Western Union Press Releases

Western Union Responds to Oklahoma Tornado

Tue, 21 May 2013 15:42:00 -0400

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Foundation today announced support for disaster relief efforts that will help the families and communities impacted by the tornado in Oklahoma.

The Western Union Foundation is an American Red Cross disaster-response partner. The Foundation’s funding is supporting Red Cross immediate response activities in the wake of the disaster, which includes providing shelter, meals and mental health triage for people impacted by the storm, as well as first responders.

To encourage and support employee generosity, Western Union will two-for-one match all employee donations to the Western Union Foundation for Oklahoma tornado disaster-relief efforts. Each employee can donate up to US$25,000 per calendar year.

Western Union is also encouraging its Agents to join together in supporting relief efforts. Under the Western Union Foundation Agent Gift Match program, the Foundation will provide a dollar-for-dollar match of qualifying Agent contributions to NGOs providing disaster relief support in the impacted region.

Employees and consumers can give online by using the “Donate Now” button at www.westernunionfoundation.org. Consumers should select the Oklahoma Tornado Relief option.

Additionally, the Western Union Company has set up a no-fee* Payments contribution account benefitting the American Red Cross. Donors can contribute to relief efforts by making a no-fee* Payments transaction at participating Western Union^® Agent locations, directed to the account, up to USD$5,000.

Donors will need to complete the Western Union blue Payments or Quick Pay form, using the company name “American Red Cross” or the code city, “REDCROSS DC.” Please write in, “Tornado Relief” as the account number.

"The tornado in Oklahoma has caused significant damage and loss of life, and we are responding with support and services to assist the relief efforts,” said Western Union Foundation President, Patrick Gaston . “Funds collected through Western Union will help the American Red Cross assist with critical initiatives such as providing food, water and shelter to the families and children most affected by the tornado.”

“We are committed to helping the communities we serve, and our thoughts are with the people of Oklahoma during this time of need. Over the coming weeks we will be working with Western Union Agents, employees and nonprofit partners to help the area recover and rebuild,” concluded Gaston.

*Western Union makes money on the exchange of currencies.

About The Western Union Foundation

The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all. With the support of The Western Union Company, its employees, Agents, and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief efforts as pathways toward a better future. Our combined social ventures efforts make life better for individuals, families and communities around the world. Since its inception, The Western Union Foundation has committed more than $86.9 million in grants and other giving to more than 2,627 nongovernmental organizations in more than 130 countries and territories. To learn more, visit www.westernunionfoundation.org.

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 March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories and approximately 100,000 ATMs. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

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Source: Western Union

Western Union

Andrew Silver, 1-720-332-4119

andrew.silver@westernunion.com

Western Union and Western Union Foundation Partner with UNICEF on PASS Initiative to Provide Young People with Access to Quality Education

Tue, 14 May 2013 08:30:00 -0400

AMSTERDAM--(BUSINESS WIRE)-- The Western Union Company (NYSE:WU), a leader in global payment services and Global Partner of the UEFA Europa League, and the Western Union Foundation today announced they will collaborate with UNICEF, the world’s leading international children’s organization. Western Union’s PASS Initiative turns every successful pass in the UEFA Europa League competition into funding that supports education for young people around the world.

The PASS Initiative is fronted by former international football star Patrick Vieira . It started during the Group Stage of the UEFA Europa League Season 2012-13, which kicked off on September 20, 2012. The season concludes May 15, 2013 with the UEFA Europa League Final 2013 between Chelsea FC and SL Benfica at the Amsterdam ArenA.

The PASS Initiative is expected to run for the three years of Western Union’s sponsorship of the UEFA Europa League until 2015. Through the program, Western Union is committed to supporting education in select countries around the world.

The collaboration with UNICEF will initially focus on education programs in Nigeria, Jamaica and Turkey. Funding will support UNICEF projects, including teacher training and curriculum development; financial literacy, vocational and life skills training for adolescents; school improvements; and more. Western Union Foundation grants will enable UNICEF to scale these interventions, aiming to provide access to one million days of education for children.

On the evening of the UEFA Europa League Final 2013, Chelsea FC and Nigeria striker Victor Moses , who’s so far contributed 161 passes, said: “Western Union’s PASS Initiative has done a great job in helping bring education to even the most underprivileged countries, and I've been honored to be a part of such a fantastic campaign. The UEFA Europa League is a massive tournament and we’re all looking forward to what should be a great final.”

“We are grateful for Western Union’s continued support of UNICEF,” said Tim Hunter , International Fundraising Director at UNICEF. “This expanded commitment to education will help UNICEF invest in training teachers, and provide vocational and life skills guidance to improve young people’s chances of completing school and successfully transition into the workplace as adults. We are proud to work with Western Union to help more children access a quality education and transform their lives.”

“Moving money for better is at the heart of what we do, and education is one of the main reasons our customers send money,” said Diane Scott , Executive Vice President, Chief Product and Marketing Officer, Western Union, and a member of the Western Union Foundation Board of Directors. “PASS harnesses the power of football to raise awareness of unmet educational needs, and with UNICEF we can impact the lives of secondary school students around the world.”

“Where I come from, opportunities for a quality education are rare,” explained Vieira, the former AS Cannes, AC Milan, Arsenal FC, Juventus FC, FC Internazionale Milano, Manchester City FC and French international player. Vieira is currently football development executive at Manchester City FC. “Football was my ticket to success, but for the vast majority of young people, education is the key that allows them to become whatever they want to be. That’s why I support this campaign. It will benefit students, teachers and schools in places like Senegal, where I was born and lived until moving to France at the age of eight.”

In support of PASS, Western Union has been carrying out a marketing and communications program for its customers and UEFA Europa League fans from around the world. Fans can learn more at www.wu-pass.org or join the conversation on Twitter @wu_pass.

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 March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 Agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

About the Western Union Foundation

The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all. With The Western Union Company, its employees, Agents and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief. Since its inception, The Western Union Foundation has committed more than $85.2 million in grants and other giving to 2,591 nongovernmental organizations in more than 130 countries. To learn more, visit www.westernunionfoundation.org.

About Western Union’s UEFA Europa League Sponsorship

In July 2012, Western Union announced a three year deal as the new Global Partner and the Presenting Sponsor of the UEFA Europa League. This sponsorship of the world’s largest club competition, comprising 193 professional football teams from 53 countries, provides Western Union with a unique opportunity for worldwide brand visibility, with the competition broadcast in more than 200 countries and territories, and enjoying a global live match unique reach of 634 million per season. This will allow Western Union, with its extensive network of approximately 515,000 Agent locations in over 200 countries and territories, to engage its customers and Agents in the excitement of the UEFA Europa League. The agreement also provides video, digital and social media content opportunities, and use of the UEFA Europa League brand assets. This partnership will run to the UEFA Europa League Final in 2015.

About UNICEF

UNICEF works in more than 190 countries and territories to help children survive and thrive, from early childhood through adolescence. The world’s largest provider of vaccines for developing countries, UNICEF supports child health and nutrition, good water and sanitation, quality basic education for all boys and girls, and the protection of children from violence, exploitation and AIDS. UNICEF is funded entirely by the voluntary contributions of individuals, businesses, foundations and governments. For more information about UNICEF and its work visit: www.unicef.org.

