Western Union is weighing sale of business payments unit
Western Union plans to begin soliciting potential suitors within weeks. No decision has been made and Western Union may decide to keep the business. ... Read full article
News Topic: Money transfers
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Walmart may shift to CapOne; banks unhappy with Brexit
The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes. ... Read full article
BBVA-backed fintech launches global bank account
Denizen is designed for expats and migrants to receive money and make payments without international transfer fees or currency exchanges. ... Read full article
Walmart updates app to ease money transfers
The retailer is set to announce Tuesday that it is updating its app to allow its customers to input money transfer information electronically rather than having to fill out paperwork in the store. ... Read full article
Money laundering enforcement: Lessons from the Western Union case
Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.b ... Read full article
N.Y. grants BitLicense to Coinbase amid firm's legal battle with IRS
Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services. ... Read full article