This first of its kind program provides United Bankers’ Bank
with a dedicated resource focused on growing their international
payments business
ENGLEWOOD, Colo,.--(BUSINESS WIRE)--
The
Western Union Company (NYSE: WU), a global leader in cross border,
cross currency money movement, today announced a unique collaboration
between one of its U.S.-based subsidiaries, Western Union Business
Solutions (USA), LLC and United Bankers’ Bank. The International
Business Development program by Western Union Business Solutions
encourages its financial institution clients to have a dedicated
resource on staff that focuses solely on growing their international
payments business which ultimately helps to grow non-interest income,
retain customers, and acquire new customers.
“Western
Union Business Solutions is a true payments engine for financial
institutions,” said Western Union Business Solutions regional head of
the United States Alfred Carpetto. “Having someone dedicated to
international business development at United Bankers’ Bank that receives
one-on-one support from a dedicated team at Western Union Business
Solutions is a win for both organizations,” Carpetto said.
Western Union Business Solutions works with financial institutions to
improve the revenue and retention potential of international payment
services. No matter the size of an institution, Western Union Business
Solutions offers the solutions and support to make their international
payments programs world-class, allowing them to grow their international
business, non-interest income and deepen customer satisfaction.
Late last year, client manager Douglas Featherstone spearheaded the
creation of the International Business Development program at Western
Union. Due to these efforts, United Bankers’ Bank announced
implementation of the program and the hiring of John Beerling as Vice
President of International Business Development. Beerling is also a
veteran in the industry with more than 20 years of experience with
international markets and foreign exchange.
“We believe having a dedicated resource to promote and sell our
international payment services will help us to further meet the
expanding needs of our customers and provide them with a competitive
advantage in the markets they serve,” said John Peterson, Executive VP
and Chief Marketing Officer for United Bankers’ Bank.
The International Business Development program will involve direct
collaboration between Western Union Business Solutions and United
Bankers’ Bank, focusing on untapping the significant revenue potential
international payments represents to their institution and will serve as
a pilot for future collaborations with financial institutions across the
country.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border,
cross-currency money movement. Our omnichannel platform connects the
digital and physical worlds and makes it possible for consumers and
businesses to send and receive money and make payments with speed, ease,
and reliability. As of March 31, 2018, our network included over 550,000
retail agent locations offering Western Union, Vigo or Orlandi Valuta
branded services in more than 200 countries and territories, with the
capability to send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2017, is available in more than 40
countries to move money around the world. In 2017, we moved over $300
billion in principal in nearly 130 currencies and processed 32
transactions every second across all our services. With our global
reach, Western Union moves money for better, connecting family, friends
and businesses to enable financial inclusion and support economic
growth. For more information, visit www.westernunion.com.
WU-G
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Source: The Western Union Company