Western Union International Commercial Services Division pinpointed a problem for international businesses: receiving payments from business partners and customers conveniently and on-time. In response to this need, ICS developed two Global Payment Solutions, Western Union Quick Pay and Quick Cash, which allow businesses to receive or send faster, easier and 100% secure international payments.
The Quick Pay service is free to businesses and enables their clients to go to any Western Union Agent location to make an easy payment in cash, paying a low fixed fee for the transaction. Quick Cash gives businesses the capability to send cash just about anywhere in the world at a low-cost per transaction from an office PC, with the funds available for pickup at any Western Union Agent location.
“Our Global Payment Solutions touched a nerve within the international business community,” said Frank Angrisani, Senior Vice President, Western Union, ICS. “It spurred us to find more ways to use the Western Union platform to enhance business funds transfers throughout the world.” Based on the success of Quick Pay and Quick Cash, he announced six additional services, including products for business-to-business transactions; government agency benefits payouts and cash disbursements by banks and other lending institutions. The following is a description of the division’s new Global Payment Solutions that will help revolutionize business payments in the Year 2000. More details are available on the Western Union International Commercial Services website at [www.payment-solutions.com] or email Fran Falino at email@example.com.
— Western Union Direct Pay takes the hassle out of global commerce. Now companies can transfer payments directly to and from business partners internationally and much faster, safer and easier than conventional payment methods like bank wires or foreign checks. The sending company uses Western Union software installed on an office PC and pays a low, fixed fee per payment transaction. The company receiving the payment is notified electronically that the funds have been transferred to their designated bank account.
— Western Union Signature Services is customized for financial institutions, which can now disburse funds anywhere in the world. And, they may market the service by co-branding and leveraging Western Union’s worldwide name recognition. Financial institutions, insurance companies and businesses can now issue payouts or dividends to clients globally. It’s one of the fastest, safest ways to disburse funds, which may be picked up in cash at any of 80,000-plus Western Union Agent locations.
— Western Union Easy Loan makes it possible for any bank or other financial institution to reach their customers anywhere in the world. This remarkably fast, 100% secure service allows lenders to send funds of all types to recipients utilizing the Western Union platform. In addition, Western Union Easy Loan may be used to transfer credit card cash advances. The recipient may pick up the cash at any one of Western Union’s Agent locations worldwide or designate another recipient such as a friend or family member.
— Western Union Benefits Quick Cash enables government agencies to instantly issue benefits payments directly from the agency. Benefits, social security, civil service annuity and other cash payouts may be sent to recipients worldwide with a greater level of ease and secure. The recipient simply picks up the funds at any Western Union Agent location. Or, the recipient may choose Western Union Benefits Direct and have the funds direct-deposited into their designated bank account. Benefits Direct offers speed, convenience and the peace of mind of direct-deposit.
— Western Union Global Cash Management Services provide banks with an alternative for global cash management that enables them to disburse funds for corporate clients, using the 80,000-plus Western Union Agent locations worldwide. With Western Union Global Cash Management Services, banks have the ability to collect or distribute funds for corporate clients securely and easily.