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Source: The Western Union Company

The Western Union Company

Simon Kleine

Vice President, Corporate Communications

T: 44 (0)7725 206 640

E: Simon.Kleine@westernunion.com

or

Claire Treacy

Senior Manager, Corporate Communications

T: 44 (0)7808 243 380

E: Claire.Treacy@westernunion.com

Western Union Brings Home the Gold with Four Prepaid Awards

Thu, 09 May 2013 08:00:00 -0400

Company garners top honors in U.S., Europe, Asia Pacific

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Western Union, a leader in global payments, today announced that it has won four separate awards for its stored-value programs.

The four awards are:

A PayBefore Europe Best-in-Category Award for “Best Prepaid Incentive, Reward, Rebate or Loyalty Card Program” for the Western Union MyWU Prepaid Card;
The Gold Medal PYMNTS.com Award for “Best Prepaid Innovation,” recognizing the company’s rapid expansion of its stored-value programs in 12 countries;
The PayBefore Award for “Best Network-Branded Gift Card,” a nod to the company’s unique “Gift and Greeting Card” program in the U.S.;
The Banking & Payments Asia Trailblazer Award for “Product Excellence in Prepaid Payment” for the introduction of general-purpose reloadable (GPR) accounts in the Philippines and India.

Western Union received the Gold award for “Best Prepaid Innovation” at PYMNTS.com’s Innovation Project in March at Harvard University, where the company also announced the launch of the Western Union® Global Share platform. The platform enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies. At the event, Western Union also announced partnerships with six companies to develop solutions to meet a variety of unmet needs.

All of the awards recognize Western Union’s continued excellence in stored value innovation and the company’s uniquely tailored solutions that meet unmet needs in the marketplace.

“Western Union is evolving into a multi-product, multi-channel company,” said Mike Hafer, senior vice president, Global Stored Value. “The introduction of stored-value solutions like our prepaid accounts is part of that transformation. Our vision is to be the premier financial services provider to people with unmet needs, and these awards are proof that we are making significant progress in achieving that vision.”

Western Union’s stored-value products and services are available in 12 countries, including Argentina, Austria, Costa Rica, El Salvador, Germany, Guatemala, India, Panama, Peru, the Philippines, UK and the U.S. For more information, visit www.business.westernunion.com/storedvalue.

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 March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

WU-G

Source: Western Union

Western Union
Kristin Kelly, 720-332-4751
kristin.kelly@westernunion.com

Western Union to Present at the J.P. Morgan Global Technology, Media and Telecom Conference on May 16

Wed, 08 May 2013 11:00:00 -0400

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU) announced that the company will present at the J.P. Morgan Global Technology, Media and Telecom Conference on May 16, 2013 in Boston. The presentation will begin at 10:40 a.m. Eastern Time and will include comments from Scott Scheirman , Executive Vice President and CFO.

Investors and interested parties will be able to listen to the investor presentation via webcast from http://www.westernunion.com, under the investor relations section. The archived webcast will be available approximately one hour after the conclusion of the presentation.

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 March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

WU-F, WU-G

Source: Western Union

Western Union

Media:

Dan Díaz, 720-332-5564

daniel.diaz@westernunion.com

or

Investors:

Mike Salop, 720-332-8276

mike.salop@westernunion.com

The Western Union Foundation Announces its Commitment to Grants Supporting Global Education

Tue, 07 May 2013 08:30:00 -0400

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Foundation has furthered its commitment to increasing access and improving the quality of education globally through its 2013 first quarter grant commitment of more than US$1.2 million to nonprofit non-governmental organizations (NGOs).

To address the lack of quality global education, The Western Union Company and The Western Union Foundation have launched a new program called Education for Better, a three-year commitment to growing young minds through strategic grants that focus on secondary education and vocational training. As part of this commitment, the Western Union Foundation pledged an average of $10,000 per day for more than 1,000 days in potential grant funding.

“The lack of universal access to quality education is a significant problem with a very clear solution,” said Patrick Gaston , president of the Western Union Foundation. “Through Education for Better, we look forward to making a direct impact through our grant-making and developing collaborations with NGOs, business partners and the public sectors that are committed to expanding educational opportunities for global communities.”

For 774 million people around the world, the lack of education is a barrier to economic inclusion¹. In Sub-Saharan Africa, as many as 73 percent of students don’t attend secondary school, largely due to cost². And, in Europe, one in five students don’t reach minimum skill levels to function in society³.

Western Union’s Agents are already rallying around the Education for Better cause, matching Western Union Foundation grants to support education in Africa, Asia Pacific, the Middle East and the Americas. The Western Union Foundation works closely with Western Union’s Agents around the world to support educational goals.

To address these issues, following is a sample of the NGOs that the foundation has committed to support in Q1 2013:

Africa: In Kenya, a grant will support KickStart, a program that focuses on small business training for farmers to help them learn skills to increase their income.

Asia: The Western Union Foundation will support Give2Asia programs that focus on vocational education for low-income families in China, India, the Philippines, and Fiji/Samoa.

Europe: A grant to the Vielfalter Initiative will support cultural diversity education in more than 100 schools throughout Austria.

India: Through Divya Chaya Trust, a grant will support computer literacy programs, English training, and career counseling, helping youth from economically weak families secure opportunities for higher education and vocational training.

Sources: 1. United Nations Educational, Scientific and Cultural Organization (UNESCO), 2. Global Campaign for Education 3. Equity and Quality in Education: Supporting Disadvantaged Students and School, OECD, 2012

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 March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

About The Western Union Foundation

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WU-P

Source: Western Union

Western Union

Kelly Behm, 1 720-332-1269

kelly.behm@westernunion.com

Western Union to Present at the Jefferies Global Technology, Media and Telecom Conference

Thu, 02 May 2013 11:00:00 -0400

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU) announced that the company will present at the Jefferies Global Technology, Media and Telecom Conference on May 8, 2013 in New York. The presentation will begin at 1:30 p.m. Eastern time and will include comments from Hikmet Ersek , President and CEO.

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 March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, www.westernunion.com.

WU-F, WU-G

Source: Western Union

Western Union

Media:

Dan Díaz, 720-332-5564

daniel.diaz@westernunion.com

or

Investors:

Mike Salop, 720-332-8276

mike.salop@westernunion.com

Western Union Reports First Quarter Results

Tue, 30 Apr 2013 16:01:00 -0400

Revenue $1.3 Billion, Earnings per Share $0.37

$260 Million Returned to Shareholders through Repurchases and Dividends

2013 Full Year Financial Outlook Affirmed

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU) today reported financial results for the 2013 first quarter. The Company also affirmed its full year financial outlook provided on February 12, 2013.

“The first quarter provided signs that we are making progress with our strategies to strengthen consumer money transfer, increase customers and usage in business-to-business, and generate and deploy strong cash flow for our shareholders,” said President and Chief Executive Officer Hikmet Ersek . “Our strategic pricing investments in consumer money transfer are working, electronic channels continue to expand at a robust pace, and Business Solutions delivered solid results. As we stated in February, we expect 2013 to be a transitional year as we implement key strategic actions, but we remain confident these actions will drive revenue and profit growth in 2014 and beyond.”

