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Digital Services Help Buoy MoneyGram As the Remittance Provider Logs a Tough Quarter
The Covid-19 pandemic has driven consumers and businesses to digital alternatives for payments, and money transfers are proving to be no exception. MoneyGram International Inc. reported Friday morning transactions online and through its app grew 106% year-over-year and accounted for 27% of all transactions in the June quarter, up from …
Read More »Mastercard’s Banga Bowing Out; PayRange’s Unattended Payments Quest; MoneyGram Volume Up
MoneyGram Volume Up and other Digital Transactions News briefs from 2/25/20
Wire-transfer provider MoneyGram International Inc. said transaction volume from its MoneyGram Online service grew 39% year-over-year in the fourth quarter; the company reported a net loss of $11.9 million compared with a loss of $12.5 million in 2018’s fourth quarter.Former Fit Pay Inc. shareholders are suing Garmin International, alleging the company, known for its …
Read More »Brink’s Invests in MoneyGram; Nacha Creating Phixius Service; Plus Weekly Recap
Brink’s Makes a Significant Investment in MoneyGram
MoneyGram International Inc. is proving adept at attracting diverse investors. Cash-management provider The Brink’s Co. announced Thursday that it has invested $9 million in MoneyGram stock for a 4.95% stake in the company. The Brink’s investment comes in the wake of the $50 million Ripple Labs Inc., developer of the …
Read More »‘Fill ‘er Up, Alexa’ Coming; Bitcoin’s Volatile Year; MoneyGram Notes Growth
MoneyGram Notes Growth and other Digital Transactions News briefs from 1/6/20
MoneyGram International Inc. announced online transactions grew more than 70% year-over-year between Dec. 1 and Dec. 25, a record growth rate for that period. The money-transfer provider, which did not report the actual transaction volume, said 80% of the transactions were initiated on a mobile device.PayPal Holdings Inc. has closed on its …
Read More »New PCI Contactless Spec Released; MoneyGram Takes Visa Direct Overseas; X9 To Reboot PKI
MoneyGram’s Launch of Visa Direct Overseas Spotlights Visa’s Strategy for Cross-Border Payments
Visa Inc. is working fast to expand its foothold in cross-border remittances, a relatively new market for the card network. On Wednesday, MoneyGram International Inc. announced it is the first remittance service to allow international transfers that rely on Visa Direct, a push-payment service that enables real-time transfers to holders …
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