Atlanta-based MobileRecharge.com has launched MobileRecharge, an app for iOS and Android devices. The app is free to download on App Store and Google Play.
Citi Treasury and Trade Solutions (TTS) has significantly enhanced WorldLink Payment Services’ cross-currency payment capabilities. It offers an expanded ACH offering and an increase of global access to 140 currencies to further enable and support the evolving needs of global clients while Citi expanded its WorldLink low value cross border offering. Making local currency payments into rapidly developing economies is a key requirement for expanding companies. So that clients can benefit from faster settlement times and more efficient execution, WorldLink has increased the ease of making payments into Malaysia, Haiti and Bermuda.
Western Union global payment services now plans to help facilitate the “last mile” and bridge the gap between government payments that need to be disbursed and the people who receive them. Initially, the Western Union service will enable parents with school-age children, university students and senior citizens to access government and emergency payments at more than 600 Western Union Agent locations across Haiti. Future plans may include offering a wider array of pay-out options including: bank accounts, mobile phones or prepaid cards.
MoneyGram money transfer launched its MoneyGram Foundation to demonstrate its passion for educating young minds and focus on funding programs for educational resources and basic school supplies for school-age children around the world. In the past month, MoneyGram’s Global Giving program has given $230,000 to organizations in more than a dozen countries across Africa, Asia, Eastern Europe, Latin America and North America. With its guiding principle, “Inspiring minds. Improving lives.,” the focus of the MoneyGram Foundation is rooted in the belief that education is at the heart of better economic opportunities, healthier families and individual freedom and empowerment.
MoneyGram, a leading global money transfer company, announced today that it has added 30 countries to its direct-to-account (or cash-to-account) service for funds sent to the Philippines. Previously, the direct-to-account service was available only for customers sending funds from the United States to the Philippines. This service enables customers to send needed funds directly into…
The U.S. Agency for International Development (USAID) and Citi announced a global partnership to broaden financial inclusion by fostering the rapid adoption of “mobile money” technology in developing countries. The announcement was made at USAID’s Frontiers in Development Forum at Georgetown University. Of the five billion mobile phone users worldwide, nearly two billion lack access to banking services, instead relying on cash transactions that expose them to potential theft, fraud or loss, and high-cost lending and remittance providers that leave them vulnerable to endless debt and high fees. USAID and Citi will work with governments, donors, industry and other participants in the payments system. USAID expects to continue to support local mobile money platforms with over $23 million, and Citi will integrate its core banking services with mobile money platforms to provide seamless integration between banking and last-mile, mobile-based payments services.
Citi announced that its CitiDirect® BE Mobile service developed by the Global Transaction Services unit, has reached a significant milestone, processing over $1 billion in total transactions value. Since commercializing the browser-based mobile application in August, Citi has made the solution available to an additional 56 countries across Europe, Middle East and Africa (EMEA), Central,…
To help spread some holiday magic to those in need, MoneyGram launched its “Spreading Holiday Magic” round-the-world relay to support the educational needs of some children across eight countries and four continents. The relay-style program will distribute more than $50,000 in much-needed money, school supplies and learning tools to 11 schools in eight countries. MoneyGram will oversee the program in Los Angeles; New York; Ghana; Haiti; Italy; Mexico; Philippines; Romania; and Russia. MoneyGram officials will visit the selected schools and present the new supplies and learning tools to the children.
HSBC and first direct customers can now donate vital funds to the Disasters Emergency Appeal DEC East Africa Crisis Appeal via their 3789 ATM machines nationwide. This brings the number of charities benefitting from this service through the bank’s ATM’s to seven. Last year over GBP341,623 was donated through the HSBC’s machines including GBP121,950 to the DEC Haiti appeal. This year GBP68,539 was donated to the British Red Cross Japan Tsunami Appeal alone. Gift Aid is an easy way for charities to increase the value of gifts of money from UK taxpayers by claiming back the basic rate tax paid by the donor. It costs the donor nothing, but as long as they are a tax payer, they could effectively increase the total amount they are donating to their charity of choice.
First Atlantic Commerce (FAC) global online payment solutions is now processing all online credit card payments for Air Turks & Caicos, The National Flag carrier of the Turks and Caicos. The FAC PCI-certified, online payment solutions provider dedicated to providing businesses around the world with custom, multi-currency payment and fraud management solutions and was selected by Air Turks & Caicos as its electronic payments partner in conjunction with Scotiabank Turks & Caicos and Radixx International to enable the airline’s passengers to book and pay online for their travel. FAC, which is integrated to Radixx, processes the credit card payment through its gateway and sales are settled in Air Turks & Caicos’ merchant account at Scotiabank.
United Nations Federal Credit Union’s (UNFCU) globally compliant chip and PIN credit cards with newly released results of the financial cooperative’s effectiveness study. UNFCU’s analyses demonstrated significant increases in member demand, satisfaction and spend achieved during the period October 2010 to February 2011, compared to the previous year, showing + 153% in card applications, + 382% in credit lines booked, + 20% for revolving balances, and, + 15% in overall purchases. UNFCU recognized the need for a universal, convenient and secure payment card. Through the World Traveler program, Gemalto provides UNFCU with complete issuance service, including full card design, production and personalization. This program has aided UNFCU in serving members, particularly those located in the field and in extreme situations. For example, UNFCU reissued cards for members after the earthquake in Haiti.
YellowPepper has received a grant by the Haiti Integrated Finance for Value Chains and Enterprise (HIFIVE), a USAID-funded project to support the development of mobile money services in Haiti, facilitating mobile phone money transfers. In Haiti, only 10% of the population is banked and one-third of Haiti’s bank branches were destroyed from the earthquake, further limiting the population’s access to financial systems. This grant will enable YellowPepper to scale up its successful pilot project and to provide its open-architecture mobile payment platform to create a vibrant, safe, accessible and easy-to-use payment ecosystem that allows Haitian consumers to store value, pay for goods and withdraw or transfer funds using their wireless phones.