In the first quarter revenues declined 5%, or 4% on a constant currency basis. The revenue decline was primarily driven by the Consumer-to-Consumer (C2C) segment, which was impacted by pricing investments and compliance related changes. C2C revenues declined 7%, including a negative 2% impact from the Vigo and Orlandi Valuta brands and a negative 1% impact from currency.

Total C2C transactions decreased 2%, primarily due to the impact of compliance related changes implemented in the third quarter of 2012 that affected the Vigo and Orlandi Valuta brands. Western Union branded C2C transactions increased 2%. Pricing investments in key corridors increased transaction growth as anticipated; however, these benefits were partially offset by the impact of compliance related actions in various corridors, softness in certain markets, and challenging prior year comparisons. The Company expects C2C transaction trends to improve sequentially throughout the remainder of 2013, driven by increased traction from the pricing investments, the rollout of added capabilities in the online business, and expansion of the agent network.

Consumer-to-Business (C2B) revenues declined 1%, including a negative 4% impact from currency. Western Union Business Solutions revenues increased 7%, with no impact from currency translation.

GAAP operating margin was 22.4%, which compares to 23.9% in the first quarter of 2012. The Company expects 2013 full year operating margins of approximately 20%, but the first quarter margin benefited from the timing of certain expenses. Earnings per share of $0.37 compares to $0.40 in the prior year period.

Progress on 2013 Key Strategies

Strengthen consumer money transfer

The increased pricing investments intended to regain customer momentum are meeting the Company’s transaction volume objectives. In the fourth quarter of 2012, approximately 50% of the planned pricing investments for the year were initiated in select corridors. In the first quarter total C2C transactions increased in the low teens in these corridors. By the end of the first quarter, approximately 75% of the planned pricing investments for the year had been initiated.

Pricing investments in Mexico are delivering targeted results, and the Company also signed new agents to expand its network in the country. Western Union branded transactions in Mexico increased 9% in the first quarter, which compares to a 2% growth rate in the fourth quarter, despite softness in the overall Mexico remittance market.

Electronic channels continued to expand, with revenue growth of 18% in the quarter. Westernunion.com online money transfer transactions increased 60%, and transactions from account based money transfer through banks increased 45%.

Increase customers and usage in business-to-business

Enhanced go-to-market processes and execution are aiding Western Union Business Solutions growth. In the first quarter, the 7% revenue increase in business-to-business was driven by incremental customer hedging activity and the addition of the Travelex Global Business Payments (TGBP) business in France, which was acquired in the second quarter of 2012. New products and services continue to be introduced, including cash management tools for small and medium-sized business clients and currency options in the U.K.

Generate and deploy strong cash flow for shareholders

Cash flow from operating activities was $237 million in the quarter. The Company returned $260 million to shareholders, consisting of $190 million of share repurchases and $70 million of dividends.

The Company expects to generate cash flow from operating activities of approximately $900 million in 2013, or approximately $1 billion excluding final tax payments related to the agreement announced with the Internal Revenue Service in December 2011 (IRS Agreement). Full year share repurchases and dividends are expected to total approximately $700 million, which represents approximately 8% of current market capitalization.

2013 Full Year Outlook

The Company affirms its full year outlook for 2013 provided on February 12:

Revenue and C2C Transactions

Low single digit constant currency revenue declines
Consumer money transfer pricing investments of approximately $300 million, or 5% of total Company revenue, are reflected in the outlook
Mid to high single digit Western Union brand C2C transaction increases
Overall C2C transaction growth approximately 2 percentage points lower than the Western Union brand due to declines from Vigo and Orlandi Valuta resulting from compliance related actions

Operating Margins

GAAP operating margin of approximately 20%
EBITDA margin of approximately 24.5%

Tax Rate

Effective tax rate of approximately 15%

Earnings per Share

GAAP EPS in a range of $1.33 to $1.43

Cash Flow

Cash flow from operating activities of approximately $900 million, or approximately $1 billion excluding anticipated final tax payments of approximately $100 million relating to the IRS Agreement.

Additional Statistics

Additional key statistics for the quarter and historical trends can be found in the supplemental tables included with this press release.

Non-GAAP Measures

Western Union presents a number of non-GAAP financial measures because management believes that these metrics provide meaningful supplemental information in addition to the GAAP metrics and provide comparability and consistency to prior periods. These non-GAAP financial measures include revenue change constant currency adjusted; 2013 EBITDA margin outlook; 2013 operating cash flow outlook IRS Agreement adjusted; and additional measures found in the supplemental schedule included with this press release.

Reconciliations of non-GAAP to comparable GAAP measures are available in the accompanying schedules and in the “Investor Relations” section of the Company’s website at http://ir.westernunion.com.

EBITDA

Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) results from taking operating income and adjusting for depreciation and amortization expenses. EBITDA results provide an additional performance measurement calculation which helps neutralize the operating income effect of assets acquired in prior periods.

Currency

Constant currency results assume foreign revenues and expenses are translated from foreign currencies to the U.S. dollar, net of the effect of foreign currency hedges, at rates consistent with those in the prior year. Constant currency results also assume any benefit or loss caused by foreign exchange fluctuations between foreign currencies and the U.S. dollar, net of the effect of foreign currency hedges, would have been consistent with the prior year. Additionally, the measurement assumes the impact of fluctuations in foreign currency derivatives not designated as hedges and the portion of fair value that is excluded from the measure of effectiveness for those contracts designated as hedges is consistent with the prior year.

Investor and Analyst Conference Call and Slide Presentation

The Company will host a conference call and webcast, including slides, at 4:30 p.m. Eastern Time today. To listen to the conference call via telephone, dial 1 (888) 317-6003 (U.S.) or +1 (412) 317-6061 (outside the U.S.) ten minutes prior to the start of the call. The pass code is 5745293.

The conference call and accompanying slides will be available via webcast at http://ir.westernunion.com. Registration for the event is required, so please register at least five minutes prior to the scheduled start time.

A replay of the call will be available approximately one hour after the call ends through May 14, 2013, at 1 (877) 344-7529 (U.S.) or +1 (412) 317-0088 (outside the U.S.). The pass code is 5745293. A webcast replay will be available at http://ir.westernunion.com.

Please note: All statements made by Western Union officers on this call are the property of Western Union and subject to copyright protection. Other than the replay, Western Union has not authorized, and disclaims responsibility for, any recording, replay or distribution of any transcription of this call.

Safe Harbor Compliance Statement for Forward-Looking Statements

This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook” and other similar expressions or future or conditional verbs such as “will,” “should,” “would” and “could” are intended to identify such forward-looking statements. Readers of this press release by The Western Union Company (the “Company,” “Western Union,” “we,” “our” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the “Risk Factors” section and throughout the Annual Report on Form 10-K for the year ended December 31, 2012. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement.

