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There's no shortage of upstarts trying to cut cost, time and risk out of global money transfers. To maintain its position, Western Union is investing in the technologies it finds the most promising while keeping others at arm's length.
November 20 -
The market for international e-commerce in China is growing much faster, and working much more smoothly, than attempts by Western companies to launch within the country.
November 19
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Icahn Associates Corp., the fund run by billionaire activist investor Carl Icahn, sold its remaining eBay Inc. stake at the same time as it reported a 3.8 percent holding in the Internet auction companys spun off payments unit PayPal Holdings Inc.
November 17
