The Latest News from the Credit and Debit World
By JASON GERTZEN
The Kansas City Star
After their initial $1.65 billion offer for MoneyGram International Inc. was rebuffed, Euronet Worldwide executives said Thursday that they would consider a proxy fight in pursuit of the company.
MoneyGram, the second-largest money-transfer company, has been poorly managed and decimated by a “reckless investment strategy,” but holds great growth promise if […]
Dec 10, 2007
By Peggy Anne Salz Mobile devices are playing an increasingly important role in the financial industry because of their immense potential to act as a platform for a plethora of financial transactions. There is a flurry of activity around both payments and banking, with investments, operator adoption and development of innovative solutions […]
Story Highlights
Mobile money transfers taking off where banking isn’t readily available
Global remittance industry estimated at $318 billion
Mobile-based services may infuse money into developing world, analysts say
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By PHUONG CAT LE
SEATTLE P-I
If you’ve used a credit card or ATM card abroad in the past 10 years, you’ve likely received a notice in the mail regarding a proposed court settlement over foreign transaction fees.
The U.S. District Court Settlement Administrator in Philadelphia sent out nearly 30 million notices in recent weeks, informing consumers they’re […]
Stores have smartened, selling ones that don’t require reading fine print
They are little cards with a big economic impact.
Gift cards, the gift that some call impersonal and others call perfect, will account for $90 billion in giving this year.
Dan Horne, an associate professor of marketing at Providence College in Rhode Island, has been dubbed the […]
Dec 10, 2007
By Peggy Anne Salz Mobile devices are playing an increasingly important role in the financial industry because of their immense potential to act as a platform for a plethora of financial transactions. There is a flurry of activity around both payments and banking, with investments, operator adoption and development of innovative solutions […]
Mark Edward Roberts received a wallet four Christmases ago that left him feeling less than jolly. The slim leather wallet was about half the size of his old one, which was already overstuffed with credit, reward and gift cards.
“I couldn’t fit anywhere near all of the stuff I wanted to carry with me,” Roberts said. […]
Ed Charles | December 08, 2007
IT’S time for Christmas shopping and many people will be visiting Singapore and Hong Kong or the duty-free halls for their seasonal spending sprees.
But retailers could be taking-advantage of the festive spirit by offering payment in Australian dollars and adding a surcharge to foreign currency conversion fees.Called dynamic currency […]
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