Possible events or factors that could cause results or performance to differ materially from those expressed in our forward-looking statements include the following: (i) events related to our business and industry, such as: deterioration in consumers' and clients' confidence in our business, or in money transfer and payment service providers generally; changes in general economic conditions and economic conditions in the regions and industries in which we operate, including global economic and trade downturns and financial market disruptions; political conditions and related actions in the United States and abroad which may adversely affect our business and economic conditions as a whole; failure to compete effectively in the money transfer and payment service industry with respect to global and niche or corridor money transfer providers, banks and other money transfer and payment service providers, including telecommunications providers, card associations, card-based payment providers and electronic and Internet providers; the pricing of our services and any pricing reductions, and their impact on our consumers and our financial results; our ability to adapt technology in response to changing industry and consumer needs or trends; our failure to develop and introduce new services and enhancements, and gain market acceptance of such services; changes in, and failure to manage effectively, exposure to foreign exchange rates, including the impact of the regulation of foreign exchange spreads on money transfers and payment transactions; interruptions of United States government relations with countries in which we have or are implementing significant business relationships with agents or clients; changes in immigration laws, interruptions in immigration patterns and other factors related to migrants; mergers, acquisitions and integration of acquired businesses and technologies into our Company, including Travelex Global Business Payments, and the realization of anticipated financial benefits from these acquisitions, and events requiring us to write down our goodwill; decisions to change our business mix; failure to manage credit and fraud risks presented by our agents, clients and consumers or non-performance by our banks, lenders, other financial services providers or insurers; adverse movements and volatility in capital markets and other events which affect our liquidity, the liquidity of our agents or clients, or the value of, or our ability to recover our investments or amounts payable to us; any material breach of security or safeguards of or interruptions in any of our systems; our ability to attract and retain qualified key employees and to manage our workforce successfully; our ability to maintain our agent network and business relationships under terms consistent with or more advantageous to us than those currently in place; adverse rating actions by credit rating agencies; our ability to realize the anticipated benefits from productivity and cost-savings and other related initiatives, which may include decisions to downsize or to transition operating activities from one location to another, and to minimize any disruptions in our workforce that may result from those initiatives; our ability to protect our brands and our other intellectual property rights; our failure to manage the potential both for patent protection and patent liability in the context of a rapidly developing legal framework for intellectual property protection; changes in tax laws and unfavorable resolution of tax contingencies; cessation of or defects in various services provided to us by third-party vendors; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate; and changes in industry standards affecting our business; (ii) events related to our regulatory and litigation environment, such as: the failure by us, our agents or their subagents to comply with laws and regulations, including regulatory or judicial interpretations thereof, designed to detect and prevent money laundering, terrorist financing, fraud and other illicit activity, and increased costs or loss of business associated with compliance with those laws and regulations; changes in United States or foreign laws, rules and regulations including the Internal Revenue Code, governmental or judicial interpretations thereof and industry practices and standards, including the impact of the Foreign Account Tax Compliance provisions of the Hiring Incentives to Restore Employment Act; liabilities resulting from a failure of our agents or their subagents to comply with laws and regulations; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and standards affecting us, our agents, or their subagents; liabilities and unanticipated developments resulting from governmental investigations and consent agreements with, or enforcement actions by, regulators, including those associated with compliance with, failure to comply with, or extension of, the settlement agreement with the State of Arizona; the impact on our business from the Dodd-Frank Wall Street Reform and Consumer Protection Act, the rules promulgated there-under, and the actions of the Consumer Financial Protection Bureau; liabilities resulting from litigation, including class-action lawsuits and similar matters, including costs, expenses, settlements and judgments; failure to comply with regulations regarding consumer privacy and data use and security; effects of unclaimed property laws; failure to maintain sufficient amounts or types of regulatory capital to meet the changing requirements of our regulators worldwide; and changes in accounting standards, rules and interpretations; and (iii) other events, such as: adverse tax consequences from our spin-off from First Data Corporation; catastrophic events; and management's ability to identify and manage these and other risks.

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 March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.


THE WESTERN UNION COMPANY
KEY STATISTICS
(Unaudited)

		Notes*	1Q12		2Q12		3Q12		4Q12		FY2012		1Q13

Consolidated Metrics
	Consolidated revenues (GAAP) - YoY % change		9	%	4	%	1	%	0	%	3	%	(5	)%
	Consolidated revenues (constant currency) - YoY % change	a	9	%	7	%	3	%	0	%	5	%	(4	)%
	Agent locations		495,000		510,000		510,000		510,000		510,000		515,000

Consumer-to-Consumer (C2C) Segment
	Revenues (GAAP) - YoY % change		4	%	0	%	(4	)%	(2	)%	(1	)%	(7	)%
	Revenues (constant currency) - YoY % change	c	5	%	3	%	(1	)%	(2	)%	1	%	(6	)%
	Operating margin		27.7	%	28.5	%	29.4	%	25.0	%	27.6	%	25.4	%

	Transactions (in millions)		56.37		58.49		57.47		58.65		230.98		55.44
	Transactions - YoY% change		7	%	4	%	0	%	(1	)%	2	%	(2	)%

	Total principal ($ - billions)		19.5		20.1		19.7		20.0		79.3		18.9
	Principal per transaction ($ - dollars)		346		344		342		341		343		341
	Principal per transaction - YoY % change		(4	)%	(6	)%	(6	)%	(2	)%	(5	)%	(1	)%
	Principal per transaction (constant currency) - YoY % change	d	(3	)%	(3	)%	(3	)%	(2	)%	(3	)%	(1	)%

	Cross-border principal ($ - billions)		17.5		18.2		17.6		18.0		71.3		16.9
	Cross-border principal - YoY % change		2	%	(2	)%	(7	)%	(3	)%	(3	)%	(3	)%
	Cross-border principal (constant currency) - YoY % change	e	3	%	1	%	(4	)%	(2	)%	0	%	(3	)%

	Europe and CIS region revenues - YoY % change	l, m	0	%	(8	)%	(9	)%	(5	)%	(6	)%	(6	)%
	Europe and CIS region transactions - YoY % change	l, m	1	%	(2	)%	(3	)%	0	%	(1	)%	(1	)%

	North America region revenues - YoY % change	l, n	5	%	0	%	(8	)%	(9	)%	(3	)%	(15	)%
	North America region transactions - YoY % change	l, n	6	%	2	%	(5	)%	(6	)%	(1	)%	(7	)%

	Middle East and Africa region revenues - YoY % change	l, o	6	%	3	%	0	%	3	%	3	%	0	%
	Middle East and Africa region transactions - YoY % change	l, o	9	%	9	%	4	%	6	%	7	%	4	%

	APAC region revenues - YoY % change	l, p	7	%	4	%	1	%	0	%	3	%	(5	)%
	APAC region transactions - YoY % change	l, p	6	%	5	%	2	%	0	%	3	%	0	%

	LACA region revenues - YoY % change	l, q	2	%	5	%	4	%	2	%	3	%	(7	)%
	LACA region transactions - YoY % change	l, q	8	%	5	%	(2	)%	(5	)%	1	%	(10	)%

	westernunion.com region revenues - YoY % change	l, r	39	%	23	%	22	%	16	%	24	%	13	%
	westernunion.com region transactions - YoY % change	l, r	41	%	35	%	40	%	46	%	41	%	60	%

