Western Union

Western Union to Present at the Wells Fargo TMT Summit on December 1

Tuesday, November 24, 2020 - 9:05pm

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced that the Company will present at the Wells Fargo TMT Summit on Tuesday, December 1, 2020.

Key Points: 
  • The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced that the Company will present at the Wells Fargo TMT Summit on Tuesday, December 1, 2020.
  • Investors and interested parties will be able to listen to the investor presentation via webcast from http://www.westernunion.com , under the investor relations section.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union Bolsters its Global Digital Cross-Border Payments Leadership

Monday, November 23, 2020 - 1:00pm

Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced it has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories.

Key Points: 
  • Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced it has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories.
  • Western Union reported Digital transaction growth of 96%, including 53% for WesternUnion.com, and significant incremental growth from digital partnerships in the third quarter of 2020.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union Advances Its Digital Growth Strategy With Investment in stc pay

Sunday, November 22, 2020 - 10:12am

According to the terms of the transaction, Western Union will invest up to $200 million for up to 15% ownership of stc pay.

Key Points: 
  • According to the terms of the transaction, Western Union will invest up to $200 million for up to 15% ownership of stc pay.
  • With a strong base of over 4 million customers and an established regional brand in the fast-growing digital wallet market, Western Union believes that stc pay is poised to experience strong growth in the future.
  • The Company has achieved significant progress in its digital growth strategy in 2020 through both its market leading westernunion.com channel and digital partnerships.
  • Our strategy has proven to be successful, and I am encouraged by the meaningful contribution our partnership with stc pay made to Western Unions digital growth in 2020, said Western Union Chief Executive Officer Hikmet Ersek.

Western Union Renew Multi-Year Jersey Sponsorship with Denver Nuggets

Wednesday, November 18, 2020 - 1:00pm

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Headquartered in Denver, Colorado, Western Union has committed to an additional three-year sponsorship in tribute to the Mile High City teams stellar NBA 2020 season that concluded in the Western Conference Finals.
  • Western Unions association with the Denver Nuggets and Kroenke Sports & Entertainment (KSE) commenced in 2017 becoming the Teams jersey patch partner when the NBA first introduced the sponsor opportunity.
  • KSE Vice Chairman Josh Kroenke said, We are elated that Western Union is renewing its jersey patch partnership with the Denver Nuggets.
  • We share the excitement of the Denver Nuggets and Western Union on the continuation of this successful partnership for the next three seasons.

Western Union to Present at the Citi Financial Technology Conference

Wednesday, November 11, 2020 - 11:00pm

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movements and payments, today announced that the Company will present at the Citi Financial Technology Conference on Monday, November 16, 2020.

Key Points: 
  • The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movements and payments, today announced that the Company will present at the Citi Financial Technology Conference on Monday, November 16, 2020.
  • Investors and interested parties will be able to listen to the investor presentation via webcast from http://www.westernunion.com , under the investor relations section.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union Expands Real-Time Payout

Monday, October 26, 2020 - 12:00pm

For decades, Western Union has been moving money with payout in minutes in over 130 currencies through its vast global retail network of over 550,000 agent locations across more than 200 countries and territories.

Key Points: 
  • For decades, Western Union has been moving money with payout in minutes in over 130 currencies through its vast global retail network of over 550,000 agent locations across more than 200 countries and territories.
  • We are making the experience leaner, faster and less complex for consumers, businesses, and our partners, said Western Union President of Global Network Jean Claude Farah.
  • Western Unions global account payout network now includes access to more than four billion bank accounts, wallets, and cards across every continent in the world.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union and Kroger Extend 35-Year Relationship, Offer Global Digital and Retail Money Transfers

Wednesday, October 14, 2020 - 1:30pm

The new non-exclusive agreement will enable Kroger customers to continue using Western Unions market leading digital and retail services.

Key Points: 
  • The new non-exclusive agreement will enable Kroger customers to continue using Western Unions market leading digital and retail services.
  • Through Western Union, consumers can send money digitally, or stage a transaction via Krogers Money Services online portal and pay in person.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union to Release Third Quarter Results on October 29, 2020

Monday, October 5, 2020 - 12:30pm

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 third quarter results on October 29, 2020 at 4:30 p.m.

Key Points: 
  • The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 third quarter results on October 29, 2020 at 4:30 p.m.
  • A press release highlighting the financial results will be issued at approximately 4:00 p.m.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Second Round of Refunds, Totaling $147 Million, Sent to Consumers As a Result of Multi-Agency Case Against Western Union

Thursday, September 24, 2020 - 12:00am

The FTCs complaint against Western Union alleged that for many years, Western Union was aware that fraudsters around the world used the companys money transfer system to bilk consumers, and that some Western Union agents were complicit in the frauds.

Key Points: 
  • The FTCs complaint against Western Union alleged that for many years, Western Union was aware that fraudsters around the world used the companys money transfer system to bilk consumers, and that some Western Union agents were complicit in the frauds.
  • This is the second refund distribution resulting from the agencies actions against Western Union.
  • More information about the Western Union refund program and its compensation to victims is available on the Western Union remission website at www.westernunionremission.com.
  • Further questions may be directed to the Western Union Remission Administrator by phone at 844-319-2124 or by email at info@WesternUnionRemission.com.

Second Round of Refunds, Totaling $147 Million, Sent to Consumers As a Result of Multi-Agency Case Against Western Union

Thursday, September 24, 2020 - 12:00am

The FTCs complaint against Western Union alleged that for many years, Western Union was aware that fraudsters around the world used the companys money transfer system to bilk consumers, and that some Western Union agents were complicit in the frauds.

Key Points: 
  • The FTCs complaint against Western Union alleged that for many years, Western Union was aware that fraudsters around the world used the companys money transfer system to bilk consumers, and that some Western Union agents were complicit in the frauds.
  • This is the second refund distribution resulting from the agencies actions against Western Union.
  • More information about the Western Union refund program and its compensation to victims is available on the Western Union remission website at www.westernunionremission.com.
  • Further questions may be directed to the Western Union Remission Administrator by phone at 844-319-2124 or by email at info@WesternUnionRemission.com.