The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Consumer-to-Business; Business Solutions; and Other. Western Union has agreed to pay $586 million to provide refunds to victims through a related, but separate, agreement with the Federal Trade Commission and U.S. Department of Justice filed in January. Based in Englewood, Colorado, Western Union boasts more than 500,000 agent locations around the world, more than 70,000 of which are in North America. In Jan 2006, Western Union signed an unique world-wide arrangement with Travelex.
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Money Transfer branches
Many people select Western Union for their money transfer needs, due primarily to the company's name recognition and trusted histor. To send money directly to a bank account via Western Union, consumers simply need the recipient's full name, the name of the recipient's bank and the recipient's bank account number. Western Union lets you see the latest exchange rates on its website, and you can also check the most up-to-date rates by visiting a Western Union location or by speaking to a company representative over the phone. Western Union has been a leader in the telegraph and money transfer industry for more than a century. However, in 2006, when the last telegram was sent, the company needed to overhaul its focus and retrain its global workforce.
Western Union Co (WU) statistic
Last Price: 21＄
Change:(YTD) 19.01 ＄
Change Percent: YTD 10.4681746449 %
Market Capitalization: 9 675 267 000