	International revenues - YoY % change	s	4	%	(1	)%	(2	)%	1	%	0	%	(2	)%
	International transactions - YoY % change	s	7	%	5	%	2	%	3	%	4	%	1	%
	International revenues - % of C2C segment revenues	s	69	%	69	%	71	%	73	%	71	%	72	%

	United States originated revenues - YoY % change	t	6	%	1	%	(6	)%	(11	)%	(3	)%	(17	)%
	United States originated transactions - YoY % change	t	6	%	2	%	(4	)%	(5	)%	0	%	(5	)%
	United States originated revenues - % of C2C segment revenues	t	31	%	31	%	29	%	27	%	29	%	28	%

	Electronic channels revenues - YoY % change	u	38	%	26	%	25	%	22	%	27	%	18	%

Consumer-to-Business (C2B) Segment
	Revenues (GAAP) - YoY % change		1	%	(3	)%	(5	)%	(1	)%	(2	)%	(1	)%
	Revenues (constant currency) - YoY % change	f	3	%	0	%	(2	)%	2	%	1	%	3	%
	Operating margin		26.5	%	22.4	%	25.3	%	17.0	%	22.8	%	24.7	%

Business Solutions (B2B) Segment
	Revenues (GAAP) - YoY % change		**		**		**		**		**		7	%
	Revenues (constant currency) - YoY % change	g	**		**		**		**		**		7	%
	Operating margin		(17.0	)%	(15.7	)%	(7.9	)%	(19.4	)%	(14.9	)%	(6.7	)%
	Depreciation and amortization		15.2		15.4		17.4		17.7		65.7		15.3
	TGBP integration expense	v	6.4		14.5		10.3		11.6		42.8		3.9

% of Total Company Revenue
	Consumer-to-Consumer segment revenues		81	%	81	%	81	%	81	%	81	%	79	%
	Consumer-to-Business segment revenues		11	%	11	%	10	%	11	%	11	%	12	%
	Business Solutions segment revenues		6	%	6	%	7	%	6	%	6	%	7	%
	Consumer-to-Consumer region revenues:
	Europe and CIS revenues	l, m	22	%	22	%	22	%	22	%	22	%	21	%
	North America revenues	l, n	21	%	21	%	20	%	19	%	20	%	19	%
	Middle East and Africa revenues	l, o	15	%	15	%	15	%	16	%	15	%	16	%
	APAC revenues	l, p	12	%	12	%	12	%	12	%	12	%	12	%
	LACA revenues	l, q	9	%	9	%	9	%	9	%	9	%	8	%
	westernunion.com revenues	l, r	2	%	2	%	3	%	3	%	3	%	3	%
	Electronic channels revenues	u	3	%	3	%	4	%	4	%	4	%	4	%
	Prepaid revenues	w	1	%	1	%	1	%	1	%	1	%	1	%
	Marketing expense	x	3.8	%	3.7	%	4.2	%	5.1	%	4.2	%	3.9	%

* See page 13 of the press release for the applicable Note references and the reconciliation of non-GAAP financial measures.

** Calculation of growth percentage is not meaningful due to the impact of the TGBP acquisition in November 2011.


THE WESTERN UNION COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(in millions, except per share amounts)

		Three Months Ended March 31,
		2013			2012			% Change
Revenues:
	Transaction fees	$	978.0		$	1,040.9		(6	)%
	Foreign exchange revenues		312.4			322.6		(3	)%
	Other revenues		35.0			29.9		17	%
Total revenues			1,325.4			1,393.4		(5	)%

Expenses:
	Cost of services		759.4			783.0		(3	)%
	Selling, general and administrative		269.1			277.9		(3	)%
Total expenses			1,028.5			1,060.9		(3	)%

Operating income			296.9			332.5		(11	)%

Other income/(expense):
	Interest income		0.4			1.5		(73	)%
	Interest expense		(48.9	)		(44.4	)	10	%
	Derivative gains, net		0.5			1.6		(69	)%
	Other income/(expense), net		1.3			(1.1	)	(a)
Total other expense, net			(46.7	)		(42.4	)	10	%

Income before income taxes			250.2			290.1		(14	)%
Provision for income taxes			38.2			42.8		(11	)%

Net income		$	212.0		$	247.3		(14	)%

Earnings per share:
	Basic	$	0.37		$	0.40		(8	)%
	Diluted	$	0.37		$	0.40		(8	)%

Weighted-average shares outstanding:
	Basic		567.6			619.1
	Diluted		569.7			621.9

Cash dividends declared per common share		$	0.125		$	0.10		25	%

__________
(a)	Calculation not meaningful.


THE WESTERN UNION COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in millions, except per share amounts)



		March 31, 2013			December 31, 2012
Assets
Cash and cash equivalents (a)		$	1,417.1		$	1,776.5
Settlement assets			3,319.2			3,114.6
Property and equipment, net of accumulated depreciation of
	$402.2 and $384.5, respectively		198.7			196.1
Goodwill			3,178.5			3,179.7
Other intangible assets, net of accumulated amortization of
	$562.3 and $519.7, respectively		863.3			878.9
Other assets			384.9			319.9
Total assets		$	9,361.7		$	9,465.7

Liabilities and Stockholders' Equity
Liabilities:
	Accounts payable and accrued liabilities	$	524.2		$	556.2
	Settlement obligations		3,319.2			3,114.6
	Income taxes payable		228.5			218.3
	Deferred tax liability, net		354.0			352.1
	Borrowings		3,726.8			4,029.2
	Other liabilities		291.4			254.7
Total liabilities			8,444.1			8,525.1

Stockholders' equity:
	Preferred stock, $1.00 par value; 10 shares authorized;
	no shares issued		—			—
	Common stock, $0.01 par value; 2,000 shares authorized;
	559.4 shares and 572.1 shares issued and outstanding as of
	March 31, 2013 and December 31, 2012, respectively		5.6			5.7
	Capital surplus		342.9			332.8
	Retained earnings		702.8			754.7
	Accumulated other comprehensive loss		(133.7	)		(152.6	)
Total stockholders' equity			917.6			940.6
Total liabilities and stockholders' equity		$	9,361.7		$	9,465.7

__________
(a)	Approximately $870 million was held by entities outside of the United States as of March 31, 2013.


THE WESTERN UNION COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in millions)

			Three Months Ended March 31,
			2013			2012

Cash Flows From Operating Activities
Net income			$	212.0		$	247.3
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation			15.4			15.3
	Amortization			47.5			48.6
	Other non-cash items, net			9.3			1.6
	Increase/(decrease) in cash, excluding the effects of acquisitions, resulting from changes in:
		Other assets		(10.4	)		(10.1	)
		Accounts payable and accrued liabilities		(36.1	)		(35.7	)
		Income taxes payable (a)		7.3			(40.1	)
		Other liabilities		(7.7	)		(11.9	)
Net cash provided by operating activities				237.3			215.0

Cash Flows From Investing Activities
Capitalization of contract costs				(11.8	)		(55.8	)
Capitalization of purchased and developed software				(8.8	)		(5.8	)
Purchases of property and equipment				(17.3	)		(14.2	)
Net cash used in investing activities				(37.9	)		(75.8	)

Cash Flows From Financing Activities
Proceeds from exercise of options				1.7			41.2
Cash dividends paid				(70.3	)		(61.6	)
Common stock repurchased				(190.2	)		(146.8	)
Net proceeds from commercial paper				—			53.0
Principal payments on borrowings				(300.0	)		—
Net cash used in financing activities				(558.8	)		(114.2	)

Net change in cash and cash equivalents				(359.4	)		25.0
Cash and cash equivalents at beginning of period				1,776.5			1,370.9
Cash and cash equivalents at end of period			$	1,417.1		$	1,395.9

__________
(a)		The Company made tax payments of approximately $65 million in the first quarter of 2012 due to the December 2011 agreement with the United States Internal Revenue Services ("IRS") resolving substantially all of the issues related to the restructuring of our international operations in 2003 ("IRS Agreement").


