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Western Union Expands Digital Capabilities in Europe

Tuesday, August 26, 2014 08:30 AM

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 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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Source: Western Union

Western Union

Press Contacts:

United States

Kristin Kelly, 1 720-332-4751

Kristin.kelly@westernunion.com

or

United Kingdom & Belgium

Claire Treacy, 44 208-563-6647

claire.treacy@westernunion.com

or

Austria & Germany

Sabine Fischer, 43 1-5013-4535

sabine.fischer@westernunion.com

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