Fifth Third jumps on the money-transfer biz through new deal with Western Union

by Tracy Kitten — Editor, AMC

July 19, 2009

Cincinnati-based Fifth Third Bank has inked a deal with Western Union to provide a global money-transfer service at its 1,300 bank branches spread across 1…

Co-Op targets low-income markets with new ATM and branch program

by Tracy Kitten — Editor, AMC

July 19, 2009

Rancho Cucamonga, Calif.-based Co-Op Financial Services is partnering with Express Credit Union, based in Seattle, to launch a program aimed at reaching low…

TIO Networks adds 5,000-plus transaction endpoints through new partnership

July 8, 2009

BURNABY, British Columbia — TIO Networks Corp., a multichannel expedited bill-payment processor, has announced that Budget PrePay Inc., one of the United…

MoneyGram signs money-transfer deal for ATMs with Saudi bank

July 6, 2009

Forbes: MoneyGram International Inc. has signed a deal with National Commercial Bank, the largest bank in the Middle East, to offer a money transfer service at…

Western Union transfer services available at U.S. Bank

June 28, 2009

ENGLEWOOD, Colo. — The Western Union Company and U.S. Bank have announced the rollout completion of the Western Union global money-transfer service across…

TIO Networks reports Q3 net loss, revenue increase

June 24, 2009

BURNABY, British Columbia — TIO Networks Corp. reported third quarter and nine-month financial results for the period ended April 30.   During Q3, TIO reported…

Western Union launches vendor program for mobile banking platforms

June 21, 2009

BARCELONA, Spain — The Western Union Company has launched its Digital Vendor Program intended to extend the reach and accessibility of Western Union Money…

Reaching the unbanked in Africa through the ATM, mobile channels

by Tracy Kitten — Editor, AMC

Wincor Nixdorf, which dominates the ATM market in Morocco, says efforts to reach unbanked users throughout Africa will begin in the continent's most developed…

Underbanked monthly transaction fees range from $10 to $100 depending on transaction provider

May 31, 2009

DALLAS — The Center for Financial Services Innovation has released its latest research, "One Size Does Not Fit All: A Comparison of Monthly Financial Services…

Previer says money remittances at ATMs can increase cash deposits

May 12, 2009

CHARLOTTE, N.C. — Privier Inc. provides payment solutions to financial institutions that offer funds-transfer services to banked and unbanked consumers using…

Western Union intros prepaid cards in Missouri

April 26, 2009

Forbes: Money-transfer agent Western Union is testing a new service that allows customers to send money overnight without requiring the recipient to go to a…

Fidelity National Information Services, Western Union offer money remittance at U.S. banks

April 20, 2009

ENGLEWOOD, Colo. — The Western Union Co. and Fidelity National Information Services, a provider of processing and technology solutions for financial…

Nokia makes high-dollar investment in mobile payments startup

March 26, 2009

Yahoo! News: Nokia Corp., the world's largest maker of cell phones, is making a large investment in California-based Obopay Inc., a startup that's pushing…

The future of cash: Survey predicts changes in consumer habits

Exclusive results of a new ATM Marketplace survey point to serious changes in cash usage over the next few years. Economic pressures and technological advances…

A bright future for cash, despite an economic downturn

by Mike Lee — CEO of the ATM Industry Association, ATM Industry Association

Mike Lee predicts a massive credit slowdown and an increased use of cash in the wake of the global economic recession.

Visa, MoneyGram launch prepaid card program, target unbanked users

March 10, 2009

San Francisco Business Times: Visa Inc. and MoneyGram International have partnered to launch a Visa-branded prepaid card program that allows users to add money…

Privier launches P2P ATM payments for U.S. users

February 24, 2009

CHARLOTTE, N.C. — Privier Inc., provider of person-to-person payments in the remittance market, is now leveraging the ATM for money remittances initiated and…

Nexxo Financial sends $200 million via self-service remittance

February 8, 2009

SAN BRUNO, Calif. — Nexxo Financial Corp. says California consumers have deposited more than $200 million dollars into Nexxo's patent-pending money transfer…

U.K. bank NatWest launches international money transfers via mobile phones

December 21, 2008

LONDON — NatWest now allows its Polish Welcome Account customers to send money back to Poland using mobile devices.  The introduction of commission-free…

ATM basics, with lessons from the cash-preferred

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The credit crisis leads more Americans to cash, and it could be the best thing for the economy … in the long run.