MasterCard (NYSE:MA) and The Western Union Company (NYSE:WU)
today announced a global agreement that will make electronic
payments, including prepaid cards and money transfers, more
efficient and convenient for consumers around the world.
Today, an estimated 2.5 billion adults worldwide are financially
underserved, and within the United States, more than a quarter of
the adult population is excluded from the financial mainstream.
Prepaid cards and money transfers are helping build bridges to
provide consumers with reliable, convenient and affordable forms of
financial services.
MasterCard and Western Union have been working together to
provide prepaid card services for the past year. The expanded
global relationship makes MasterCard the preferred brand for
Western Union-sponsored prepaid programs around the world and makes
Western Union the preferred money transfer service for MasterCard.
Consumers will have access to a global network to transfer and load
funds onto prepaid cards. Western Union and MasterCard prepaid
cardholders will be able to reload their prepaid cards at
MasterCard rePower locations as well as at participating Western
Union® Agent locations.
Western Union and MasterCard are simplifying the transfer of
money for consumers by making their electronic payment networks
interoperable. Consumers using Western Union for money transfer
services will be able to arrange for a money transfer to go
directly to an eligible MasterCard. Senders will be able to pay for
money transfers using a card or account backed by the MasterCard
brand and move funds through a participating Western Union Agent
location.
Hikmet Ersek, President and Chief Executive Officer of Western
Union said, “This agreement sets the stage to globalize prepaid
services. We’re opening up more options for consumers around the
world by combining Western Union’s global network of money movement
solutions with MasterCard’s world class global electronic payments
network.”
“The primary focus of our global partnership is to enable
greater financial inclusion for consumers and provide additional
electronic payment options that create efficiencies in their daily
lives,” said MasterCard President and Chief Executive Officer Ajay
Banga. “We look forward to all of the benefits that our partnership
will bring to consumers around the world.”
About MasterCard
MasterCard (NYSE: MA) is a global payments and technology
company. It operates the world’s fastest payments processing
network, connecting consumers, financial institutions, merchants,
governments and businesses in more than 210 countries and
territories. MasterCard’s products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Learn more at www.mastercard.com,
follow us on Twitter @mastercardnews or join the
conversation on The Heart of Commerce Blog.
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
Sept. 30, 2011, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of 485,000 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.
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MasterCard Forward-Looking Statements
Statements in this press release which are not historical facts,
including statements about MasterCard’s plans, strategies, beliefs
and expectations, are forward-looking and subject to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements speak only as of the date they
are made. Accordingly, except for the company’s ongoing obligations
under the U.S. federal securities laws, the company does not intend
to update or otherwise revise the forward-looking information to
reflect actual results of operations, changes in financial
condition, changes in estimates, expectations or assumptions,
changes in general economic or industry conditions or other
circumstances arising and/or existing since the preparation of this
press release or to reflect the occurrence of any unanticipated
events. Such forward-looking statements include, without
limitation, statements related to the greater financial inclusion
and efficiencies that could result from the partnership.
Actual results may differ materially from such forward-looking
statements for a number of reasons, including those set forth in
the company’s filings with the Securities and Exchange Commission
(SEC), including the company’s Annual Report on Form 10-K for the
year ended December 31, 2010, the company’s Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K that have been filed with
the SEC during 2011, as well as reasons including difficulties,
delays or the inability of the company to achieve its strategic
initiatives set forth above. Factors other than those listed above
could also cause the company’s results to differ materially from
expected results.
Western Union Safe Harbor Compliance Statement for
Forward-Looking Statements
This press release contains certain statements that are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are not guarantees
of future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Actual outcomes and
results may differ materially from those expressed in, or implied
by, our forward-looking statements. Words such as "expects,"
"intends," "anticipates," "believes," "estimates," "guides,"
"provides guidance," "provides outlook" and other similar
expressions or future or conditional verbs such as "will,"
"should," "would" and "could" are intended to identify such
forward-looking statements. Readers of this press release by The
Western Union Company (the "Company," "Western Union," "we," "our"
or "us") should not rely solely on the forward-looking statements
and should consider all uncertainties and risks discussed in the
"Risk Factors" section and throughout the Annual Report on Form
10-K for the year ended December 31, 2010. The statements are only
as of the date they are made, and the Company undertakes no
obligation to update any forward-looking statement.