THE WESTERN UNION COMPANY
SUMMARY SEGMENT DATA
(Unaudited)
(in millions)

			Three Months Ended March 31,
			2013			2012			% Change
Revenues:
	Consumer-to-Consumer (C2C):
		Transaction fees	$	809.6		$	872.0		(7	)%
		Foreign exchange revenues		225.6			239.4		(6	)%
		Other revenues		15.0			13.2		14	%
	Total Consumer-to-Consumer:			1,050.2			1,124.6		(7	)%

	Consumer-to-Business (C2B):
		Transaction fees		145.8			147.7		(1	)%
		Foreign exchange and other revenues		7.9			7.4		7	%
	Total Consumer-to-Business:			153.7			155.1		(1	)%

	Business Solutions (B2B):
		Foreign exchange revenues		84.0			80.1		5	%
		Transaction fees and other revenues		8.8			6.8		29	%
	Total Business Solutions:			92.8			86.9		7	%

	Other:
		Total revenues		28.7			26.8		7	%

Total consolidated revenues			$	1,325.4		$	1,393.4		(5	)%

Operating income/(loss):
	Consumer-to-Consumer		$	267.1		$	311.3		(14	)%
	Consumer-to-Business			37.9			41.1		(8	)%
	Business Solutions (a)			(6.2	)		(14.8	)	(b)
	Other			(1.9	)		(5.1	)	(b)
Total consolidated operating income			$	296.9		$	332.5		(11	)%


Operating income/(loss) margin:
	Consumer-to-Consumer			25.4	%		27.7	%	(2.3	)%
	Consumer-to-Business			24.7	%		26.5	%	(1.8	)%
	Business Solutions			(6.7	)%		(17.0	)%	10.3	%
Total consolidated operating income margin				22.4	%		23.9	%	(1.5	)%

Depreciation and amortization:
	Consumer-to-Consumer		$	41.9		$	42.8		(2	)%
	Consumer-to-Business			3.8			3.9		(3	)%
	Business Solutions			15.3			15.2		1	%
	Other			1.9			2.0		(5	)%
Total consolidated depreciation and amortization			$	62.9		$	63.9		(2	)%

__________
(a)		Business Solutions operating loss includes TGBP integration expense of $3.9 million and $6.4 million for the three months ended March 31, 2013 and 2012, respectively.
(b)		Calculation not meaningful.

THE WESTERN UNION COMPANY
NOTES TO KEY STATISTICS
(in millions, unless indicated otherwise)
(Unaudited)



Western Union's management believes the non-GAAP financial measures presented provide meaningful supplemental information regarding our operating results to assist management, investors, analysts, and others in understanding our financial results and to better analyze trends in our underlying business, because they provide consistency and comparability to prior periods.

A non-GAAP financial measure should not be considered in isolation or as a substitute for the most comparable GAAP financial measure. A non-GAAP financial measure reflects an additional way of viewing aspects of our operations that, when viewed with our GAAP results and the reconciliation to the corresponding GAAP financial measure, provide a more complete understanding of our business. Users of the financial statements are encouraged to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included below.

All adjusted year-over-year changes were calculated using prior year reported amounts, unless indicated otherwise.



				1Q12			2Q12			3Q12			4Q12			FY2012			1Q13
	Consolidated Metrics
(a)		Revenues, as reported (GAAP)		$	1,393.4		$	1,425.1		$	1,421.6		$	1,424.7		$	5,664.8		$	1,325.4
		Foreign currency translation impact (h)			8.1			34.6			37.7			13.4			93.8			12.3
		Revenues, constant currency adjusted		$	1,401.5		$	1,459.7		$	1,459.3		$	1,438.1		$	5,758.6		$	1,337.7
		Prior year revenues, as reported (GAAP)		$	1,283.0		$	1,366.3		$	1,410.8		$	1,431.3		$	5,491.4		$	1,393.4
		Pro forma prior year revenues, TGBP adjusted (i)		$	1,338.0		$	1,426.0		$	1,474.8		$	1,456.2		$	5,695.0			N/A
		Revenue change, as reported (GAAP)			9	%		4	%		1	%		0	%		3	%		(5	)%
		Revenue change, constant currency adjusted			9	%		7	%		3	%		0	%		5	%		(4	)%
		Pro forma revenue change, TGBP adjusted			4	%		0	%		(4	)%		(2	)%		(1	)%		N/A
		Pro forma revenue change, TGBP and constant currency adjusted			5	%		2	%		(1	)%		(1	)%		1	%		N/A

(b)		Operating income, as reported (GAAP)		$	332.5		$	345.9		$	365.6		$	286.0		$	1,330.0		$	296.9
		Reversal of depreciation and amortization (j)			63.9			59.0			61.2			62.0			246.1			62.9
		EBITDA (j)		$	396.4		$	404.9		$	426.8		$	348.0		$	1,576.1		$	359.8
		Operating income margin, as reported (GAAP)			23.9	%		24.3	%		25.7	%		20.1	%		23.5	%		22.4	%
		EBITDA margin			28.4	%		28.4	%		30.0	%		24.4	%		27.8	%		27.1	%


	Consumer-to-Consumer Segment
(c)		Revenues, as reported (GAAP)		$	1,124.6		$	1,155.0		$	1,151.5		$	1,153.2		$	4,584.3		$	1,050.2
		Foreign currency translation impact (h)			5.2			30.1			32.8			9.5			77.6			6.1
		Revenues, constant currency adjusted		$	1,129.8		$	1,185.1		$	1,184.3		$	1,162.7		$	4,661.9		$	1,056.3
		Prior year revenues, as reported (GAAP)		$	1,078.1		$	1,155.1		$	1,193.3		$	1,181.9		$	4,608.4		$	1,124.6
		Revenue change, as reported (GAAP)			4	%		0	%		(4	)%		(2	)%		(1	)%		(7	)%
		Revenue change, constant currency adjusted			5	%		3	%		(1	)%		(2	)%		1	%		(6	)%

