Expaticore Services LLC Announces Deal With Western Union Business Solutions
June 30 2014 - 8:30AM
Expaticore Services LLC ("Expaticore"), a leading provider of
global payroll and mobility solutions, and Western Union Business
Solutions, a unit of the Western Union Company and a leader in
global payment services, have announced today the formalization of
their longstanding strategic partnership.
The new agreement between Expaticore and Western Union Business
Solutions will result in further integration between the two
parties for the ultimate benefit of those using the Expaticore
program. Together, Expaticore and Western Union Business Solutions
will offer an industry-leading, secure and efficient means of
delivering payroll-related funds to employee and tax authority
beneficiaries anywhere in the world. Benefits will include:
- Multiple options to deliver funds to employees in over 200
countries and territories, including the possibility of pre-funded
payroll transactions;
- Transactions via Western Union Business Solutions'
global financial infrastructure and payroll payments platform,
including employee detail validation and compliance checks;
- Local clearing for payments to 70+ countries, reducing
beneficiary bank fees.
"Global payroll is quite complicated even before the first dime
is delivered to an employee," says Dave Leboff, President of
Expaticore. "Imagine trying to centrally manage payroll
administration in a multitude of countries and languages, with
different sets of compliance rules, currencies and pay
frequencies. Clients turn to our firm to seamlessly administer
that complete solution for both local nationals and
expatriates. We securely move payroll data to and from dozens
of in-country payroll processors and complete complex payroll
calculations on behalf of our clients, ensuring their compliance
with all local payroll rules."
"We first started working with Western Union Business Solutions
in 2007 and have relied on their platform to deliver the foreign
exchange components of the payroll process ever since. We have
always been impressed by the extreme reliability of their service
and we are thrilled to be launching a formal partnership that will
give our clients direct access to their world-class platform," said
Mr. Leboff.
"As companies and organizations become increasingly
international they have to grapple with the challenges that come
with staff mobility, including large-scale multi-currency payments,
security-related regulations and the administrative costs of
managing the entire process," said Jonathan Rees, North American
Managing Director, Western Union Business Solutions. "We are
delighted to be launching this partnership with Expaticore. Our
joint offering will provide clients with a seamless global payroll
and payments solution that will enable them to make the
administration of a global workforce as straightforward and
efficient as possible, leaving them more time to grow their
business."
About Expaticore
Established in 2002 to support clients that manage global
workforces and transfer employees worldwide, Expaticore has grown
into a leading provider of international payroll and mobility
solutions. The Company offers its international payroll operations,
payroll compliance, international funds management, global mobility
program design and management, and other global HR consulting
services to organizations of all sizes. Expaticore's
commitments to the highest standard of customer service in the
industry, its certified, secure data-management environment, and
its dedication to the careful management of client risk through
diligence, compliance and control are valued dimensions of every
solution implemented for the Company's clients. For more
information, please visit www.expaticore.com.
About Western Union Business Solutions
Western Union Business Solutions is a global financial
services provider that enables companies of all sizes to send and
receive international payments and manage global cash flow,
creating unique solutions tailored to meet their individual needs.
It is a business unit of the Western Union Company (NYSE:WU), a
leading nonbank provider of cross border payments, and operates
services through locally licensed affiliates in over 30
countries. Clients are supported by a network of trading
offices, strategic banking relationships and a global clearing
network and can send cross-border foreign exchange payments in more
than 135 currencies.
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
March 31, 2014, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of over 500,000
agent locations in 200 countries and territories and over 100,000
ATMs. In 2013, The Western Union Company completed 242 million
consumer-to-consumer transactions worldwide, moving $82 billion of
principal between consumers, and 459 million business payments. For
more information, visit www.westernunion.com.
CONTACT: Media Contact: Amber Morris at +1 (212) 239-2625 ext. 226
amorris@expaticore.com
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