Renewed Relationship Expanded to Include Online Account-Based Money
Transfer Services
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The
Western Union Company (NYSE: WU), a leader in global payment
services, today announced a multi-year renewal agreement with Woodforest
National Bank.
Under the terms of the agreement, Woodforest National Bank will continue
to offer the global Western Union Money Transfer®
service across its branch network. Woodforest will also introduce online
account-based Western Union Money Transfer transactions to
account holders in 2013.
“Our decision to renew our agreement with Western Union supports
Woodforest’s commitment to offer customers expanded financial services,”
said Julie V. Mayrant, president, retail division, Woodforest National
Bank. “We are pleased to continue to provide the convenience of the
Western Union global money transfer service across our banking centers,
and now online to all account holders.”
Western Union moves money in minutes to consumers in more than 200
countries and territories worldwide. Consumers can access Western Union
services through multiple channels, including banks, local retail
stores, www.westernunion.com,
and their mobile phones. Western Union services, which have evolved over
160 years, quickly and reliably connect people and businesses with each
other around the world.
Carter Hunt, senior vice president of commercial sales, Western Union,
added, “At Western Union, we are combining our traditional strengths – a
globally recognized brand and retail presence – with web, stored value
cards and accounts, mobile services and cross-border platforms to meet
the needs of today’s customers and global businesses.”
“Western Union understands the retail banking industry and works with
some of the world’s leading financial institutions,” continued Hunt. “We
look forward to continuing to work with Woodforest National Bank in
offering their customers global money transfer services.”
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 Woodforest National Bank
For over 30 years, Woodforest National Bank has successfully stood among
the strongest community banks in the nation, proudly offering
unsurpassed quality customer service since 1980. Woodforest National
Bank offers both consumer and business products and services at more
than 788 branches in 17 states across the United States. For more
information, visit www.woodforest.com.
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Source: Western Union