Last week both MoneyGram and Western Union announced the launch of SendBots that use artificial intelligence (AI) to bridge the gap between digital and brick and mortar. The expansion of Messenger “bots” at the F8 Facebook Developers conference was just one of the areas of focus for the two day event. However, this technology has now created quite a buzz in the money transfer world as the two largest international remittance companies have entered the fray. What does this mea

For most people in the payments industry, when you're strapped for cash and an unforeseen emergency occurs, you dip into savings or pull out your credit card. You get quick access to funds and take care of the task at hand. But if you don't have enough in savings or a credit card, it's not that easy. For millions of Americans living paycheck to paycheck they need a solution that gets them cash now to make ends meet. This is where payday loans come in. A payday loan is a loan

The payments industry is powered by legacy platforms. There, I said it. All the buzz focused on modular, cloud-based processing platforms make for great panel discussions, but the world is still dependent of decades old technology. If you are a new FI or program manager, then it probably makes sense to launch with the latest technology. However, the banking, travel and public sector still process the majority of their transactions on a legacy system. So how do current payment