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  • Western Union Business Solutions - Commerzbank chief cracks on debt deal, ECB
    swap of bonds that would subtract the equivalent of 133 3 billion from the total debt burden if the cuts are applied to all of the private holdings that are included in the agreement In related news the Associated Press reported that the European Commission had changed its growth forecasts It now expects the eurozone to shrink 0 3 percent in 2012 but said that it also sees increasing signs of economic stabilization Category Industry News 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 Europe will survive the debt scourge ECB chief says Member nations of the European Union will succeed at surmounting the sovereign debt crisis because o Outgoing ECB president says debt crisis unfinished The sovereign debt crisis that is savaging the euro zone is not over and requires additional attenti Euro gains as ECB buys Italian Spanish debt The shared currency of the European Union is driving toward a significant weekly gain against the U 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 CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain United Kingdom United States USD Archive 2012 December 51 November 109

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Commerzbank-chief-cracks-on-debt-deal-ECB.aspx (2012-12-22)
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  • Western Union Business Solutions - Debt fund suffers setback as new guards ready to govern in Greece, Italy
    and the Netherlands support that cause the sources told Bloomberg Despite the hold up officials are holding out hope in being up and ready to go by the July 2013 deadline One industry insider reflected on the difficulties and challenges of a variety of nations and their interests merging efforts You have different political entities that have to come together and that s very hard to do chief investment officer Alexander Friedman with UBS Wealth Management told Bloomberg Two nations Greece and Italy saw this past week how damaging the sovereign debt crisis has been Both nations leaders committed to resign earlier this week The Associated Press reports Lucas Papademos was named the prime minister of the interim unity government of Greece on Thursday The former vice president of the European Central Bank called for unity in Greece as the nation works on staving off national bankruptcy while waiting on its second tranche of bailout aid in 17 months His pressing responsibility is to finalize those conditions and circumstances so that the funds are disbursed and Greece does not default on its loan obligations I am not a politician but I have dedicated most of my professional life to exercising financial policy both in Greece and in Europe Papademos said following the president of Greece endowing him with the right to create a Cabinet The Greek economy continues to face huge problems despite the great efforts than have been made for fiscal reform Papademos fills the vacancy created by the resignation of George Papandreou who walked away after completing half of his four year term Papademos is adamant about Greece remaining a member of the European Union which many had speculated would remove the Aegean nation for the sake of the well being of the 17 member currency Shifting west the 17 year presidential tenure of Silvio Berlusconi is in its last gasp as his government is set to be disbanded and replaced according to The New York Times The likely next leader is Mario Monti formerly a European Commissioner Yields on Italian government bonds climbed as high as 7 4 percent on Wednesday which threatens to impart serious peril to the region s stability Italy s economy is the euro zone s third largest and a default would very seriously chill the markets Berlusconi s last day is scheduled to leave office on Monday Category Industry News 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 Real slips as government intervenes Real slips as government intervenes Real slips as government intervenes The Brazilian real lost value against the world s reserve currency on Wednesday a consequence of th Brussels summit to release funds for Greece focus on Iberian peninsula As officials in the euro zone are toiling to activate the payout of the second tranche of bailout ai Debt fund

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Debt-fund-suffers-setback-as-new-guards-ready-to-govern-in-Greece-Italy.aspx (2012-12-22)
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  • Western Union Business Solutions - Merced Sun-Star: UC Merced Arranging to Let Students Pay in Rupees
    what got UC Merced interested in the program It has been around for a few years but it was not until this month that rupees were added to the list of currencies being converted to dollars Now that UC Merced is involved students from India and other countries can use the service Ben Kavalec vice president of commercial sales for Western Union said because India s currency is carefully regulated it has been difficult for students and their families to get rupees out of the country But Western Union has partnered with India s ICICI Bank to allow students to use rupees to pay their tuition I think it s a big piece they re used to dealing with their own currency he said And they re getting much better rates of exchange Read full article Category Media Coverage 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 and TouchNet Team Up to Develop Payment Solutions for Universities International Students Students from around the globe soon able to pay their tuition in local currencies directly from a ba 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 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Merced-Sun-Star-UC-Merced-Arranging-to-Let-Students-Pay-in-Rupees.aspx (2012-12-22)
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  • Western Union Business Solutions - Western Union and TouchNet Team Up to Develop Payment Solutions for Universities & International Students
    non U S students said Raj Agrawal President Western Union Business Solutions Working with TouchNet to help bolster their payment portal allows us to offer higher education institutions payment options that will better serve their widely diverse student bodies By enabling these consumers to pay invoices in local currency and manage foreign exchange transactions we are able to provide an institution s student population with choice control convenience and flexibility in how they make their payments a goal we strive for in every payments program we administer The walk in payment options will provide students and their families access to an extensive and convenient distribution network in over 160 countries and territories added Sanjay Gupta Senior Vice President Corporations and Banking Western Union 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 470 000 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 http www westernunion com About TouchNet Information Systems Inc TouchNet is a pioneer in delivering innovative payment solutions to Higher Education Since 1989 colleges and universities have relied on TouchNet to unify and secure payment and related business transactions throughout the campus enterprise Today TouchNet offers institutions the industry s broadest spectrum of commerce management solutions TouchNet U Commerce systems help colleges and universities save make and manage money better by delivering greater control over transactions costs compliance operational efficiencies and information access TouchNet U Commerce it s How Money Moves on Campus For more information visit www touchnet 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 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 Enables Acceptance of Indian Rupee Tuition Payments for Participating Universities Western Union Enables Acceptance of Indian Rupee Tuition Payments for Participating UniversitiesStra 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Western-Union-and-TouchNet-Team-Up-to-Develop-Payment-Solutions-for-Universities-International-Students.aspx (2012-12-22)
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  • Western Union Business Solutions - Fox Business: Solving the Tuition Payment Complexity of International Students
    that pass the wire along and each bank along that process takes a fee out before it finally arrives at the university s bank he says Because all of those fees are taken out the university looks at my payment as if I underpaid them Universities like USC are also seeking to make the tuition transfer easier by working with organizations such as Western Union Business Solutions a program allowing students to initiate payment through their online student portal with instructions to complete the wire transfer process with a transaction ID and the exchange rate says Tom The student will then process the wire transfer from their bank in their home currency to our Western Union partner and once Western Union receives the funds it is automatically posted to the student s tuition account without any manual processing from the university he says USC waives the wire transfer fee assessed to the student since we have eliminated the manual processing of these international wires As a result of the streamlined process the university is able to receive one domestic payment in the exact amount owed says Kavalec The student is extremely happy because they paid the local currency in a low value network we eliminated that costly international wire fee we ve essentially eliminated the intermediary banks in the process that were taking fees out and we re simply putting in 100 of the value into that university s account he says Although the process is more streamlined with third party assistance Tom explains that international students should understand their country s specific rules in regards to transferring funds internationally Rules are different for each country and require additional time or documentation to be completed for some students before funds can be wired out of the country Read full article Category Media Coverage 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 and TouchNet Team Up to Develop Payment Solutions for Universities International Students Students from around the globe soon able to pay their tuition in local currencies directly from a ba Western Union Enables Acceptance of Indian Rupee Tuition Payments for Participating Universities Western Union Enables Acceptance of Indian Rupee Tuition Payments for Participating UniversitiesStra IndUS Business Journal Western Union Services Allow Use of Rupee for Tuition Payments From IndUS Business Journal Western Union Business Solutions a unit of The Western Union Co sai 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 CAN

