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14
Nov

Square and Xoom Team with Latino Startup Alliance to Award Latina-Owned Businesses in California

Latina Entrepreneurs are Invited to Enter the Soy Empresaria Business Plan Competition

SAN FRANCISCO, Calif., November 14, 2014 – Latino Startup Alliance, Square, and Xoom today announced the launch of Soy Empresaria, a program to give Latina entrepreneurs in California the opportunity to win $10,000 in financial support and mentorship.

“Every entrepreneur should have access to tools and resources to start, run, and grow their business so they can compete on the merit of their ideas and work,” said Ricardo Reyes, Vice President of Brand at Square. “Soy Empresaria honors Latina entrepreneurs and the impact they make on their communities.”

Soy Empresaria will recognize the three leading Latina business-owners in California at an event at Square’s headquarters where each will be awarded a $10,000 prize. Each of the winners will also receive coaching from notable executives from Square, Xoom, and the Latino Startup Alliance.

“Xoom is happy to be teaming up with Square and Latino Startup Alliance to provide hardworking Latina entrepreneurs with the opportunity to grow their business. Today, Latina business owners who send money home can do so in seconds with the Xoom App, and use the time saved to focus on their business,” said Theresa Pasinosky, Senior Director of Brand at Xoom.

“At Latino Startup Alliance, our goal is to help Latino tech entrepreneurs gain access to the resources, capital, and networks they need to succeed. That is why we are excited to announce the launch of Soy Empresaria, in partnership with Square and Xoom. Together, we want to celebrate and support the growth of Latina-owned small businesses in California,” said Deldelp Medina, president of the Latino Startup Alliance.

Business plan submissions must be made by 11:59 PM on December 14, 2014 to qualify. For more information on how to submit a business plan for Soy Empresaria, and for rules and regulations, visit www.latinabiz.soy. Join the conversation on Facebook and Twitter by using the hashtag #SoyEmpresaria.

Media Contacts:

Latino Startup Alliance:
Deldelp Medina
deldelp@latinostartupalliance.org

Square:
Johnny Brackett
brackett@squareup.com

Xoom:
Robin Carr
415-660-1239
robin.carr@xoom.com

27
Oct

Xoom Announces Instant Deposit Service to Kotak Mahindra Bank Accounts in India

Xoom expands instant deposit service to one of India’s leading financial institutions

SAN FRANCISCO, CA, October 23, 2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, is now offering instant deposits to Kotak Mahindra Bank accounts in India. This revolutionary service allows Xoom customers to instantly deposit money into their recipients’ Kotak Mahindra Bank accounts, 365 days a year, including bank holidays. Instant deposits to Kotak Mahindra Bank are processed through Xoom’s partnership with Punjab National Bank.

“Through our partnership with Punjab National Bank and the breakthrough IMPS technology, we are thrilled to expand our instant deposit service to Kotak Mahindra Bank,” said Julian King, Senior Vice President of Marketing and Business Development for Xoom. “Instant deposits are available 365 days, including bank holidays, so customers will never have to wait. Speed and convenience are what customers expect from Xoom’s service and we continue to do just that in our mission to provide instant deposit to even more banks in India.”

In addition to Kotak Mahindra Bank, Xoom also offers instant deposits to ICICI Bank, HDFC Bank, Punjab National Bank, Bank of Baroda, Union Bank of India, Federal Bank and Yes Bank.

Xoom provides great locked-in exchange rates for money transfers to India, and there is no fee when customers send more than $1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to provide fast bank deposits within four hours to all other banks in India, including to NRE and NRO accounts, when sent during bank processing hours in India.

Customers can also download the Xoom App for Android and iPhone devices for free. Visit Xoom.com/mobile for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to 30 countries in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended June 30, 2014, Xoom’s more than 1.1 million active customers sent approximately $6.3 billion to family and friends. The company is headquartered in San Francisco and can be found online at www.xoom.com.

About Kotak Mahindra Bank
Established in 1985, the Kotak Mahindra group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Ltd (KMBL).

KMBL offers complete retail financial solutions for varied customer requirements. The Savings Bank Account goes beyond the traditional role of savings, and provides range of services through a comprehensive suite of investment services and other transactional conveniences like Online Shopping, Bill Payments, ASBA, Netc@rd, ActivMoney (Automatic TD sweep-in and Sweep-out) etc. Kotak’s Jifi, a first-of-its-kind fully integrated Social Bank Account, redefines digital banking by seamlessly incorporating social networking platforms like Twitter and Facebook with mainstream banking.

KMBL also offers an Investment Account where Mutual Fund investments are recorded and can be viewed in a consolidated fashion across fund houses & schemes. Further, the Bank offers loan products such as Home Loans, Personal Loans, Commercial Vehicle Loans, etc. Keeping in mind the diverse needs of the business community, KMBL offers comprehensive business solutions that include Current Account, Trade Services, Cash Management Services and Credit facilities.

