Money transmitter

WorldRemit Celebrates the Launch of Their Remittance Service in Somalia

Wednesday, July 1, 2020 - 3:51pm

WorldRemit , the global online money transfer service has announced the launch of its remittance services in Somalia.

Key Points: 
  • WorldRemit , the global online money transfer service has announced the launch of its remittance services in Somalia.
  • WorldRemit operates in over 50 send countries to over 150 receive countries and is now the first global digital money transfer player to operate in Somalia.
  • WorldRemit delivers a digital service that removes the middleman and allows Somalis living in the United States to send money home 24/7 at their convenience, quickly and securely.
  • Customers in Somalia can receive remittances via WorldRemit from friends and family anywhere across the United States via Cash Pick Up.

Money Transfer Company Receives Top 5-Star Rating from TopConsumerReviews.com

Tuesday, October 8, 2019 - 3:00pm

OVERLAND PARK, Kan., Oct. 8, 2019 /PRNewswire-PRWeb/ --TopConsumerReviews.com awarded their highest five-star rating to Xoom, an industry leader in among Money Transfer services available online.

Key Points: 
  • OVERLAND PARK, Kan., Oct. 8, 2019 /PRNewswire-PRWeb/ --TopConsumerReviews.com awarded their highest five-star rating to Xoom, an industry leader in among Money Transfer services available online.
  • Although services like PayPal and Venmo work well for some people, other consumers need to use more traditional Money Transfer services.
  • For those looking for the best Money Transfer service, it's important to consider the services carefully, as some are more reputable than others.
  • To find out more about Xoom and other online money transfer services, including reviews and comparison rankings, please visit the Money Transfers category of TopConsumerReviews.com at https://www.topconsumerreviews.com/money-transfers/ .

CoinGeek Delves Into What FinCEN's New Guidelines Mean for DApps, Lightning Network and Privacy Coins

Friday, May 10, 2019 - 5:00pm

"Accordingly, when DApps perform money transmission, the definition of money transmitter will apply to the DApp, the owners/operators of the DApp, or both," according to FinCEN.

Key Points: 
  • "Accordingly, when DApps perform money transmission, the definition of money transmitter will apply to the DApp, the owners/operators of the DApp, or both," according to FinCEN.
  • Like in the case of DApps, FinCEN's new guidance will also make it even more challenging for the Lightning Network on Bitcoin Core (BTC) to grow.
  • Given how broad these definitions are, I expect FinCEN's guidance will further inhibit growth of the Lightning Network beyond traditional payment processors who already hold MSB licenses."
  • As such, Nguyen says the agency "will not let privacy coin advocates avoid compliance with laws designed to stop financial crimes."

CoinGeek Delves Into What FinCEN's New Guidelines Mean for DApps, Lightning Network and Privacy Coins

Friday, May 10, 2019 - 5:00pm

"Accordingly, when DApps perform money transmission, the definition of money transmitter will apply to the DApp, the owners/operators of the DApp, or both," according to FinCEN.

Key Points: 
  • "Accordingly, when DApps perform money transmission, the definition of money transmitter will apply to the DApp, the owners/operators of the DApp, or both," according to FinCEN.
  • Like in the case of DApps, FinCEN's new guidance will also make it even more challenging for the Lightning Network on Bitcoin Core (BTC) to grow.
  • Given how broad these definitions are, I expect FinCEN's guidance will further inhibit growth of the Lightning Network beyond traditional payment processors who already hold MSB licenses."
  • As such, Nguyen says the agency "will not let privacy coin advocates avoid compliance with laws designed to stop financial crimes."

Coins.ph Wallet Holders to Receive Western Union Money Transfers

Wednesday, April 3, 2019 - 1:00pm

By pairing Coins.phs payments technology with Western Unions expansive global network, we are giving Filipinos a seamless choice to receive money digitally, on the go.

Key Points: 
  • By pairing Coins.phs payments technology with Western Unions expansive global network, we are giving Filipinos a seamless choice to receive money digitally, on the go.
  • Western Union has been providing money transfer services in the Philippines since 1990 and has more than 12,000 Agent locations3 in the country.
  • After successful verification, consumers can conveniently receive Western Union money transfers into their Coins.ph wallets by simply inputting the unique tracking number (MTCN) and expected remittance amount.
  • With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth.

The Money Services Business Association (MSBA) Elects New Board Members for 2019

Thursday, January 24, 2019 - 3:17pm

MONTVALE, N.J., Jan. 24, 2019 /PRNewswire/ -- The Money Services Business Association, Inc. (MSBA), a US-based trade association for the non-bank money services industry, has elected four new Board Members for the 2019 2021 term.

Key Points: 
  • MONTVALE, N.J., Jan. 24, 2019 /PRNewswire/ -- The Money Services Business Association, Inc. (MSBA), a US-based trade association for the non-bank money services industry, has elected four new Board Members for the 2019 2021 term.
  • Last year, the Association integrated the National Money Transmitters Association (NMTA) into its operations and welcomed the Regional Money Services Business Association members.
  • The Board and MSBA members will continue to increase awareness of the critical services provided by the non-bank money services industry, with the aim of encouraging continuous, safe innovation and improving the environment for the provision of banking services to the money services business industry.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/the-money-services-business-asso...
    SOURCE Money Services Business Association, Inc.

Money Services Business Association (MSBA) Expands by Integrating National Money Transmitters Association

Wednesday, September 5, 2018 - 5:30pm

MONTVALE, N.J., Sept. 5, 2018 /PRNewswire/ --The Money Services Business Association ( MSBA ), a trade association focusing on the non-bank money services industry, announced today it has integratedinto its operation the services and capabilities of the National Money Transmitters Association (NMTA).

Key Points: 
  • MONTVALE, N.J., Sept. 5, 2018 /PRNewswire/ --The Money Services Business Association ( MSBA ), a trade association focusing on the non-bank money services industry, announced today it has integratedinto its operation the services and capabilities of the National Money Transmitters Association (NMTA).
  • With the consolidation of the two entities, the MSBA is the only broad-based trade association focused on tracking state and federal legislation and regulation for the money services business industry.
  • The MSBA and its company members work to increase public awareness of the essential services provided by the money services industry, to encourage continuous safe innovation and to improve the environment and access to banking services for the money services business industry.
  • The Money Services Business Association, Inc. or MSBA is a trade association focused on the non-bank money services industry, including licensed money transmitters their agents/authorized delegates, payment card issuers and distributors, payment processors, international remittance companies, bill payment companies, mobile payment application providers, payment aggregators, virtual currency exchanges and administrators, e-Wallet providers and other similar money services providers that are engaged in payments.