Doreen Carvajal reports in the International Herald Tribune on the world of international money transfer.

Meanwhile, the immigrants themselves have transformed the post office in Saint-Denis into one of the busiest branches in France. But its chief business is no longer handling mail, according to Lionel Maestroni, the branch's postal manager. Behind the counters, he said, workers spend more time on financial transactions: dispensing money and making transfers.

Hugh Gallagher from Edgar, Dunn & Company shares his perspectives on issuer debit card strategies.

Among the interesting findings:

"...the typical issuer loses money on an average debit transaction – even without accounting for the recent declines in debit interchange brought about by regulators and merchants."

In a further expansion of its cash acceptance payment solutions, Western Union today announced a deal with AeroMexico.

MasterCard Advisors, a subsidiary of MasterCard International, has announced the acquisition of Tower Group from Reuters.   » Continue Reading

The US Food and Drug Administration has issued a new report examining issues around counterfeiting of prescription drugs. Among other findings, the FDA has laid out a timeline leading to the adoption of RFID-tagging of packaging of prescription drugs between now and 2007.

NYCE has announced a new account-to-account money transfer service. The American Eagle Federal Credit Union is the first to allow customers to use the new service from its ATM's. AEFCU plans to launch use from its online banking site later this year.   » Continue Reading