Western Union

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Western Union

An American financial services company. It provides wire transfers, money orders and similar services. It is especially popular among persons without bank accounts who need to transfer money. It began as a telegraph company in 1851. It is based in Englewood, Colorado.
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Travelex, which has more than 1,500 outlets and more than 1,300 cash machines in 27 countries, sold assets including a card-programme management unit to MasterCard Inc in 2011 and a business-payments unit to Western Union Co to focus on its consumer business.
Western Union Co, the world's largest money transfer company, said it had suspended services through Bank Rossiya branches but was continuing services at more than 20,000 locations and self-service terminals in Russia.
The blocking of donations by Bank of America Corp , Visa Inc , MasterCard Inc , eBay Inc unit PayPal and Western Union Co had destroyed 95 percent of WikiLeaks' revenue, he added.
London-based Moneybookers competes with online auctioneer eBay's Paypal service, and with money transfer companies including Western Union Co for "peer-to-peer" business such as helping expatriates send money home.
Austrian oil and gas company OMV AG said Tuesday it has struck a deal to offer Western Union Co.
financial services; and Coca-Cola Enterprises (a bottler and marketer), food and beverage; Western Union Co.
The dollar "entered the week on its back foot in response to the Fed's surprise move the week before," Joe Manimbo, a market analyst in Washington at Western Union Business Solutions, a unit of Western Union Co, said in a phone interview.

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