Western Union Business Solutions Launches International Business Development Program with United Bankers’ Bank
May 21 2018 - 9:00AM
Business Wire
This first of its kind program provides United
Bankers’ Bank with a dedicated resource focused on growing their
international payments business
The Western Union Company (NYSE: WU), a global leader in cross
border, cross currency money movement, today announced a unique
collaboration between one of its U.S.-based subsidiaries, Western
Union Business Solutions (USA), LLC and United Bankers’ Bank. The
International Business Development program by Western Union
Business Solutions encourages its financial institution clients to
have a dedicated resource on staff that focuses solely on growing
their international payments business which ultimately helps to
grow non-interest income, retain customers, and acquire new
customers.
“Western Union Business Solutions is a true payments engine for
financial institutions,” said Western Union Business Solutions
regional head of the United States Alfred Carpetto. “Having someone
dedicated to international business development at United Bankers’
Bank that receives one-on-one support from a dedicated team at
Western Union Business Solutions is a win for both organizations,”
Carpetto said.
Western Union Business Solutions works with financial
institutions to improve the revenue and retention potential of
international payment services. No matter the size of an
institution, Western Union Business Solutions offers the solutions
and support to make their international payments programs
world-class, allowing them to grow their international business,
non-interest income and deepen customer satisfaction.
Late last year, client manager Douglas Featherstone spearheaded
the creation of the International Business Development program at
Western Union. Due to these efforts, United Bankers’ Bank announced
implementation of the program and the hiring of John Beerling as
Vice President of International Business Development. Beerling is
also a veteran in the industry with more than 20 years of
experience with international markets and foreign exchange.
“We believe having a dedicated resource to promote and sell our
international payment services will help us to further meet the
expanding needs of our customers and provide them with a
competitive advantage in the markets they serve,” said John
Peterson, Executive VP and Chief Marketing Officer for United
Bankers’ Bank.
The International Business Development program will involve
direct collaboration between Western Union Business Solutions and
United Bankers’ Bank, focusing on untapping the significant revenue
potential international payments represents to their institution
and will serve as a pilot for future collaborations with financial
institutions across the country.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. 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 March 31,
2018, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta 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 2017, is available in more than 40
countries to move money around the world. In 2017, we moved over
$300 billion in principal in nearly 130 currencies and processed 32
transactions every second across all our services. 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.
WU-G
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FleishmanHillard FishburnLouise McHenry,
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