide Service February 09, 2009 KeyPoint Credit Union Chooses The Bank of New York Mellon For Remittance Services January 22, 2009 BancTec Will Provide Remittance Processing Services for Discover Financial Services December 18, 2008 BofNY Mellon Inks Remittance Deal with IBERIABANK November 17, 2008 SWIFT Targets $15 Billion a Year Lost Revenue Opportunity September 12, 2008Participants named in workers' remittances pilot; U.S. banks largely absent.