Renewed agreement includes Woodforest banks in 17 US states
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Western
Union (NYSE: WU), a leader in global payment services, today
announced the company has renewed its contract with Woodforest
National Bank, which has more than 740 branches with the majority of
their branches located inside Walmart stores. Woodforest National Bank,
headquartered in The Woodlands, Texas, operates in 17 states throughout
the U.S.
With this renewal, consumers will continue to have access to Western
Union Money Transfer® and bill payment services via the bank’s branches
and online banking website. Additionally, an expansion of online
services—to include Western Union® mobile money transfer available on
Woodforest’s mobile banking platform—is expected to launch in 2016.
Carter Hunt, Senior Vice President and General Manager, Western Union
U.S., said, “Western Union and Woodforest have collaborated for more
than a decade to bring convenience to consumers, and we remain committed
to meeting the needs of those who need to move money with speed, ease
and reliability.”
“The expanded financial services we have been able to offer through
Western Union have been a long-standing value added convenience to our
customers. We look forward to our continued relationship with Western
Union,” said Julie V. Mayrant, Woodforest’s President of Retail Banking.
Western Union offers banks a cost-effective and reliable way to meet
consumer demand to send money from bank accounts to be paid out almost
anywhere in the world.
The company’s cross-border platform enables an industry-leading pay-in,
pay-out capability that leverages technology, foreign exchange
conversion, and data management, as well as regulatory, compliance and
anti-money laundering infrastructure, to expedite efficient and timely
money movement across 500,000 agent locations in 200 countries and
territories, at over 100,000 ATMs and kiosks and via connections to
millions of bank accounts and mobile wallets.
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 September 30, 2015,
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 and kiosks, and included
the capability to send money to hundreds of millions of accounts. In
2014, The Western Union Company completed 255 million
consumer-to-consumer transactions worldwide, moving $85 billion of
principal between consumers, and 484 million business payments. For more
information, visit www.WesternUnion.com.
Woodforest National Bank
Celebrating over 35 years of service and ranked among the top earning
banks in the United States, Woodforest currently has assets of
approximately $4.3 billion and services customers at branches in Texas,
Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana,
Maryland, Mississippi, New York, North Carolina, Ohio, Pennsylvania,
South Carolina, Virginia and West Virginia. For information about
Woodforest National Bank, please call 832-375-2000 or visit the bank’s
website at www.woodforest.com.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160119005431/en/
Source: Western Union