Western Union Joins Advent Financial to Offer Tax Refunds on Prepaid Cards
31 1월 2013 - 11:24PM
Business Wire
Just in time for tax season, Western Union today announced that
it has joined forces with Advent Financial to offer quick and easy
access to tax refunds on prepaid cards at more than 5,000 tax
preparer locations in over 45 states.
Beginning next week, people filing their federal and state tax
returns at tax-return preparation offices offering financial
products through Advent can elect to receive their refunds on the
Get It Prepaid MasterCard®, a general-purpose reloadable (GPR)
prepaid card offered by Western Union and Advent.
Not only can the Get It Card be a quicker and more convenient
method of receiving a tax refund than a paper refund check – it can
be used after the refund has been spent. Cardholders can reload
their cards at one of 45,000 Western Union® Agent locations in the
U.S., by transferring money from a bank account, via direct deposit
or by directing a Western Union Money Transfer® transaction
directly onto the card.
“According to the FDIC, nearly one-third of people in the U.S.
are underbanked,” said Mike Hafer, SVP, Global Stored Value,
Western Union. “This card has the power to bring many into the
financial mainstream. We’re proud to offer a great way for people
to manage their finances and now, receive their tax refunds
conveniently.”
According to the U.S. Department of the Treasury, the number of
people electing to receive their refunds on prepaid cards has grown
steadily and is projected to continue to grow – especially as more
and more states eliminate paper refund checks altogether.
“We are pleased to team with Western Union to extend the
functionality of our Get It Card at tax time and beyond,” said John
Thompson, President, Advent. “Together we have created access to a
highly functional and convenient set of features to help improve
the financial capabilities of our cardholders. We are also excited
about the important client referral opportunities now available to
our tax preparers through this alliance with one of the world’s
most recognizable brands.”
Existing Western Union prepaid cardholders also can direct their
tax refunds onto their prepaid cards at any tax preparation company
or when filing their own taxes.
For more information on participating locations, visit
www.findmytaxoffice.com. For information on the Get It Card and how
it works, visit www.mygetitcard.com. For information on how to
direct a refund onto any Western Union prepaid card, visit
www.wuprepaid.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. As of
September 30, 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 2011, The Western Union Company completed 226
million consumer-to-consumer transactions worldwide, moving $81
billion of principal between consumers, and 425 million business
payments. For more information, visit www.westernunion.com.
About Advent Financial
Advent Financial provides a full suite of tax refund settlement
and disbursement products for independent tax preparers. Advent's
settlement products are integrated in most major tax preparation
software packages or available in an easy-to-use “direct” model.
Through its tax preparer partners, employer payroll relationships
and directly online, Advent also delivers affordable, everyday
banking products for underbanked consumers, including the Get It
Prepaid MasterCard. Advent was founded in 2008 and is based in
Kansas City, Missouri.
The Get It Prepaid MasterCard is issued by The Bancorp Bank, a
wholly owned subsidiary of The Bancorp, Inc (Nasdaq: TBBK),
pursuant to license from MasterCard International Incorporated. The
Bancorp Bank; Member FDIC. Use this card everywhere Debit
MasterCard is accepted. MasterCard is a registered trademark of
MasterCard International Incorporated.
WU-G
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