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  • Western Union Business Solutions - Western Union Announces "Education for Better," a Three-Year Commitment to Education Globally
    worldwide As a visible demonstration of support Western Union CEO Hikmet Ersek participated in the launch of the United Nations Education First campaign by Secretary General Ban Ki moon on Sept 26 2012 Cause marketing Western Union s PASS initiative which kicked off Sept 20 converts each successful pass completed during each match played from the Group Stage to the final of the 2012 2013 UEFA Europa League into funds to support one day of school for one student to be allocated and distributed based on the educational needs and costs of the identified market Grants As part of the comprehensive Education for Better program the Western Union Foundation pledges an average of 10 000 per day for more than 1 000 days in potential grant funding throughout the three year program The majority will be available as matching challenge grants to incent Western Union Business Partner and employee donations to the education cause Employee engagement Western Union employee volunteer programs will prioritize educational programs providing the Western Union family new ways to make a meaningful difference Education for Better builds on the success of Western Union s Our World Our Family program a five year commitment to economic opportunity that will culminate this year having exceeded its financial goal We are very proud that Our World Our Family helped touch more than five million lives said Luella Chavez D Angelo SVP Social Ventures Western Union Our World Our Family demonstrated the importance of and education s power to make a lasting difference in the world and inspired us to develop Education for Better to touch even more people s lives 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 June 30 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 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 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 81 7 million in

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Western-Union-Announces-Education-for-Better-a-Three-Year-Commitment-to-Education-Globally.aspx (2012-12-22)
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  • Western Union Business Solutions - Western Union Announces Commitment to Design and Launch a New Financial Platform for NGOs
    the company s 510 000 physical locations to help connect NGOs to the people they serve in over 200 countries and territories around the world Mr Ersek continued Western Union is dedicated to serving the underserved which often includes NGOs and we will continue to work hard to increase their access to better more inclusive financial products Western Union will work with NGO partners including the International Children s Fund and Peace International to design financial products that will promote efficiency and transparency via New capabilities for moving funds via Western Union s global network of 510 000 Agent locations helping to solve the last mile challenge and enabling a more rapid response in times of crisis A wider array of pay out options including cash bank accounts mobile phones and prepaid cards for nonprofits to send funds to their field staff and beneficiaries Tools to help NGOs monitor and report on fund disbursement enabling greater end to end transparency and accountability Currency risk management solutions that can help shield NGOs from exchange rate fluctuations A portfolio of products that will enable NGOs to receive and manage incoming funds in multiple currencies efficiently including integrated invoicing and tracking tools and new donation fulfillment capabilities that offer individual donors the opportunity to give online or in person via Western Union s global Agent network and Financial education for NGOs on topics from mobile money to currency exchange helping them better manage scarce and vital funds Western Union NGO Global Pay will launch with select NGO partners in November 2012 with further expansion planned for 2013 The product which represents Western Union s new two year Clinton Global Initiative Commitment to Action will be fully in force by the end of 2014 It also builds on key insights from Western Union s successful CGI commitment the Our World Our Family program a 50 million commitment to foster greater economic opportunity for more than five million people 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 June 30 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 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 WU F WU G Category News Releases Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Western Union Announces Education for Better

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Western-Union-Announces-Commitment-to-Design-and-Launch-a-New-Financial-Platform-for-NGOs.aspx (2012-12-22)
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  • Western Union Business Solutions - Western Union Launches International Business Payments Services in Chile, Cyprus and Jordan
    140 000 SMEs In Cyprus Western Union Business Solutions will be introduced via GAP Vassilopoulos a leading logistics provider with a strong SME client base GAP Vassilopoulos is a recognized leader in the Cypriot business community with a range of services including domestic courier air and sea freight transportation insurance travel and hotel bookings Western Union Business Solutions partner in Jordan is Kamal Exchange a leading money exchange company with long standing links to the business and finance community Kamal Exchange has a strong presence in Jordan and great experience with both local and foreign financial institutions as well as small and medium sized importers and exporters Chilexpress GAP Vassilopoulos and Kamal Exchange are existing Western Union Agents providing consumer money transfer services For more information please contact Jennifer Berlin Western Union Business Solutions 44 208 415 4204 jennifer berlin westernunion com For more information about Western Union please contact Media Anna Alejo 720 332 3884 anna alejo westernunion com Investors Mike Salop 720 332 8276 mike salop westernunion com About Western Union Business Solutions 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 It is a business unit of the Western Union Company NYSE WU a leading provider of cross border payments which operates its Business Solutions services through locally licensed affiliates and partners in 28 countries Supported by a network of trading offices strategic banking relationships and a global clearing network businesses can send cross border payments in more than 135 currencies 2012 Western Union Holdings Inc All rights reserved 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 June 30 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 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 Category News Releases Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Western Union to Acquire Travelex Global Business Payments Western Union today announced it has signed an agreement with Travelex Holdings Limited to acquire t Announcing the Launch of Western Union Business Solutions Western Union Launches Western Union Business Solutions Western Union sees significant increase in use of Chinese Renminbi for business payments by US firms Western Union sees significant increase in use of Chinese

