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Western Union Offers New Service for Non-Profits to Move Money Efficiently and Conveniently Around the Globe

Ability to deliver funds from a desktop platform to 450,000 Agent locations worldwide will help nonprofits focus more resources on core mission

Submitted by: Western Union

Categories: Finance, Philanthropy & Corporate Contributions

Posted: Feb 29, 2012 – 08:00 AM EST

 

ENGLEWOOD, Colo., Feb. 29 /CSRwire/ - The Western Union Company (NYSE:WU), a leader in global payments, today announced a suite of services specifically for non-profit organizations. The new options, available worldwide, will simplify how these organizations collect and move money, cutting their costs and enabling them to focus fewer resources on administration and more on their key missions.

The Western Union suite of solutions for non-profit organizations, announced in celebration of  International Corporate Philanthropy Day, includes a dedicated team and software to help NGOs collect and move money more efficiently.  With payment in 120 currencies available at 450,000 Agent locations in over 200 countries and territories, Western Union can help ensure that vital money reaches those who need it most, nearly anywhere in the world.

The Western Union® offering also will help nonprofits better reach the estimated 40 million would-be donors in the U.S. alone who deal in the world of cash, rather than credit. Donors can make convenient cash contributions at more than 150,000 participating Western Union Agent locations, including many banks and supermarkets.

“Whether it’s getting emergency funds across town or making regular payments halfway around the world, Western Union’s nonprofit offering dramatically simplifies the process of moving money across the global financial system,” said Kurt Bulawa, VP, Retail Payments. “We provide convenience, speed, reliability and a paper trail that helps with auditing and boosts accountability. Now, with this new addition to our suite of offerings, we also are helping nonprofits do more with less.”

By eliminating financial intermediaries and reducing the number of currency conversions through this point-to-point offering, complexity will be reduced and money will move faster.  

The new offering also will simplify and enhance international funds transfer by:

  • Employing a real-time, web-based tracking tool to monitor, track and verify transactions
  • Offering the ability to pay out funds in cash, direct-to-account, prepaid cards or mobile-phone based e-wallets
  • Enabling NGOs to pay out funds in more than 120 local currencies
  • Providing fast, reliable and convenient transfer including sender password authentication to send funds, daily dollar limits, transaction dollar limits and standardized pick-up procedures

To learn more about how Western Union® NGO Solutions can help your organization, please contact:

The Americas:

Fernando Delas Carnevali

Fernando.Delas@westernunion.com

New York, United States of America

+1 201 914 5435

 

Asia-Pacific:

Vicky Liem

Vicky.Liem@westernunion.com

Beijing, China

+86 1 085 165 915

 

Europe, Middle East, Africa:

Curt Chadha

Curt.Chadha@westernunion.com

Vienna, Austria

+43 1 506 17 380

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.

For more information, please contact:

Anna Alejo Western Union
Phone: 720.332.3884

 

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