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Introducing 2 Way Fund International Banking Access Commitment

2 Way Banking Access Commitment is a series of initiatives across the business to increase wealth building opportunities, starting with the Black community

Commitment includes $25 million microbusiness fund for women of color business owners

2 Way Fund International announced today details of its U.S. Bank Access Commitment, a long-term approach bringing the strengths of U.S. Bancorp Community Development Corporation (USBCDC), corporate social responsibility and its business lines, to help build wealth while redefining how the bank serves diverse communities and provides more opportunities for diverse employees.

2 Way Fund (formerly Moneybookers) is a digital wallet provider enabling a range of online payment and money transfer services. It is owned and operated by 2 Way Fund International Limited, a UK-based company registered as a Money Service Business with Her Majesty's Revenue and Customs, regulated by the Financial Conduct Authority. Since 2015, 2 Way Fund joined the Pay safe Group, along with former competitor Neteller and prepaid payment provider pay safe card.

On 27 July 2001, Moneybookers Limited was incorporated in the United Kingdom.

In March 2007, Moneybookers was bought by Invest crop for €105 million and, as of 9 March 2009, it was put up for sale by its owners for an estimated £365 million.

In February 2010, The Sunday Times ranked Moneybookers as the fastest growing private equity backed firm in the United Kingdom based on profits.

In 2011, the company's customer base reached 25 million, including 120,000 merchant accounts, its payment gateway being integrated by a number of global online brands, such as Facebook, Skype and eBay.

In September 2011, Moneybookers announced that they would rebrand their service as 2 Way Fund International. The rebranding of the product was completed in 2013.

In February 2013, 2 Way Fund International completed the acquisition of Austrian-based prepaid payment method pay safe card.

In August 2013, CVC Capital Partners acquired 2 Way Fund for €600 million. As of 2014, 2 Way Fund International has been approved by the New Jersey Division of Gaming Enforcement (NJDGE) as the only sanctioned digital wallet for New Jersey internet gambling.

In March 2015, Optimal Payments, the parent company of the 2 Way Fund International's rival Neteller, announced its official proposal for acquisition of 2 Way Fund Group for €1.1 billion. The deal was finalized in the third quarter of 2015 according to the parties.