Western Union Launches the "Money Transfer Receive Card"

June 30, 2011 08:30 AM Eastern Daylight Time 

Western Union Launches a New Way to Receive Money Transfers Sent from around the Globe

Money Transfer Receive Card Provides Multiple Benefits to Consumers

ENGLEWOOD, Colo.--(BUSINESS WIRE)--The Western Union Company (NYSE:WU), a leader in global payments, announced today a convenient new way to receive Western Union Money Transfer^® transactions with the launch of the Western Union Money Transfer Receive Card.

“This new Receive Card delivers what consumers need and want: convenient, fast and reliable money-management solutions”

The innovative new card gives consumers a simple way to receive money transfers. All they have to do is pick up a card at a select Western Union^® Agent location in the U.S. and complete the transaction to receive a money transfer online or over the phone. The process is seamless and can be completed quickly, with no forms to fill out.

“This new Receive Card delivers what consumers need and want: convenient, fast and reliable money-management solutions,” said David Yates, President, Business Development and Innovation, Western Union. “And for our Agents, it offers an efficient means for handling transactions with minimal effort and expense while driving foot traffic and revenue.”

Western Union will begin offering the cards at select Western Union Agent locations this summer.

Once activated, the Money Transfer Receive Card can be used anywhere Debit MasterCard^® is accepted worldwide, including online as well as at ATMs for cash withdrawals. Funds on the card are protected by the MasterCard zero-liability policy, an added convenience for consumers who may not wish to carry cash.

The Money Transfer Receive Card can be upgraded to allow the cardholder to add funds to the card and receive additional money transfers on the card in the future.

The card is now available in the U.S. for money transfers sent from anywhere in the world, including from within the United States. The card can be found at participating Western Union Agent locations, including those offering the Money Transfer By Phone and Western Union goCASH^SM services.

When coupled with the innovative Western Union goCASH service, the Money Transfer Receive Card offers retailers who cannot support Western Union’s traditional full-service options new access to Western Union’s network. The goCASH service allows people to purchase a card at checkout at select retailers nationwide and complete a money-transfer transaction later via phone or online.

The Western Union Money Transfer Receive Card

Benefits to Consumers:

• Simple and convenient way to receive money
• No forms to complete
• Cards are accepted anywhere Debit MasterCard^® is accepted worldwide including online as well as withdrawing cash at ATMs
• Card can be upgraded by the consumer to become reloadable
• Ability to manage the card account both online and over the phone

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. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of 455,000 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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Notes:

• ATM withdrawals limited to $500/day. The combination of ATM transaction fees and currency denominations available at a particular ATM may prevent you from accessing the Card’s entire principal balance in cash.
• The MasterCard Zero Liability policy covers U.S.-issued cards only and does not apply to ATM transactions, PIN transactions not processed by MasterCard, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.mastercard.com /security. Refer to Cardholder Agreement for fees on card use, replacement and card account closure.
• Common card fees include: $1.95 ATM Withdrawal Fee (plus applicable ATM operator fees), $0.45 ATM Inquiry/Decline Fee, $2.50 monthly Inactivity Fee after 12 months of non-use and a $4.95 Reload Fee. Additional fees could include Re-issue card fee of $5, Bank to card transfer fee of $1, paper statement fee of $3, and currency conversion gains and fees. See Cardholder Agreement for a complete description of fees.

Contacts

Western Union
Media
Kristin Kelly, 720-332-4751
Kristin.kelly@westernunion.com
or
Investors
Mike Salop, 720-332-8276
mike.salop@westernunion.com