Walmart, ACH and the Elusive P2P Solution

Walmart’s announcement that it would offer store-to-store money transfers has a number of interesting aspects worth pondering.  At a high level, this seems like a no brainer. People need to send money to other people and lots of folks find themselves in Walmart’s...

CFPB Final Remittance Rule

Consumers transfer tens of billions of dollars from the United States each year in international remittances. In 2009 the World Bank estimated that US$48 billion was sent from American consumers to friends and family in other countries, a number that represents 0.3%...