21
Oct

Xoom Announces Instant Deposit Service to Bank of Baroda Accounts in India

Xoom Expands Instant Deposit Service to One of India’s Leading Financial Institutions

SAN FRANCISCO, Oct. 21, 2014 (GLOBE NEWSWIRE) — Xoom Corporation (Nasdaq:XOOM), a leading digital money transfer provider, is now offering instant deposits to Bank of Baroda bank accounts in India. This revolutionary service allows Xoom customers to instantly deposit money into their recipients’ Bank of Baroda bank accounts, 365 days a year, including bank holidays. Instant deposits to Bank of Baroda are processed through Xoom’s partnership with Punjab National Bank.

“Through our partnership with Punjab National Bank and the breakthrough IMPS technology, we are thrilled to expand our instant deposit service to Bank of Baroda, one of the largest public sector banks in India,” said Julian King, Senior Vice President of Marketing and Business Development for Xoom. “Instant deposits are available 365 days, including bank holidays, so customers will never have to wait. Speed and convenience are what customers expect from Xoom’s service and we continue to do just that in our mission to provide instant deposit to even more banks in India.”

In addition to Bank of Baroda, Xoom also offers instant deposits to ICICI Bank, HDFC Bank, Punjab National Bank, Union Bank of India, Federal Bank and Yes Bank.

Xoom provides great locked-in exchange rates for money transfers to India, and there is no fee when customers send more than $1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to provide fast bank deposits within four hours to all other banks in India, including to NRE and NRO accounts, when sent during bank processing hours in India.

Customers can also download the Xoom App for Android and iPhone devices for free. Visit Xoom.com/mobile for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to 30 countries in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended June 30, 2014, Xoom’s more than 1.1 million active customers sent approximately $6.3 billion to family and friends. The company is headquartered in San Francisco and can be found online at Xoom.com.

7
Oct

How likely are you to send your next money transfer online?

Sending money back home to friends and family in the Philippines is a unique bonding moment for both parties. The people back home receive something tangible and valuable while the sending party owns a feeling of accomplishment and personal reward for doing something empowering that makes all parties feel warm. That’s a powerful combination for everyone.

Xoom is an acknowledged leader in the global money transfer business and has made it very easy for its customers to send money back home, especially online and through its popular new mobile app. Click, and Xoom, the money is there.

Xoom decided to conduct a survey of its Fil-Am customers to find out more about the tendencies of sending money online. Xoom asked the question: How likely are you to send your next money transfer online?

The highest percentage of the respondents, 32 percent, said they were very likely to send their next money transfer online while 29 percent of those who answered the survey question said they were likely to go online to send their next money transfer.

24
Sep

Xoom Announces Instant Deposit Service to ICICI Bank Accounts in India

Xoom expands instant deposit service to one of India’s leading financial institutions

SAN FRANCISCO, CA, September 22, 2014 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, is now offering instant deposits to ICICI Bank accounts in India. This revolutionary service allows Xoom customers to instantly deposit money into their recipients’ ICICI Bank accounts, 365 days a year, including bank holidays. Instant deposits to ICICI Bank are processed through Xoom’s partnership with Punjab National Bank.

“Through our partnership with Punjab National Bank and the breakthrough IMPS technology, we are thrilled to expand our instant deposit service to ICICI Bank, one of India’s largest banks,” said Julian King, Senior Vice President of Marketing and Business Development for Xoom. “Instant deposits are available 365 days, including bank holidays, so customers will never have to wait. Speed and convenience are what customers expect from Xoom’s service and we continue to do just that in our mission to provide instant deposit to even more banks in India.”

In addition to ICICI Bank, Xoom also offers instant deposits to Punjab National Bank, HDFC Bank, Union Bank of India, Bank of Baroda, Federal Bank and Yes Bank.

Xoom provides great locked-in exchange rates for money transfers to India, and there is no fee when customers send more than $1,000 and pay with their U.S.-based bank account. Plus, Xoom continues to provide fast bank deposits within four hours to all other banks in India, including to NRE and NRO accounts, when sent during bank processing hours in India.

Customers can also download the Xoom App for Android and iPhone devices for free. Visit Xoom.com/mobile for more information.

About Xoom
Xoom is a leading digital money transfer provider that enables consumers to send money to 30 countries in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended June 30, 2014, Xoom’s more than 1.1 million active customers sent approximately $6.3 billion to family and friends. The company is headquartered in San Francisco and can be found online at Xoom.com.

14
Aug

Xoom’s CEO Kunze Chats Bitcoin, Mobile Apps, and More

It’s a hot-button topic, to be sure, but for money transfer powerhouse Xoom, the use of bitcoin just might be something that eventually comes into play. That’s what Xoom CEO John Kunze said in a revealing interview with PYMNTS.com’s CEO Karen Webster. You can check out the story for yourself, and also click on the accompanying audio link.

