The Western Union Company (NYSE: WU), a leader in global payment
services, today announced that consumers in Austria,
Belgium,
Germany,
the Netherlands
and the United
Kingdom now have the option to fund online and mobile Western Union
Money Transfer® transactions using their bank accounts.
Today’s launch adds to Western Union’s online
and mobile bank account-based services, which allow senders to
tailor transactions according to their unique needs, including speed of
delivery, method of payment, cost of service and consumer preference on
the receive side of the transaction.
“Western Union continues to develop online capabilities that cater to
the high-principal, account-based customer,” said Khalid Fellahi, senior
vice president and general manager, Western Union Digital. “Providing
bank account-based funding options expands our relevance to a wider
customer set and makes WU.com a compelling choice for banked customers
worldwide.”
The new funding option enables account-based payment for online money
transfers to more than 200 countries and territories via integration
with online banking portals. Senders can direct their money transfers
into a receiver’s bank account in certain countries or opt for cash
payout at more than 500,000 Western Union retail Agent locations
worldwide.
Bank account funding for online and mobile money transfers at WU.com
was developed in conjunction with Sofort
AG for services in Austria, Germany, Belgium and the United Kingdom,
and with iDeal
for services in the Netherlands.
Western Union has transactional websites in 24 countries to send money
globally to 200 countries and territories. For more information on
Western Union’s global capabilities, including online, mobile money
transfer and account-based options and retail Agent locations, please
visit www.WU.com.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of June 30, 2014, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 500,000 agent locations in 200 countries and territories and
over 100,000 ATMs. In 2013, The Western Union Company completed 242
million consumer-to-consumer transactions worldwide, moving $82 billion
of principal between consumers, and 459 million business payments. For
more information, visit www.westernunion.com.
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Copyright Business Wire 2014