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Western Union Business Solutions announced as Payments Award finalist

LONDON – 5th August, 2016 – Western Union Business Solutions is shortlisted for the B2B Payments Innovation of the Year award. The entry submission focuses on the WU EDGE, launched earlier this year in Europe. The new fee-free* network payment feature recently expanded to 51 currencies across 13 countries, with the speed of cross-border payments also increasing to allow transferring funds from buyers to sellers on the digital trading platform within minutes.

The Enterprise Digital Global Exchange ‘EDGE’ is the latest technological innovation launched by Western Union Business Solutions and covers 13 key markets (UK, US, Canada, Australia New Zealand, Singapore, Hong Kong, Austria, France, Germany, Italy, Poland and the Czech Republic)

Kerry Agiasotis, President at Western Union Business Solutions, said:“We are delighted to have been shortlisted for the B2b Payments Innovation of the Year award. Since the launch of the WU EDGE platform businesses across the world are using the platform to support their aspirations to grow, invest and deliver the jobs of the future. We are very proud of today’s announcement –and it’s testament to our strengthening partnership with SME customers worldwide.”

The Payments Awards recognise cards and payments excellence and innovation – and are organised by FStech and Retail Systems. Winning entries come from those companies, individuals and organisations who have launched and/or implemented the most outstanding payments solutions, initiatives and projects during the past year.

This year’s winners will be announced at the Payments Awards Gala Dinner & Ceremony on 20 October 2016 at the London Marriott Hotel Grosvenor Square.  The event was attended by over four hundred guest in 2015 and this year is set to be bigger than ever.

 

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Media Contacts:

Liesl Smith, Director, Global Corporate Communications
Western Union Business Solutions
Phone: +44 (0)208 563 6347

Mobile: +44 (0) 7710 185864

Liesl.smith@westernunion.com

Vanessa Chance/Lizzy Chesters
Redleaf Communications
+44 (0)207 382 4740
wubs@redleafpr.com

About the Payments Awards

Now in their 4th year the Payments Awards recognise cards and payments excellence and innovation. Organised by FStech www.fstech.co.uk and Retail Systems www.retail-systems.com , the Payments Awards are a perspective publishing event www.perspectivepublishing.com.

About Western Union Business Solutions

Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs. It is a business unit of The Western Union Company (NYSE: WU), a leading non bank provider of cross border payments, which offers Business Solutions services 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 130 currencies.  

Services in the UK are provided by Custom House Financial (UK) Limited (which does business under the trade name of Western Union Business Solutions) or Western Union Business Solutions (UK) Limited (collectively referred to as "WUBS" or "Western Union Business Solutions"). 

Custom House Financial (UK) Limited (registered in England, Company Number 04380026, Registered Office Address: 12 Appold Street, London EC2A 2AW) is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009 (Register Reference: 517165) for the provision of payment services and is registered as an MSB with HM Revenue & Customs (Registered No: 12140130).  Western Union Business Solutions (UK) Limited (registered in England, Company Number 02854737, Registered Office Address: 12 Appold Street, London, EC2A 2AW) is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009 (Register Reference: 536611) for the provision of payment services and is registered as an MSB with HM Revenue & Customs (Registered No: 12122416).

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Faciland 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 December 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 and kiosks. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com

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 December 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 and kiosks. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.

About DEC

The DEC – Disasters Emergency Committee – brings together 13 leading UK aid agencies to raise money at times of humanitarian crisis in poorer countries. By working together we can raise more money to save lives and rebuild shattered communities.