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Western-Union-Launches-International-Business-Payments-Services-in-Chile-Cyprus-and-Jordan.aspx (2012-12-22)
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  • Western Union Business Solutions - Western Union Enables Acceptance of Indian Rupee Tuition Payments for Participating Universities
    applaud this innovation and know our students will appreciate the convenience and cost savings According to the Institute for International Education s Open Doors report students from India make up 14 percent of the international student population in the U S In 2010 11 there were 103 895 students from India studying in the United States Citizenship and Immigration Canada CIC also reports that the number of Indian students granted visas to study in Canada saw a steep increase in the recent past By the end of 2010 the number of student visas that CIC issued to Indian students had tripled over 2008 levels Western Union Business Solutions works with global technology experts including Higher One to fuse its core foreign exchange expertise and global reach with the knowledge of software developers who specialize in the education sector The service for student tuition and fees such as meal plans and residence halls is fully integrated into the university s website Students register their names their student identifications and the amount they wish to pay Western Union Business Solutions displays a price in Indian rupees with the exchange rate locked in The student prints out the form and processes the payment through a participating ICICI bank location within 3 days Western Union Business Solutions enables businesses colleges and universities of all sizes to send and receive international payments and manage foreign exchange in more than 135 currencies creating unique solutions tailored to suit their FX needs Institutions are supported by a network of trading offices strategic banking relationships and a global clearing network Universities use the cross border payments service for study abroad programs student refunds and for professors or recruiters traveling worldwide For more information visit http business westernunion com industry education 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 Source Western Union Category News Releases Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Economic Times Western Union Enables Acceptance of Rupee Tuition Payments for Participating Universities From Economic Times Western Union Business Solutions a unit of The Western Union Company today a Western Union to Acquire Travelex Global Business Payments Western Union today

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Western-Union-Enables-Acceptance-of-Indian-Rupee-Tuition-Payments-for-Participating-Universities.aspx (2012-12-22)
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  • Western Union Business Solutions - Western Union Launches Business Payments Wallet
    small and medium enterprises speeding up transaction processing via pre funded USD and CAD holding balances Funds that have been loaded onto the wallet and cleared are available when the client needs to initiate a payment With the email delivery option the sender needs only to provide the recipient s email address The recipient is directed to a secure website to claim the payment online Western Union Business Solutions enables companies of all sizes to send and receive cross border payments and manage foreign exchange creating unique solutions tailored to suit their FX needs As a leading non bank provider of business payments Western Union Business Solutions offers its services through locally licensed affiliates and partners in 25 countries Supported by a network of trading offices strategic banking relationships and a global clearing network businesses can send cross border payments in more than 135 currencies A bout 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 2012 the Western Union Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 495 000 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 completed 425 million business payments For more information visit www westernunion com WU F WU G For more information about Western Union please contact Media Anna Alejo 720 332 3884 anna alejo westernunion com Investors Mike Salop 720 332 8276 mike salop westernunion com Category News Releases Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Western Union to Acquire Travelex Global Business Payments Western Union today announced it has signed an agreement with Travelex Holdings Limited to acquire t Western Union Launches International Business Payments Services in Chile Cyprus and Jordan Western Union Launches International Business Payments Services in Chile Cyprus and Jordan E Western Union Business Solutions to Introduce Electronic Wallet for Small Businesses Bringing Simplicity to Global B2B Payments Service supported by hyperWALLET to be Offered in U S Canada Early in 2012 ENGLEWOOD Colo Octo Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Western-Union-Launches-Business-Payments-Wallet.aspx (2012-12-22)
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  • Western Union Business Solutions - Paying Chinese Businesses in Dollars Instead of Chinese Yuan
    partners not to mention cut the cost of doing business Another key finding of the survey is that companies in the U S are seen as far more unwilling to settle in CNY than those based in Europe In fact the U S was named as the most reluctant market 42 with Europe 23 and South East Asia 13 placing second and third Japan 8 and Australia 2 were seen as the least reluctant Importers that are flexible and savvy in their approach to cross border payments will find themselves well placed to compete in today s global marketplace added Mr Nader Adapting to the ongoing liberalization of the CNY is especially significant when one considers the growth opportunities that exist for companies that do business with China The goodwill and supplier loyalty that would be created by American companies who offer to pay in yuan present a real opportunity for them to gain a competitive advantage when trading with the world s second largest economy For more information or interviews please contact Josh Passman CJP Communications 212 279 3115 x 203 jpassman cjpcom com For more information about Western Union please contact Media Anna Alejo 720 332 3884 anna alejo westernunion com Investors Mike Salop 720 332 8276 mike salop westernunion com Notes to Editors About Western Union Business Solutions 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 Western Union recently acquired Travelex Global Business Payments and is a leading nonbank provider of business payments operating its Business Solutions services through locally licensed affiliates in 23 countries Supported by a network of trading offices strategic banking relationships and a global clearing network businesses can send cross border payments in more than 140 currencies including RMB Western Union Business Solutions provides services in the US through Custom House USA Limited and Travelex Global Business Payments Inc Travelex is a registered trademark of Travellers Exchange Corporation Limited and is used by Travelex Global Business Payments Limited and its affiliates including Travelex Global Business Payments Inc under license For more information visit http business westernunion com 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 2011 the Western Union Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 485 000 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 1 Western Union Business Solutions research found that one in five Chinese