(d)		Principal per transaction, as reported ($ - dollars)		$	346		$	344		$	342		$	341		$	343		$	341
		Foreign currency translation impact (h) ($ - dollars)			3			11			12			2			8			—
		Principal per transaction, constant currency adjusted ($ - dollars)		$	349		$	355		$	354		$	343		$	351		$	341
		Prior year principal per transaction, as reported ($ - dollars)		$	360		$	365		$	366		$	349		$	360		$	346
		Principal per transaction change, as reported			(4	)%		(6	)%		(6	)%		(2	)%		(5	)%		(1	)%
		Principal per transaction change, constant currency adjusted			(3	)%		(3	)%		(3	)%		(2	)%		(3	)%		(1	)%

(e)		Cross-border principal, as reported ($ - billions)		$	17.5		$	18.2		$	17.6		$	18.0		$	71.3		$	16.9
		Foreign currency translation impact (h) ($ - billions)			0.2			0.6			0.7			0.1			1.6			0.1
		Cross-border principal, constant currency adjusted ($ - billions)		$	17.7		$	18.8		$	18.3		$	18.1		$	72.9		$	17.0
		Prior year cross-border principal, as reported ($ - billions)		$	17.1		$	18.6		$	19.0		$	18.5		$	73.2		$	17.5
		Cross-border principal change, as reported			2	%		(2	)%		(7	)%		(3	)%		(3	)%		(3	)%
		Cross-border principal change, constant currency adjusted			3	%		1	%		(4	)%		(2	)%		0	%		(3	)%


	Consumer-to-Business Segment
(f)			Revenues, as reported (GAAP)	$	155.1		$	149.4		$	147.3		$	152.1		$	603.9		$	153.7
			Foreign currency translation impact (h)		2.9			3.5			4.2			4.9			15.5			5.9
			Revenues, constant currency adjusted	$	158.0		$	152.9		$	151.5		$	157.0		$	619.4		$	159.6
			Prior year revenues, as reported (GAAP)	$	153.2		$	153.5		$	155.3		$	153.9		$	615.9		$	155.1
			Revenue change, as reported (GAAP)		1	%		(3	)%		(5	)%		(1	)%		(2	)%		(1	)%
			Revenue change, constant currency adjusted		3	%		0	%		(2	)%		2	%		1	%		3	%

	Business Solutions Segment
(g)			Revenues, as reported (GAAP)	$	86.9		$	92.5		$	95.4		$	92.6		$	367.4		$	92.8
			Foreign currency translation impact (h)		(0.1	)		0.9			0.6			(1.0	)		0.4			0.2
			Revenues, constant currency adjusted	$	86.8		$	93.4		$	96.0		$	91.6		$	367.8		$	93.0
			Prior year revenues, as reported (GAAP)	$	27.9		$	31.4		$	33.6		$	68.2		$	161.1		$	86.9
			Pro forma prior year revenues, TGBP adjusted (i)	$	82.9		$	91.1		$	97.6		$	93.1		$	364.7			N/A
			Revenue change, as reported (GAAP)	**			**			**			**			**				7	%
			Revenue change, constant currency adjusted	**			**			**			**			**				7	%
			Pro forma revenue change, TGBP adjusted		5	%		2	%		(2	)%		(1	)%		1	%		N/A
			Pro forma revenue change, TGBP and constant currency adjusted		4	%		4	%		0	%		(2	)%		2	%		N/A

	2013 Outlook Metrics
			Operating income margin (GAAP)		20.0	%
			Depreciation and amortization impact		4.5	%
			EBITDA margin (j)		24.5	%

			Operating cash flow (GAAP)	$	900
			Payments on IRS Agreement (k)		100
			Operating cash flow, IRS Agreement adjusted	$	1,000

Non-GAAP related notes:
(h)			Represents the impact from the fluctuation in exchange rates between all foreign currency denominated amounts and the United States dollar. Constant currency results exclude any benefit or loss caused by foreign exchange fluctuations between foreign currencies and the United States dollar, net of foreign currency hedges, which would not have occurred if there had been a constant exchange rate.

(i)			Represents the pro forma incremental impact of Travelex Global Business Payments ("TGBP") on Consolidated and Business Solutions segment revenues. Pro forma revenues presents the results of operations of the Company and its Business Solutions segment as they may have appeared had the acquisition of TGBP occurred as of January 1, 2011. The pro forma information is provided for illustrative purposes only and does not purport to present what the actual results of operations would have been had the acquisition actually occurred on the date indicated. The results of operations for TGBP have been included in Consolidated and Business Solutions segment revenues from November 7, 2011, the date of acquisition.

(j)			Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) results from taking operating income and adjusting for depreciation and amortization expenses.

(k)			Represents the remaining tax payments of approximately $100 million the Company expects to make due to the December 2011 agreement with the IRS resolving substantially all of the issues related to the restructuring of our international operations in 2003.

Other notes:

(l)			Geographic split is determined based upon the region where the money transfer is initiated and the region where the money transfer is paid. For transactions originated and paid in different regions, the Company splits the transaction count and revenue between the two regions, with each region receiving 50%. For money transfers initiated and paid in the same region, 100% of the revenue and transactions are attributed to that region. For money transfers initiated through the Company’s websites (“westernunion.com”), 100% of the revenue and transactions are attributed to that business.

(m)			Represents the Europe and the Commonwealth of Independent States ("CIS") region of our Consumer-to-Consumer segment.

(n)			Represents the North America region of our Consumer-to-Consumer segment, including the United States, Mexico, and Canada.

(o)			Represents the Middle East and Africa region of our Consumer-to-Consumer segment.

(p)			Represents the Asia Pacific ("APAC") region of our Consumer-to-Consumer segment, including India, China, and South Asia.

(q)			Represents the Latin America and the Caribbean ("LACA") region of our Consumer-to-Consumer segment.

(r)			Represents transactions initiated on westernunion.com which are primarily paid out at Western Union agent locations in the respective regions.

(s)			Represents transactions between and within foreign countries (including Canada and Mexico). Excludes all transactions originated in the United States.

(t)			Represents transactions originated in the United States, including intra-country transactions.

(u)			Represents revenue generated from electronic channels, which include westernunion.com, account based money transfer and mobile money transfer (included in the various segments).

(v)			TGBP integration expense consists primarily of severance and other benefits, retention, direct and incremental expense consisting of facility relocation, consolidation and closures; IT systems integration; amortization of a transitional trademark license; and other expenses such as training, travel and professional fees. Integration expense does not include costs related to the completion of the TGBP acquisition.

(w)			Represents revenue from prepaid services. This revenue is included within Other.

(x)			Marketing expense includes advertising, events, costs to administer loyalty programs, and the cost of employees dedicated to marketing activities.

WU-F, WU-G

Source: Western Union

Western Union

Media

Dan Diaz, 720-332-5564

daniel.diaz@westernunion.com

or

Investors

Mike Salop, 720-332-8276

mike.salop@westernunion.com

Banorte Branches across Mexico Will Offer Western Union Global Money Transfer Services

Wed, 24 Apr 2013 18:30:00 -0400

Western Union Continues to Expand in Mexico;
New Relationship Enhances Banorte’s Remittance Payment Capabilities

MEXICO CITY & ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU), a leader in global payment services, and Banorte, one of the largest financial institutions in Mexico and a subsidiary of Grupo Financiero Banorte (BMV: GFNORTEO; OTCQX: GBOOY), today announced a five-year agreement that will allow Banorte to offer Western Union^® global money transferservices.

