western union co (WU) Key Developments
The Western Union Company and Western Union Agent Sogexpress Launch New Platform That Enables Haitian Diaspora to Use Remittances to Finance Renewable Energy Products for Families and Friends in Haiti
Jul 23 15
The Western Union Company and Western Union Agent Sogexpress launched a new platform that enables the Haitian diaspora to use remittances to finance renewable energy products for families and friends in Haiti, where only 28% of the population has access to electricity. The platform features a dedicated website that allows local customers and senders living abroad to pre-order the solar light kit of their choice. They then use their order number to complete payment at participating Western Union Agent locations around the world via the Western Union® Quick PaySM platform. Orders will be fulfilled by Sogexpress in three to five working days. Western Union and Sogexpress’ corporate commitments provide an ecological and viable solution to address Haiti’s “energy poverty” challenge. The two companies are key partners of the ‘Klere Ayiti’ – “Light-up Haiti” – initiative made possible by technical assistance funded by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, and the United States Agency for International Development (USAID), and provided by Arc Finance. The objective of ‘Klere Ayiti’ is to catalyze new commercial business models that will increase consumer access to clean energy in Haiti. The model is based on one piloted in a previous MIF-Arc Finance-Sogexpress project executed in 2012 to 2013. The remittance platform will add a new financing option to enable Haitians to access larger systems that have economic, health, and social benefits.
Western Union and Kroger Extend Their Relationship
Jul 22 15
Western Union announced the extension of its more than 30-year relationship with The Kroger Co. This agreement gives customers the ability to send and receive Western Union Money Transfer® transactions across the United States or across the globe to more than 200 countries and territories, in minutes. In addition, Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.
The Western Union Company Announces Quarterly Dividend, Payable September 30, 2015
Jul 16 15
The Western Union Company announced that its board of directors declared a quarterly cash dividend of $0.155 per common share, payable September 30, 2015 to stockholders of record at the close of business on September 16, 2015.
The Western Union Company Appoints Martin I. Cole as Board of Director and Member of the Audit and Compliance Committees
Jul 16 15
The Western Union Company announced Martin I. Cole has been appointed to the company’s Board of Directors, effective July 16, 2015 to serve until the next annual election of directors. Mr. Cole will also serve on the Audit and Compliance Committees of the Board. Mr. Cole served as Chief Executive Officer of the Technology Group at Accenture plc from 2012 to 2014. During his career at Accenture, Mr. Cole held a number of roles of increasing responsibility, including: Chief Executive Officer of the Communications, Media & Technology Operating Group from 2006 to 2012; as Chief Executive Officer of the Government Operating Group from 2004 to 2006; as Managing Partner of the Outsourcing and Infrastructure Delivery Group from 2002 to 2004; and as Partner in the Outsourcing and Government Practices Group from 1989 to 2002. Prior to that, Mr. Cole served Accenture and its predecessor in a variety roles beginning in 1980. Mr. Cole has been a director of Western Digital Corporation since December 2014.
The Western Union Company Activates In-Bound Western Union Money Transfer Service into Greece
Jul 7 15
The Western Union Company activated in-bound Western Union Money Transfer® service into Greece, allowing customers to receive funds into their bank accounts from family or loved ones from 31 countries across North America, Europe, CIS and Asia Pacific. Western Union re-activated its Direct to Bank service to Greece to allow for funds to reach its population from overseas. Western Union Money Transfers will be credited based on the agreed send value into the bank accounts of customers; but the €60 per transaction per customer per day withdrawal limits imposed by the Greek Government will continue to apply. Western Union is seeking to expand its in-bound payout locations while also seeking to restore full service on its domestic and outbound business as soon as practicable.