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Paying-Chinese-Businesses-in-Dollars-Instead-of-Chinese-Yuan.aspx (2012-12-22)
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  • Western Union Business Solutions - Businesses Seek Better Control of Global Payments
    one of our primary FX partners We look forward to their additional expertise as we expand into new areas around the world T he results of the survey are discussed in a free webinar for businesses seeking to better manage foreign exchange risk at a time of increasing currency volatility The webinar is available on this link Leveraging Cross Border Payment Efficiency in FX Risk Management Effectively understanding and mitigating currency risk exposures is becoming ever more important to small and medium enterprises said Ian Taylor Regional Divisional Director for North America Western Union Business Solutions With the right payments provider however these businesses are in a strong position to seize opportunities internationally Given how busy they are with day to day demands at their companies it is not surprising to see that so many finance leaders were essentially going with the flow when it comes to choosing a payments provider said John Kogan CEO of Proformative and a four time CFO My hope is that this survey opens a few eyes to the many advantages of paying more attention to whom they are ceding so much responsibility 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 Western Union recently acquired Travelex Global Business Payments and is a leading nonbank provider of business payments operating its Business Solutions services through locally licensed affiliates in 18 countries Supported by a network of trading offices strategic banking relationships and a global clearing network businesses can send cross border payments in more than 140 currencies A bout 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 2011 the Western Union Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 485 000 Agent locations in 200 countries and territories In 2010 The Western Union Company completed 214 million consumer to consumer transactions worldwide moving 76 billion of principal between consumers and 405 million business payments For more information visit www westernunion com About Proformative Proformative connects the world s corporate finance leaders to provide instant advice and insights on the tough financial and strategic challenges they face everyday Proformative is the largest and fastest growing community specifically designed to help corporate finance professionals be successful in their jobs and careers Proformative is used by more than 40 000 CFOs and has more than 400 000 corporate finance and business professionals in its fast growing network Proformative is headquartered in Silicon Valley and funded by Floodgate Bullpen Capital and Inspiration Ventures For more information visit www proformative com Media Anna Alejo 720 332 3884 anna alejo westernunion

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Businesses-Seek-Better-Control-of-Global-Payments.aspx (2012-12-22)
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  • Western Union Business Solutions - Western Union Offers Webinar for Businesses to Better Manage Currency Risk
    will address the evolving balance of power between the major economies from a currency trader s distinctively independent perspective Leading the webinar will be Karl Schamotta Senior Market Strategist at Western Union Business Solutions Ellen M Heffes Editor in Chief Financial Executive magazine at Financial Executives International Mr Schamotta and Ms Heffes will discuss Changes occurring within the Chinese economy in a historical context Fundamental realities hiding behind China s unprecedented rise China s recent impact on the global financial markets and how this is beginning to change Tactics and strategies that firms can use to manage currency risk and harness the opportunities generated in this environment Western Union Business Solutions enables companies of all sizes to send and receive cross border payments and manage foreign exchange With deep expertise in moving funds around the globe access to over 140 currencies and a global financial network spanning more than 200 countries Western Union helps companies spend less time managing international financial transactions and more time growing their businesses Since the acquisition of Travelex Global Business Payments Western Union is now the world s leading nonbank provider of cross border business payments Western Union Business Solutions operates through locally licensed affiliates in 18 countries 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 The Western Union Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 485 000 agent locations in 200 countries and territories In 2010 The Western Union Company completed 214 million consumer to consumer transactions worldwide moving 76 billion of principal between consumers and 405 million business payments For more information visit www westernunion com Media Anna Alejo 720 332 3884 anna alejo westernunion com Investors Mike Salop 720 332 8276 mike salop westernunion com Category News Releases Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Western Union Announces Education for Better a Three Year Commitment to Education Globally Western Union Announces Education for Better a Three Year Commitment to Education Globally NEW Y Western Union to Acquire Travelex Global Business Payments Western Union today announced it has signed an agreement with Travelex Holdings Limited to acquire t Announcing the Launch of Western Union Business Solutions Western Union Launches Western Union Business Solutions Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Western-Union-Offers-Webinar-for-Businesses-to-Better-Manage-Currency-Risk.aspx (2012-12-22)
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