Western Union and 7-Eleven Sign Prepaid Agreement Serving Consumers across 6,000 Retail Locations in the U.S.
14 10월 2011 - 9:00PM
Business Wire
The Western Union Company (NYSE:WU), a leader in global
payments, and 7-Eleven, Inc., the world’s largest convenience
retailer, have signed a prepaid agreement to offer consumers the
ability to obtain The Western Union® MoneyWise™ General Purpose
Reloadable prepaid card at 7-Eleven, Inc.’s store locations. The
card will be available at select 7-Eleven U.S. retail locations
early next year.
The 7-Eleven agreement builds upon Western Union's prepaid
go-to-market strategy. The Western Union MoneyWise Prepaid Card
will be a new service option for consumers who already purchase
Western Union money orders at more than 6,000 U.S. 7-Eleven retail
locations. The agreement also positions 7-Eleven as the largest
retail seller of the Western Union MoneyWise prepaid reloadable
card product in the U.S.
"The Western Union prepaid card will provide more options and
convenience for consumers in managing their everyday finances,”
said Carter Hunt, Western Union’s senior vice president of global
key accounts. “Western Union sees its suite of prepaid card
services as an opportunity to continue strengthening both its
relationship and value proposition with consumers seeking
convenient prepaid services, and mass market retailers preferring
to efficiently manage prepaid services at the check-out
counter.”
“We are offering this card to our customers because it provides
consumers with the convenience of a reloadable prepaid card without
many of the fees, such as monthly maintenance, purchase transaction
and customer-service fees,” said Jesus Delgado-Jenkins, 7-Eleven’s
senior vice president of merchandising, marketing and logistics.
“The Western Union MoneyWise prepaid card incorporates all the
benefits of a reloadable prepaid card, including convenience and
ease of use, which is what our customers want.”
The Western Union MoneyWise Prepaid Card was awarded two 2011
PayBefore Awards in the following categories, among other winners:
Best General Purpose Reloadable Program: In-Person Sales Channel
Category and Best Prepaid Program Media Advertising Category.
Additional benefits and information are available at:
www.westernunion.com.
1Fees and charges will be deducted from the card account balance
in certain situations. Common card fees include: $1.95 ATM
Withdrawal Fee (plus applicable ATM operator fees), $0.45 ATM
Inquiry/Decline Fee, $2.50 monthly Inactivity Fee after 12 months
of non-use and a $4.95 Reload Fee. Additional fees could include
Re-issue card fee of $5, Bank to card transfer fee of $1, paper
statement fee of $3, cash withdrawal at bank counter fee of $25.00,
stop payment fee of $4.95, check processing fee of $25.00 and
currency conversion gains and fees. See Cardholder Agreement for a
complete description of fees.
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the
convenience retailing industry. Based in Dallas, Texas, 7-Eleven
operates, franchises or licenses close to 8,900 7-Eleven® stores in
North America. Globally, there are approximately 43,300 7-Eleven
stores in 16 countries. During 2010, 7-Eleven stores worldwide
generated total sales close to $63 billion. 7-Eleven has been
honored by a number of companies and organizations recently.
Accolades include: #2 on Forbes magazine’s 2011 list of Top
Franchises for the Money; #4 spot on Entrepreneur magazine’s
Franchise 500 list for 2009, #3 in Forbes magazine’s Top 20
Franchises to Start, and #2 in Franchise Times Top 200 Franchise
Companies. Hispanic Magazine named 7-Eleven in its Hispanic
Corporate Top 100 Companies that provide the most opportunities to
Hispanics. 7-Eleven received the 2010 Retailer of the Year honor
from PL Buyer because of the company's private-label brand
initiative. 7-Eleven is franchising its stores in the U.S. and
expanding through organic growth, acquisitions and its Business
Conversion Program. Find out more online at www.7-Eleven.com.
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 approximately 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.
WU-G, WU-F
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