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Article: Xoom to Transform Money Transfer Industry with New Wholesale Product, $15 Million Financing and Senior Staff; Xoom's WebAgent makes it easy for others to build remittance businesses by taking care of the logistical, technological and legal complexities.
- Article from:
- Business Wire
- Article date:
- June 19, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- Xoom, the money transfer innovator, today announced its new turn-key solution, Xoom WebAgent. With WebAgent, banks, credit unions, retailers and money transfer operators can build or expand their money transfer business without worrying about the complex logistical, technical and legal hurdles associated with operating a remittance business.
"Xoom takes care of all of the potential headaches," said Xoom CEO James Joaquin. "Our partners can quickly build or expand their money transfer business because we've already set up large and reliable disbursement networks overseas, deployed secure technology, and complied with the myriad of banking and ...