Payments News

On The Web

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Rakuten Refiles With FDIC for ILC Charter

“Two months after Rakuten withdrew its bid for a banking charter in the United States, the Japanese e-commerce giant has resubmitted its application to the Federal Deposit Insurance Corp. Rakuten, which operates in the U.S. as a shopper rewards program and has built an online banking and credit card empire in Asia, revised its application […]
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Western Union Makes an Offer to Buy MoneyGram

“Western Union Co. is seeking to acquire MoneyGram International Inc. in a transaction that would bring together two of the largest U.S. providers of money-transfer services, according to a person familiar with the matter. Western Union has made a takeover offer for MoneyGram, said the person, who asked not to be identified because the matter isn’t […]
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On The Wires

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Subscription Usage Patterns Worldwide – 2Checkout Survey

“2Checkout, the leading all-in-one monetization platform for global businesses, today released the key findings from its recent consumer subscription usage survey, conducted on a global audience during the months of March and April 2020. The survey results provide valuable insights into consumer sentiment across multiple dimensions, including popular subscription categories, adoption rates, preferred billing cycles […]
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Request to Pay Rules and Standards Framework Launched

“Today (Friday 29 May 2020) Pay.UK is pleased to launch the Request to Pay Framework – the message standards, rules, and terms and conditions for the development of Request to Pay services.   The new Framework can now be used by organisations to create the first Request to Pay propositions, set to underpin a vibrant […]
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GoCardless and YayPay Form Partnership to Address YayPay’s Growing Global Customer Base

“GoCardless, the leading fintech for recurring payments, today announced a strategic partnership with YayPay, a leading predictive accounts receivable (AR) automation solution. This wide-ranging partnership will see YayPay integrate GoCardless’s global network with its AR offerings to provide direct debit payments to its expanding base of customers in North America and Europe. By offering bank […]
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Domains

South Africa’s Mama Money Expands Global Reach With Western Union – Customers Can Now Send International Money Transfers To 200 Countries And Territories Via The Mama Money Mobile App

“Western Union, a leader in cross-border, cross-currency money movement and payments, and Mama Money, a rapidly growing international money transfer company, have joined forces to enable Mama Money customers to send money to their loved ones around the world via Western Union’s Global Network. This collaboration will gear Mama Money’s more than 500,000 customers in […]