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Fox-Business-Solving-the-Tuition-Payment-Complexity-of-International-Students.aspx (2012-12-22)
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  • Western Union Business Solutions - Iran threatens to halt crude exports, though prices fall amid strong U.S. dollar
    causing prices to rise yesterday according to The Wall Street Journal Anyone who threatens to disrupt freedom of navigation in an international strait is clearly outside the community of nations any disruption will not be tolerated the U S Fifth Fleet said in an email as told by Reuters On Tuesday Iran s first vice president warned that if foreign sanctions were imposed upon the country s oil exports in addition to facing sanctions this upcoming January regarding its nuclear program then the passage of oil through the Strait of Hormuz would be stopped Category Industry News 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 Aussie falls to U S dollar amid concerns about reduced growth The monetary unit of Australia dropped in value for a second consecutive day against the U S dollar Aussie Kiwi climb amid strong U S economic data South Pacific currencies achieved their highest values in 12 weeks against the world s reserve curre U S dollar advances against euro amid struggle in Brussels Disappointing news from the Brussels on Friday regarding efforts to reign in the euro zone debt scou 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 CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Iran-threatens-to-halt-crude-exports-though-prices-fall-amid-strong-US-dollar.aspx (2012-12-22)
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  • Western Union Business Solutions - Contender for IMF lead hails from Mexico
    process that emphasizes merit The clear reference is to nations that want to keep the top job under the purview of European leadership The IMF is aiming to finalize the selection process by June 30 Carstens who holds a University of Chicago economics doctorate is well aware of the ongoing tumult in the euro zone Only when they are solved can the confidence in the euro increase in the future he told MarketWatch earlier this month referencing the sovereign debt issues in Greece Portugal and Ireland Category Industry News 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 Contender eyed for top slot at IMF French finance minister Christine Lagarde has become the frontrunner to lead the International Monet Mexican Canadian leaders to meet with President Obama to discuss economic issues The three leaders of the North American continent s nations are meeting at the White House on Monday Euro zone leaders advocate for Greece European Union Leaders in Europe must merge efforts to counter the ill effects of the sovereign debt crisis by esta 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 CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Contender-for-IMF-lead-hails-from-Mexico.aspx (2012-12-22)
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  • Western Union Business Solutions - Euro slips as Draghi remarks note regional trouble
    global picture is concerned we ve seen the downward revisions to global growth from the IMF That is going to likely see the euro correct back down a little bit further on the day All finance ministers with the European Union s 27 countries are slated to meet in Luxembourg on Tuesday Reuters reports the euro endured losses as prospects were less than bright for Spain and Greece two nations suffering under the duress of the European debt crisis Category Industry News 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 Euro slips after growth downgrades in Europe Reductions to economic expansion next year in Germany and the rest of the euro region drew down the Euro slips against dollar as debt hobbled Greece runs into more trouble The value of the shared currency of the European Union dropped against the U S dollar on Monday ma Real slips as government intervenes Real slips as government intervenes Real slips as government intervenes The Brazilian real lost value against the world s reserve currency on Wednesday a consequence of th 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 CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Euro-slips-as-Draghi-remarks-note-regional-trouble.aspx (2012-12-22)
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