The facts about Western Credit Union

Western Union was founded in 1851 with the name New York and Mississippi Valley Printing Telegraph Company. It became Western Union in 1856 in honour of the consolidation of telegraph lines which reached the westernmost parts of the country. Nowadays, it continues to grow across the world. The following article provides you with an overview on the Western Credit Union.

Consumer-to-consumer service

By 2006, the company handled "147 million consumer-to-consumer money transfers and 249 million consumer-to-business transactions". Benefits Western Union allows people to transfer money as well as receive money to and from people internationally. The way in which it is done is through international "third-party agents". You can transfer money by walking in to an office to complete a wire transfer. Send money online If you prefer to complete the transaction in another way, you can send money online. For this method, it will be necessary to provide your Visa or MasterCard number or debit card number. Transfer money Transferring money via phone is possible in the UK and US by calling a registered agent. In some countries, Western Union has a
"bank deposit service" that allows you to deposit money directly into a bank account or a stored-value card.

Business-to-business services

Western Union offers services to business such as the following: - International Payment Services - Risk Management Solutions - Corporate Account Management Services - Foreign Exchange Solutions - Online FX and Payment Platforms Other benefits The company also helps businesses to transfer their money 24/7, to save the business money by paying with foreign money, and also to do so with the exchange rate that is most favourable.

Business Solutions Services

Western Union is able to help businesses by offering bill payment solutions. It makes it possible for customers to pay bills when they are due or late, send money internationally in minutes, as well as offer these services on online sites, retail branches and call centres.

Additional services

Western Union is able to provide other services as well, such as pre-paid MasterCards. These pre-paid cards can be used to withdraw money from the customer's bank account, or be preloaded by business. Money orders are also available through the company as well as gift cards and recognition certificates with the company's logo and personalised messages. Western Union also makes it possible to pre-pay bills, such as some utility bills and phone bills.