Western Union Streamlines Incoming Payments for Legal Firms
10 3월 2020 - 10:00PM
Business Wire
Introducing Incoming Payments for Legal
Western Union (NYSE: WU), a leader in cross-border,
cross-currency money movement and payments, has launched WU®
Incoming Payments for Legal, targeted at small and medium-sized law
firms to help manage the administration and foreign exchange
volatility often associated with foreign invoices. This new
solution, available in the United States, addresses a pain point in
the industry: law firms who incur bank processing fees with
incoming foreign payments.
Foreign receivables, regardless of the amount, often have a bank
or processing fee associated with them. The Incoming Payments for
Legal solution helps eliminate those fees.
By setting up the law firm’s invoicing system through Western
Union Business Solutions, firms can invoice an overseas vendor in
their local currency. The payment is directed to a Western Union
Business Solutions account held in the local currency, helping
avoid currency exchange volatility and bank fees. Once Western
Union Business Solutions receives payment from the law firm’s
vendor, it initiates the process of moving the foreign currency to
the law firm’s account, crediting the firm’s account in USD.
With 30 years’ experience working with more than 700 law firms
worldwide, Western Union Business Solutions is an expert in
streamlining firms’ domestic and cross-border payments. As a
trusted partner to the legal industry, we provide an end-to-end
payments solution to simplify complicated payments processes and
drive efficiencies.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. Our
omnichannel platform connects the digital and physical worlds and
makes it possible for consumers and businesses to send and receive
money and make payments with speed, ease, and reliability. As of
December 31, 2019, our network included over 550,000 retail agent
locations offering our branded services in more than 200 countries
and territories, with the capability to send money to billions of
accounts. Additionally, westernunion.com, our fastest growing
channel in 2019, is available in over 70 countries, plus additional
territories, to move money around the world. With our global reach,
Western Union moves money for better, connecting family, friends
and businesses to enable financial inclusion and support economic
growth. For more information, visit www.westernunion.com.
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Cristina Hoole Western Union Mobile: +44-(0)7766 070978
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