Everyone knows that Xoom occupies a pivotal position in the global money transfer business, but many may not know that the bitcoin currency opportunity could have a place in how money is moved.

Or not. There’s a long way to go, Kunze said in the interview.

“I think anyone that wants to move money from point A to point B has to deal with . . . very important challenges that, for bitcoin to succeed, players in the ecosystem must also solve in addition to still being efficient and not costly.”

Kunze mentioned self-regulation, consumer protection and regulation as challenges for bitcoin to become part of the money transfer business.

Xoom’s chief pointed out that typically $500 billion in money transfers crosses borders each year, and he also touched on Xoom’s groundbreaking mobile app that’s making a lot of headway.

“More than half of our users are sending with our mobile app, which was a great milestone that we hit,” Kunze said in the interview.

18
Jul

Can’t decide on a money transfer service? Choose the one with the best security qualifications!

all_blog_a_rating

Given the potential for security breaches and fraud in the world of financial transactions, it’s no surprise that the U.S. federal and state governments have instituted a robust set of rules and regulations governing the remittance industry and the service providers that operate in this sector.

While this might not be a major factor in your search for a money transfer company, it needs mentioning as some money transfer companies are more committed to consumer protection, compliance standards and customer service than others. While it may be difficult for you to evaluate these variables without quite a lot of digging, one source you can easily check is the Better Business Bureau (BBB) rating.

Check with the Better Business Bureau (BBB)
In school, your performance on tests and exams was assessed by issuing grades. If you received an A+, you felt proud and enjoyed a sense of accomplishment. The Better Business Bureau, likewise, assigns grades to companies based on a broad array of performance criteria, including:

  • Length of time this business has been operating.
  • Complaint volume filed with BBB for a business of this size.
  • Response to complaint(s) filed against this business.
  • Resolution of complaint(s) filed against this business.

So make sure to check that your prospective money transfer company is accredited with the BBB and, if it is, whether it has achieved the coveted A+ BBB Rating.

Affiliations & Certifications
While some companies view compliance as something they have to do and often wait until the last minute to get up to speed, if at all, a few forward-looking companies that are truly customer-focused lead the charge and even “push the envelope” to make sure that their customers are protected. From their perspective, this is simply good business and an effective way to gain their customers’ trust.

In the case of money transfer companies, in addition to their BBB Rating, you can also check their affiliations and certifications, which they should be proudly displaying on their websites. Are they a member of highly regarded anti-fraud associations such as the Merchant Risk Council and the Association of Anti-Money-Laundering Specialists (ACAMS)? Are their privacy practices certified by an independent monitor such as TRUSTe? Is their website certified with a Verisign SSL Certificate, so that you know your information can be transmitted securely over the Internet?

At Xoom, we are committed to securing your financial information and employ proven technology to protect and secure your personal information. Plus, we have the Privacy Certification with TRUSTe, an A+ Rating from the Better Business Bureau, and the Symantec SSL Certificate from Norton Secured.

27
Jun

Selecting a Money Transfer Service: Choose One That Looks Out for You

secutiry_keyboard

As a remittance sender, you want to select a money transfer company that is vigilantly pursuing human and technological resources to protect you and your family from online predators whose mission is to coerce you to send your money to them.

You are entrusting your money transfer company to safeguard your account with them, as well as the entire transfer process, so that your money arrives safely in the hands of your loved ones at home.

That is one big responsibility and you need to have confidence that the company you choose is up to the challenge. Your provider must be prepared to deliver rapid and effective intervention should anyone or anything compromise your ability to send money, or if you happen to fall victim to a scam.

Security Requirements
Check to see if your prospective money transfer company is using top-of-the-line data security encryption, so that all information sent between your web browser and your money transfer company’s website remains private and secure.

Generally, if a provider is “bullish” on security, they will trumpet that fact on their website. More detailed information regarding certifications from third-party security and privacy organizations should also be available on their website.

So how secure is the Xoom?
At Xoom, we strive to be the most progressive money transfer company in the industry when it comes to the deployment of the latest and most robust security protocols to protect your data and privacy. And if anything interferes with the successful transfer of your money, we are ready to take immediate corrective action to resolve the issue and get your transfer through safely to your family.

We use 128-bit data security encryption, so all information sent between your web browser and our website remains private and secure. The entire Xoom website, even pages viewed without logging in, is served via encrypted, secure pages.

The servers we use to store your information are protected both physically and electronically. They reside behind a firewall and are not directly connected to the Internet. We regularly audit our security policies to ensure the protection of your personal data.

When you sign up with Xoom, you will immediately notice how much your business means to us and how committed we are to keeping you as a customer “for life.” From the welcome call you will receive right away when you sign up, through the highly-transparent on-screen disclosure of every part of your transfer, to the fact that nobody answers the phone faster when you really need help:  you will discover that Xoom is no ordinary money transfer company.

And check out the NEW Xoom app – a fast, convenient and safe way to transfer money to your loved ones.