ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The Western Union Company (NYSE:WU), a leader in global payment
services, and business incubator and broker dealer IBInvestor, Inc.
today announced a strategic agreement to enable global businesses to
move money quickly and reliably across borders. Western
Union Business Solutions powers the iMoneywire.com
service, where clients can make and manage international payments 24
hours a day, seven days a week from their computers.
Western Union Business Solutions provides an online payments platform
that makes it easy for IBInvestor’s global strategic media partners and
its vast and growing readership to execute global business payments and
manage foreign exchange. Businesses can make payments in more than 135
currencies, check real-time exchange rates and fees, and receive live
customer support. The platform allows businesses to lock in exchange
rates, and the recipient receives the precise amount expected in the
selected currency.
“IBInvestor has quickly emerged as one of the most successful business
incubators, backing media companies globally with a combined reach of
more than 10 million unique monthly visitors,” said Raj Agrawal,
President, Western Union Business Solutions. “Its mission to empower
people to conduct global business aligns well with our mission and an
international payments platform is an important addition to their suite
of services.”
“Western Union has an expansive global presence, cross border payments
expertise, and transparent pricing,” said
David Enwright
, President,
IBInvestor. “With Western Union Business Solutions’ platform, iMoneywire
provides small and medium enterprises (SMEs) with the tools to compete
effectively in a global marketplace.”
iMoneywire is initially available to clients making payments from the
United States; the service will expand to other markets through local
media partners where both Western Union Business Solutions and
IBInvestor are present. iMoneywire will also offer news and information
for businesses seeking intelligence about the currency markets and
hedging tools.
Western
Union Business Solutions enables companies of all sizes to send and
receive international payments and manage foreign exchange, creating
unique solutions tailored to suit their FX needs. Businesses are
supported by a network of trading offices, strategic banking
relationships and a global clearing network.
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 April 24, 2012, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of approximately 500,000 agent locations in 200 countries and
territories. In 2011, The Western Union Company completed 226 million
consumer-to-consumer transactions worldwide, moving $81 billion of
principal between consumers, and 425 million business payments. For more
information, visit www.westernunion.com.
About IBInvestor
IBInvestor is one of the fastest growing business incubators and broker
dealers that provides support for successful development of global
companies through business services and financial support. IBInvestor
has backed companies ranging from retailers to global media publications
in emerging, high-growth markets. IBInvestor is a holding company of
IBTRADE, an established introducing broker registered with U.S.
Commodity Futures Trading Commission (CFTC) and a member of the National
Futures Association (NFA).
WU-F, WU-G
Source: Western Union