Western Union and La Banque Postale to Launch Account-Based Money Transfer Services in France
07 10월 2011 - 8:03AM
Business Wire
The Western Union Company (NYSE:WU), a leader in global payment
services, and La Banque Postale are further strengthening their
cooperation in France by offering Account-Based Money Transfer
(ABMT) services to all La Banque Postale accountholders.
Customers with La Banque Postale accounts will be able to
conduct international money transfers through the bank’s secure
site (www.labanquepostale.fr) for cash payout at any of Western
Union’s 470,000 Agent locations located in more than 200 countries
and territories. The service will go into effect on Nov. 15.
Funds transferred will be available for collection in cash
within minutes. The service is offered exclusively online and will
be available 24 hours a day and 7 days a week. Customers will be
offered this banking service for a competitively priced fee.
This new service forms part of both companies’ electronic
channels strategy as they seek to offer their new and existing
customers a variety of fast and secure ways to transfer money.
La Banque Postale is a major Western Union Agent in Europe and a
leader in France among providers of international person-to-person
money transfer services. The service meets the needs of the bank’s
customers and further deepens the cooperation between the bank and
Western Union. This cooperation most recently resulted in the
launch of a joint, co-branded bank card, first issued in April
2011, which combines the features of a traditional bank card with
the benefits of a Western Union loyalty card. As of Oct. 1,
approximately 64,000 cards have been issued.
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. The
Western Union, Vigo and Orlandi Valuta branded services are offered
through a combined network of 470,000 agent locations in 200
countries and territories. In 2010, The Western Union Company
completed 214 million consumer-to-consumer transactions worldwide,
moving $76 billion of principal between consumers, and 405 million
business payments. For more information, visit
www.westernunion.com.
About La Banque Postale
La Banque Postale, the banking subsidiary of the La Poste Group,
is a unique and special bank operating in the French retail banking
market. As an institution that is faithful to its core values,
namely acting in the general interest, confidentiality and
localness, La Banque Postale puts paying close attention to all its
customers at the heart of its business. It supports its retail and
corporate customers by offering them a long-term banking
relationship, with an accessible and reasonably-priced range of
products and services. It is continually adding to its product
range, specifically through relying on the expertise of its
subsidiaries and partners, thus entering new areas. La Banque
Postale is accessible 24/7, anywhere, any time.
WU-F, WU-G
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