About 11.5 million bank card transactions accounting for a total of 118 billion Leks occurred in Albania during 2011. Of these, 93.5% were ATM transactions and 6.5% POS transactions. Meanwhile, the number of bank cards in circulation increased by 5.3% in 2011. The number of credit cards in circulation increased by 39%, while the number…
Paymentech has launched “Global Currency Management” which enables Internet, catalog and recurring billing businesses to accept payments in more than 150 presentment currencies and to settle transactions in four popular currencies including the U.S. Dollar, the British Pound Sterling, the Euro and the Japanese Yen. Merchants are not required to establish separate bank accounts and credit lines in each country where payments are accepted and can consolidate funds into one currency with a single banking entity for easier funds transfers and funds management. Paymentech continues to offer same-currency processing (for both presentment and settlement) in 14 different currencies. Paymentech processed 8.5 billion transactions and $200 billion in card volume in 2004.
Paymentech has launched “Global Currency Management” which enables Internet, catalog and recurring billing businesses to accept payments in more than 150 presentment currencies and to settle transactions in four popular currencies including the U.S. Dollar, the British Pound Sterling, the Euro and the Japanese Yen. Merchants are not required to establish separate bank accounts and credit lines in each country where payments are accepted and can consolidate funds into one currency with a single banking entity for easier funds transfers and funds management. Paymentech, L.P, processed 8.5 billion transactions and $200 billion in card volume in 2004.
People sending or receiving U.S. funds to or from Albania can now do it safely and easily through MoneyGram Payment Systems, Inc.
MoneyGram, one of the world’s leading global money wire service companies, opened locations in both Tirana, the capital of Albania, and Durres in collaboration with the Savings Bank of Albania. Now consumers and businesses located in those Albanian cities are able to send and receive wired funds within 10 minutes.
MoneyGram officials said the unrest in the region has created hardships for many fleeing the area.
“During disasters such as this, typically you find that families and relatives are looking to help their loved ones, whether they are victims, troops, or working in relief agencies,” said Isaac Lasky, vice president, international business at MoneyGram. “There is always a need to provide funds in a safe, efficient and affordable manner, and this service allows families to send financial aid to the refugees and NATO troops in the Kosovo area.”
Lasky says the company received similar requests during last year’s hurricane in Central America and during Desert Storm in 1991. For more information about sending money to Albania, call 800-926-9400, or visit the web page www.moneygram.com.
MoneyGram, a subsidiary of Travelers Express Company, Inc., is the number two money-wire transfer company in the United States. The company has an international agent network of more than 26,000 locations in more than 120 countries, reaching virtually 80 percent of the world population.
A subsidiary of Viad Corp, Minneapolis-based Travelers Express is a leading processor of money orders, electronic bill payments and official checks. Viad Corp (NYSE: VVI) is a $2.5 billion company headquartered in Phoenix, Ariz., that provides payment services, convention and event services, and airline catering.