Western Union, MoneyGram, and Ria have ruled the money-transfer landscape for decades. Now they are challenged by a slew of digital-first upstarts. Does the old guard have what it takes to stay ahead of the competition? From mobile wallets and person-to-person payments to cryptocurrencies and blockchain ledgers, digital disrupters are …

Across the world, governments are cracking down on immigration. Cross-border payments, however, continue to grow with the global economy. Will blockchain be next? President Donald Trump has made cracking down on both illegal and legal immigration to the United States a showpiece, though controversial, policy of his administration. European countries, …

Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …

Now that the massive regulation is in force, there’s no time to waste on getting compliant, says Greg Sparrow. The General Data Protection Regulation (GDPR) has raised a number of questions for U.S. businesses since its inception on April 27, 2016. After the bill was passed, it was allotted a …

In the latest example of the growing market for cross-border payments using blockchain technology, American Express Co. announced Thursday that business customers of its FX International Payments (FXIP) service can now use Ripple Labs Inc.’s blockchain-based RippleNet network for payments between the United States and the United Kingdom. The two …

Despite obstacles, payment processors and fintechs increasingly are looking at cross-border e-commerce for high-growth opportunities. Go global. That’s the credo an increasing number of payment processors and financial-technology firms subscribe to as technology transforms cross-border commerce from yesterday’s luxury into an attainable option for consumers today. Researcher Talie Baker, a …

Ripple Labs announced the rollout of a real-time remittance service between Thailand and Japan, based on Ripple’s blockchain. The rollout follows what was said to be the first blockchain-based commercial money transfer across borders, which occurred in April between Spain and Mexico and involved Ripple’s technology. CryptoCoin Creations released its CryptoCoinTracker 2.1, an …

Canadian payment processor Beanstream says its U.S. foray is hoping to tap into its parent company’s international reach as Beanstream USA targets software developers and integrators. Beanstream’s U.S. effort—announced earlier this month—is meant to get a piece of the independent software vendor and value-added reseller market that so many payments …

As Visa Inc. moves into the post Durbin-era, the debit card market leader plans to offer a fixed network participation fee and reduce its variable processing fee for Visa debit products in the United States. Executives expect the new fee structure will make Visa a more viable alternative to competing …

  Endpoint A few smaller banks get it, and have issued EMV cards to their customers who travel abroad. But most bigger banks are still on the sidelines. We’re still stuck with the mag stripe and all of its attendant problems because the big banks have too great a stake …