WorldRemit introduces Thai Baht remittances

WorldRemit is introducing the ability to send money to Thailand. The upgrade to WorldRemit’s Thai service enables workers living overseas to send money back home without the need for an additional foreign exchange transaction at the receiving bank.International remittances are an important contributor to the economy of Thailand, with an estimated US $5.5 billion being received in 2013, according to the World Bank. The amount of money received from overseas by people in Thailand has seen an average increase of 25% per year, compared to an annual increase of just 5% between 2004 and 2008.

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PayPal Partners for Increased Presence

PayPal now lets users order ahead and pay for goods and services at 1500 brick and mortar locations through its latest partnership with Rabobank-backed MyOrder MyOrder. The integration with PayPal enables users to order and pay for food or drinks ahead of arriving at a cafe; to pay at the table in a restaurant without calling over the waiter, or pay for parking without searching for the closest meter. The online payments outfit has been steadily expanding its business to the high street and through the mobile device. Last year, of the $180 billion of payments processed by PayPal, $27 billion were made from a smartphone or tablet, up 99% on the previous year. Alongside apps for iOS and Android devices, PayPal last week added support for Amazon’s new Fire phone, available for download from the Amazon app store.

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Heartland Acquiring TouchNet

Heartland Payment Systems announced today that it has entered into an agreement to acquire TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions. TouchNet adds over 600 higher education clients serving over six million students – nearly one-third of the higher-education enrollment in the United States – to Heartland’s Campus Solutions business. Heartland Payment Systems, Inc., the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide.

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Payscout Reducing Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In today’s age of increased use of credit cards for global eCommerce transactions, merchants are choosing to expand their accepted methods of payment not only in domestic regions, but abroad, as well. Merchants wanting to sell internationally are subject to high levels of fraud, high fees and misguided information, but this…

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