Banorte has more than 1,300 locations across Mexico. Western Union services will be offered at most Banorte locations, and will be initially available in select locations, followed by a nationwide rollout.

“The agreement with Western Union enhances our international payment services for our customers and their relatives that live abroad,” said Alejandro Valenzuela, CEO of Grupo Financiero Banorte. “We are very pleased with our new relationship with Western Union, which will position Banorte as one of the leaders in the international payments market.”

“Having Western Union services in Banorte branches will allow us to continue to grow and extend our reach to deliver dependable financial services to consumers across the country,” said Odilon Almeida, president, Americas, Western Union. “Western Union’s international scale, coupled with a globally-recognized brand known for speed and reliability, is the foundation that has allowed our organization to continue to grow our Agent network in Mexico, and around the world.”

Western Union has an extensive presence in Mexico, with a strategically combined network of Agent locations that include banks, national retail chains and independent locations. Western Union, in conjunction with its Orlandi Valuta and Vigo brands, connects consumers in Mexico to more than 510,000 Agent locations across 200 countries and territories worldwide.

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 December 31, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

About Grupo Financiero Banorte

Banorte was founded in 1899 in the city of Monterrey, where it first started operations as a small regional player. In 1992, in the banking privatization process, Banorte was acquired by a group of entrepreneurs leaded by Roberto Gonzalez Barrera. Through a series of key acquisitions after the Mexican financial crisis of the mid 1990’s, like Bancen and Banpaís in 1997 and Bancrecer in 2002, Banorte was able to consolidate a nationwide presence in Mexico. It now operates as a financial group known as Grupo Financiero Banorte (GFNorte), offering universal banking products and services in the Mexican financial system. Banorte is currently the third largest banking institution in Mexico measured by size of loans and deposits. It is the second largest provider of State & Municipal government and mortgage financing and the third largest provider of commercial loans. As well as increasing its market shares, Banorte has consolidated its position as one of Mexico's most profitable banks and is recognized for its strong fundamentals by showing sound asset quality, as well as high capitalization and liquidity levels.

With more than 22 million clients and a footprint of more than 1,300 branches and more than 6,700 ATMs nationwide, GFNorte’s main business line is retail banking, and it also provides a wide array of products and services through its broker dealer, annuities & insurance companies, retirements savings funds (Afore), mutual funds, leasing & factoring company and warehousing. GFNorte manages more than US $114 billion in assets and Banorte is the full retail bank, among the six largest institutions, that is controlled by Mexican shareholders. Its decisions are taken locally without the influence of international headquarters, which has proven to be an advantage given the recent weakness of many global institutions. In 2006, Banorte entered into the US Hispanic market through the purchase of Inter National Bank (INB), a Texas-based bank, and two remittance companies in 2007: Uniteller in New Jersey and Motran in California. Its strategic partnerships include the International Finance Corporation (IFC) at its banking subsidiary, the Mexican Social Security Institute (IMSS) at the retirement savings fund management business, and the Italian insurance company Generali at the insurance and annuities business. In January 2013, GFNorte finalized the acquisition of Afore Bancomer through Afore XXI Banorte, becoming the most relevant transaction to date in the retirement savings fund system, creating the most significant Afore in Mexico. GFNorte’s shares trade in the Mexican Stock Exchange (BMV) with the ticker “GFNORTEO”, in the Madrid Stock Exchange under the symbol “XNOR” and in the US ADR OTC market under “GBOOY”. For more information, visit www.banorte.com.

WU-G
WU-F

Source: Western Union

Western Union
Dan Diaz, 720-332-5564
daniel.diaz@westernunion.com
or
Grupo Financiero Banorte
David Suarez
david.suarez@banorte.com

Western Union Continues to Expand in Mexico

Wed, 17 Apr 2013 08:30:00 -0400

Western Union Money Transfer Services to Be Offered across Nearly 1,000 Bancoppel Locations

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU), a leader in global payment services, and Bancoppel, a leading financial and retail services institution in Mexico, today announced a five-year agreement that paves the way for Bancoppel to offer Western Union^® global money transfer services.

The Western Union services will be offered at nearly 1,000 Bancoppel locations across Mexico and will initially be available in stages across select locations, followed by a nationwide rollout.

“Mexico is a strategic market for Western Union,” said Odilon Almeida, president, Americas, Western Union. “We see a great opportunity to expand in Mexico through existing and new Agent relationships such as Bancoppel – while combining the strengths of our global brand and network to offer innovative financial solutions to consumers and businesses.”

“As part of Grupo Coppel, we share the commitment to provide exceptional customer service to the traditionally financial underserved population, understanding their needs and providing financial products tailored to their own lifestyles, such as credit and debit cards, checking accounts, personal loans, and investment instruments,” said Julio Carranza, chief executive officer of Bancoppel. “This approach is why our relationship with Western Union will help give our mutual customers more options, and the high quality service, that helps fulfill their financial services needs.”

Western Union has remained committed to the Mexico market, providing dependable financial services. Today, Western Union, Vigo and Orlandi Valuta services are offered in Mexico through a strategically combined network of Agent locations that include banks, national retail chains and independent locations. Western Union, in conjunction with its Orlandi Valuta and Vigo brands, connects consumers in Mexico to more than 510,000 Agent locations across 200 countries and territories.

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 December 31, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

About Bancoppel / Coppel

Bancoppel is the Banking subsidiary of Grupo Coppel. Since the decade of 1940’s Coppel has become one of Mexico’s largest and most renewed department store chain. Currently operates nearly 1,000 stores in different formats and has presence in more than 300 cities and all populations with more than 100,000 inhabitants. Coppel has a customer base of 22 million of which 9.7 million are credit active. For more information, visit http://www.bancoppel.com/.

WU-G

WU-F

Source: Western Union

Western Union
Dan Diaz, 1 720-332-5564
daniel.diaz@westernunion.com

Western Union to Release First Quarter Results on April 30, 2013

Thu, 04 Apr 2013 12:00:00 -0400

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU) announced today that President and CEO Hikmet Ersek will host a webcast and conference call to discuss first quarter 2013 results on April 30, 2013 at 4:30 p.m. Eastern time. Scott Scheirman , Executive Vice President and CFO, will also participate on the call. A press release highlighting the financial results will be issued at approximately 4:00 p.m. Eastern time the same day.

The webcast and slide presentation will be available at http://ir.westernunion.com. Registration for the event is required, so please register at least five minutes prior to the scheduled start time.

To listen to the conference call via telephone, dial 1 (888) 317-6003 (U.S.) or +1 (412) 317-6061 (outside the U.S.) ten minutes prior to the start of the call. The pass code is 5745293.

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 December 31 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

WU-F, WU-G

Source: Western Union

Western Union

Media

Dan Diaz, 1 720-332-5564

daniel.diaz@westernunion.com

or

Investors

Mike Salop, 1 720-332-8276

mike.salop@westernunion.com