Mobile Remittance

08 Jan 18 @ 16:55

The year 2016 marks the second time that multiple Federal Reserve Banks (FR Banks) have surveyed financial institutions (FIs) about their mobile banking and payment practices and plans. After surveying... read more

08 Jan 18 @ 09:48

Western Union is to pay $60 million AML fine to resolve allegations that it failed for more than a decade to maintain a program to deter and report transactions involving... read more

05 Jan 18 @ 12:33

Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally. Mobile users can now do this through a... read more

03 Jan 18 @ 13:02

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk... read more

02 Jan 18 @ 13:27

This past year has seen a number of significant changes in the payments industry. From new transfer methods to the PSD2 push, the demand for faster, smarter, and safer transactions... read more

18 Dec 17 @ 13:45

New research from Ovum reveals that North American commercial banks are continuing to increase their investment in real-time payments (RTP). The report “The rise of real-time payments in North America”, commissioned... read more

11 Dec 17 @ 16:36

The Islamic finance industry has expanded rapidly in the last decade, growing at around 10-12 percent annually, according to the World Bank. We examine the underlying Shariah principles and how... read more

06 Dec 17 @ 09:55

The purpose of PSD2 is enabling third parties creating new Financial Services through open APIs to customers’ bank accounts. Such systems already exist but currently rely of questionable methods typically requiring consumers... read more

05 Dec 17 @ 09:23

The heads of several large European banks have told the Financial Times that they are in talks about jointly setting up a cross-border instant payments service. The details are sketchy... read more

04 Dec 17 @ 15:57

A version of the Raiden payments channel network has been launched on the main Ethereum blockchain. Activated yesterday, the launch comes months after µRaiden – known more commonly as “microraiden” – first... read more

01 Dec 17 @ 15:41

Mastercard has just filed a patent for a “Method and System For Instantaneous Payment Using Recorded Guarantees.” This is, in short, a patent for a blockchain-based system that offers instant payment. The... read more

24 Nov 17 @ 10:49

Building a national payment system is a huge undertaking. Prior to launch, banks and non-banks have to collaborate on the governance, rules and features of the system. They have to... read more