Western Union Offers New Service for Non-Profits to Move Money Efficiently and Conveniently
Ability to deliver funds from a desktop platform to 450,000 Agent locations worldwide will help nonprofits focus more resources on core mission
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® 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 fee-friendly 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
Fernando Delas Carnevali
New York, United States of America
+1 201 914 5435
+86 1 085 165 915
Europe, Middle East, Africa:
+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.