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.
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 goCASHSM 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