Western Union and Woodforest National Bank Sign Multi-Year Agreement
Renewed Relationship Expanded to Include Online Account-Based Money Transfer Services
Under the terms of the agreement, Woodforest National Bank will continue to offerthe global Western Union Money Transfer® service across its branch network. Woodforest will also introduce online account-based Western UnionMoney Transfer transactions to account holders in 2013.
"Our decision to renew our agreement with Western Union supports Woodforest's commitment to offer customers expanded financial services," said Julie V. Mayrant, president, retail division, Woodforest National Bank. "We are pleased to continue to provide the convenience of the Western Union global money transfer service across our banking centers, and now online to all account holders."
Western Union moves money in minutes to consumers in more than 200 countries and territories worldwide. Consumers can access Western Union services through multiple channels, including banks, local retail stores, www.westernunion.com, and their mobile phones. Western Union services, which have evolved over 160 years, quickly and reliably connect people and businesses with each other around the world.
Carter Hunt, senior vice president of commercial sales, Western Union, added, "At Western Union, we are combining our traditional strengths - a globally recognized brand and retail presence - with web, stored value cards and accounts, mobile services and cross-border platforms to meet the needs of today's customers and global businesses."
"Western Union understands the retail banking industry and works with some of the world's leading financial institutions," continued Hunt. "We look forward to continuing to work with Woodforest National Bank in offering their customers global money transfer services."
About Western Union
The Western Union Company (NYS: 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, 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 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.
About Woodforest National Bank
For over 30 years, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering unsurpassed quality customer service since 1980. Woodforest National Bank offers both consumer and business products and services at more than 788 branches in 17 states across the United States. For more information, visit www.woodforest.com.
Andrew Silver, +1 720-332-4119
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