Possible events or factors that could cause results or
performance to differ materially from those expressed in our
forward-looking statements include the following: changes in
immigration laws, patterns and other factors related to migrants;
our ability to adapt technology in response to changing industry
and consumer needs or trends; our failure to develop and introduce
new products, services and enhancements, and gain market acceptance
of such products; the failure by us, our agents or subagents to
comply with our business and technology standards and contract
requirements or applicable laws and regulations, especially laws
designed to prevent money laundering, terrorist financing and
anti-competitive behavior, and/or changing regulatory or
enforcement interpretations of those laws; the impact on our
business of the Dodd-Frank Wall Street Reform and Consumer
Protection Act and the rules promulgated there-under; changes in
United States or foreign laws, rules and regulations including the
Internal Revenue Code and governmental or judicial interpretations
thereof; changes in general economic conditions and economic
conditions in the regions and industries in which we operate;
political conditions and related actions in the United States and
abroad which may adversely affect our businesses and economic
conditions as a whole; interruptions of United States government
relations with countries in which we have or are implementing
material agent contracts; mergers, acquisitions and integration of
acquired businesses and technologies into our Company, and the
realization of anticipated financial benefits from these
acquisitions; changes in, and failure to manage effectively
exposure to, foreign exchange rates, including the impact of the
regulation of foreign exchange spreads on money transfers and
payment transactions; our ability to resolve tax matters with the
Internal Revenue Service and other tax authorities consistent with
our reserves; failure to comply with the settlement agreement with
the State of Arizona; liabilities and unanticipated developments
resulting from litigation and regulatory investigations and similar
matters, including costs, expenses, settlements and judgments;
failure to maintain sufficient amounts or types of regulatory
capital to meet the changing requirements of our regulators
worldwide; deterioration in consumers' and clients' confidence in
our business, or in money transfer and payment service providers
generally; failure to manage credit and fraud risks presented by
our agents, clients and consumers or non-performance by our banks,
lenders, other financial services providers or insurers; any
material breach of security of or interruptions in any of our
systems; our ability to attract and retain qualified key employees
and to manage our workforce successfully; our ability to maintain
our agent network and business relationships under terms consistent
with or more advantageous to us than those currently in place;
failure to implement agent contracts according to schedule; adverse
rating actions by credit rating agencies; failure to compete
effectively in the money transfer industry with respect to global
and niche or corridor money transfer providers, banks and other
money transfer services providers, including telecommunications
providers, card associations, card-based payment providers and
electronic and internet providers; our ability to protect our
brands and our other intellectual property rights; our failure to
manage the potential both for patent protection and patent
liability in the context of a rapidly developing legal framework
for intellectual property protection; cessation of various services
provided to us by third-party vendors; adverse movements and
volatility in capital markets and other events which affect our
liquidity, the liquidity of our agents or clients, or the value of,
or our ability to recover our investments or amounts payable to us;
decisions to downsize, sell or close units, or to transition
operating activities from one location to another or to third
parties, particularly transitions from the United States to other
countries; changes in industry standards affecting our business;
changes in accounting standards, rules and interpretations;
significantly slower growth or declines in the money transfer
market and other markets in which we operate; adverse consequences
from our spin-off from First Data Corporation; decisions to change
our business mix; catastrophic events; and management's ability to
identify and manage these and other risks.
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Western Union (NYSE:WU)
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부터 6월(6) 2024 으로 7월(7) 2024
Western Union (NYSE:WU)
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부터 7월(7) 2023 으로 7월(7) 2024