Topics: remittances 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 First Midwest to use BNYMellon’s Remit Worldwide Services May 20, 2009 Bank of NY Mellon Adds SMS to Remit Worldwide Service February 09, 2009 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. For Money Transfers, Going Solo Not the Best Route for Banks May 08, 2007Banks should partner with money transmitters, study says. Banking for the Masses January 30, 2006