money transfer

MoneyGram Goes Mobile with Digital Wallet Money Transer App

People who regularly use money transfer services just got another digital leg up. MoneyGram International is partnering with Gemalto, the company behind the LinqUs Mobile Money digital wallet, to allow customers to do money transfers straight from their smartphones.

Iran Cut Off From Global Financial System

Iran was largely cut off from global commerce on Thursday, when the company that handles financial transactions said it was severing ties with many Iranian banks %u2014 part of an international effort to discourage Tehran from developing nuclear weapons. The action is meant to enforce European Union sanctions, as global financial transactions are impossible without using SWIFT, and will go a long way toward isolating Iran financially.

Facebook Friends' New Benefit: Send Money Easily

In a joint effort with PayPal, Facebook launched a new app this week that could remake the money-transfer business. We test drove Send Money, a cheap -- sometimes free -- method for moving funds between you and members of your social network.

What New Consumer Agency Will Do for You

On Thursday, the Consumer Financial Protection Bureau officially opens for business. Even as the political fight continues over just how potent the agency will be, at root, its mission is to make clear the prices and risks of financial products and services. Here's where it will focus its early efforts: