Ant Financial Services Group issued its first comments late Tuesday on Euronet Worldwide Inc.’s surprise $1 billion bid earlier in the day for MoneyGram International Inc., the wire-transfer provider for which Ant Financial bid $880 million in January. “Ant Financial remains highly committed to the consummation of our merger with …

By John Stewart @DTPaymentNews Ever since Ant Financial Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s …

The company behind the rapidly growing Alipay mobile-payment service is acquiring the second-largest U.S. based money-transfer company. China-based Ant Financial Services Group’s deal to buy Dallas-based MoneyGram International Inc. for $880 million in cash will likely close some time in the second half of the year , according to an …

• For its second quarter ended June 30, MoneyGram International Inc. reported transactions on its digital money transfer service grew 9% and accounted for 15% of all money-transfer transactions handled by the company. Revenue for the service increased 17% and accounted for 13% of overall money-transfer revenue. • Because of …

Dallas-based MoneyGram International Inc. posted a mixed set of financial results for all of 2015 and for the fourth quarter as it looks to continued growth in its online business. The money-transfer specialist also said Thursday it has settled for $13 million a legal inquiry into its fraud-prevention measures. For …

By Jim Daly Wire-transfer market leader The Western Union Co. issued a brief statement early Wednesday afternoon saying reports that it is in early talks to buy rival MoneyGram International Inc. “are not accurate.” The statement appeared to quickly deflate the two companies’ stock prices, especially MoneyGram’s, which had soared …

By Jim Daly Leading wire-transfer providers The Western Union Co. and MoneyGram International Inc. both reported big growth in their online businesses in the first quarter while merchant acquirer Heartland Payment Systems Inc. posted strong increases in charge volume. • They’re still a small portion of its overall business, but …

  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 …

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 …

Visa Inc. will quintuple the size of its Visa ReadyLink prepaid card reload network when the big money-transfer firm MoneyGram International Inc. enables its 40,000 U.S. locations to add funds to prepaid cards under a deal Visa announced Tuesday. The MoneyGram locations will make Visa's reload network nearly as big …