Online wire-transfer provider Xoom Inc. reported Monday that it will take a $30.8 million one-time charge as a result of a scam in which the same amount of its cash was transferred abroad. Xoom also said that its chief financial officer had resigned. San Francisco-based Xoom declared in a regulatory …

  Money-transfer provider MoneyGram International Inc. has launched MGiAlloy, a technology platform to enable greater use of alternative financial services. MGiAlloy, which can be used on kiosks, online, on mobile device or at points-of-sale, enables consumers to transfer money, pay bills, cash checks, reload prepaid cards and other services. Dallas-based MoneyGram …

While digital-money adoption holds great promise and has become a priority for governments globally, adoption is varied. To understand the drivers, enablers, and barriers to digital money, Citi and Imperial College London devised a digital-money readiness index Given the importance of money to society—coupled with the problems associated with transacting …

Bitcoin Shop Inc. runs an e-commerce marketplace offering about 140,000 products, which on the face of it isn’t all that remarkable. What sets the 1-year-old site apart, though, is that it accepts only digital currency. No cards or bank-account transfers, please, just Bitcoin, Dogecoin, and Litecoin. But Arlington, Va.-based Bitcoin …

Dwolla Inc. is in the next-day transfer business now. The alternative-payment network announced Thursday it is offering the service for withdrawals from Dwolla accounts to its users’ bank accounts. Relying on the automated clearing house system, the transfer service is an opportunity to use an existing network while Dwolla continues …

By Peter Lucas PayPal Inc. on Tuesday took more steps toward strengthening its in-store presence, and at the same time broadened the reach of its Bill Me Later lending service to consumers carrying private-label cards. Both arrangements are the result of an agreement with Alliance Data Systems Corp., a big …

  Prepaid card program manager Green Dot Corp. will take over direct issuance of the Walmart MoneyCard prepaid card from General Electric Co.’s GE Capital Retail Bank under a deal Green Dot announced on Monday. The acquisition continues Pasadena, Calif.-based Green Dot’s effort to consolidate issuance of the prepaid card …

  Fiserv Inc. on Wednesday announced it is adding a capability to its Popmoney person-to-person payment service that will let users send money within seconds to intended recipients. The new feature, called Popmoney Instant Payments, relies on debit-network clearing and comes as more and more processors are harnessing these networks …

A spate of cease-and-desist orders by the state of Illinois against unlicensed money transmitters has ensnared eight payments companies, including such prominent ones as Square Inc. and NetSpending Holdings Inc. An agency quietly issued orders against both firms in January that seemingly would prevent them from doing business in the …

Growing demand from financial institutions for more advanced mobile- banking features is prompting Brookfield, Wis.-based banking-solutions provider Fiserv Inc. to expand the breadth of services available through its Mobiliti mobile-banking platform. A key service will be person-to-person payments, a Fiserv executive says. Fiserv plans to make its Popmoney person-to-person payments …