Western Union Expands Payment Suite with Western Union® Small Business Payments Targeting Small to Medium Sized Businesses
December 06 2011 - 8:00AM
Business Wire
The Western Union Company (NYSE:WU), a leader in global
payments, today announced the launch of Western Union® Small
Business Payments, an online payment acceptance and accounts
receivable service designed specifically for small-to-midsized
businesses. The new Western Union payments solution, available
nationwide in the United States, delivers payment processing,
automated invoicing, recurring billing, customer management and
reporting, in one integrated payment suite for small-to-medium
business owners.
The Small Business Payments service is the latest offering in
the full spectrum of Western Union® billing and payment solutions,
including walk-in, online, sms text and mobile channels.
“Western Union understands the need for business owners to
invoice and accept payments in a timely, efficient manner to
optimize their cash flow and keep their businesses healthy,” said
Victoria Lopez-Negrete, senior vice president and general manager,
North America, Western Union. “With Western Union, small-to-medium
sized businesses, which continue to play a vital role in the U.S.
economy, can manage their businesses more efficiently.”
As an integrated payments solution, Small Business Payments will
allow business owners to enroll for the service online quickly and
effortlessly. Small business customers will benefit from the ease
and convenience of online or phone payments from their checking
account or credit card. More than 27 million small businesses exist
in the U.S. marketplace, according to the U.S. Department of
Commerce Census Bureau. The service is designed to meet the unique
needs of this business segment, with features customized to deliver
high value in performance, reliability, and ease of use.
Western Union: Committed to Small Businesses
The enhanced Western Union payment suite is a valuable addition
to the company’s services for small business owners and
entrepreneurs. Western Union has long supported small businesses
through its core products and services. In addition, the Western
Union Foundation has provided millions of dollars to support and
fund programs that equip small business owners with business
training, funding and opportunities for enhanced visibility and
business networking.
To view a demo of the new Western Union payments service and for
more information visit, smallbusiness.westernunion.com/demo
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, 2011, the Western Union, Vigo and Orlandi Valuta
branded services were offered through a combined network of
approximately 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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