Renewed Relationship Expanded to Include Online Account-Based Money Transfer Services
The Western Union Company (NYSE: WU), a leader in global payment services, today announced a multi-year renewal agreement with Woodforest National Bank.
Under the terms of the agreement, Woodforest National Bank will continue to offer the global Western Union Money Transfer®service across its branch network. Woodforest will also introduce online account-based Western Union Money 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, 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.”