Western Union Announces Completion of Sale of Speedpay U.S. Domestic Bill Pay Business
09 May 2019 - 11:04PM
Business Wire
The Western Union Company (NYSE: WU), a global leader in
cross-border, cross-currency money movement, today announced the
Company has completed the sale of its Speedpay U.S. domestic bill
pay business to ACI Worldwide for approximately $750 million in
cash.
Speedpay provides electronic bill presentment and payment
solutions to a variety of business sectors in the U.S., including
utilities, auto finance, mortgage, consumer finance, insurance,
telecommunications, and government finance.
The Company also completed the sale of Walletron, a provider of
mobile bill presentment solutions previously acquired by Western
Union, to ACI Worldwide for undisclosed terms.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of March 31,
2019, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2018, is available in
approximately 70 countries, plus additional territories, to move
money around the world. With our global reach, Western Union
moves money for better, connecting family, friends and businesses
to enable financial inclusion and support economic growth. For more
information, visit www.westernunion.com.
WU-G
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190509005556/en/
Media Relations:Claire Treacy+1 (720) 332-0652claire.treacy@westernunion.comInvestor
Relations:Mike Salop+1 (720)
332-8276mike.salop@westernunion.com
Western Union (NYSE:WU)
Historical Stock Chart
From Sep 2024 to Oct 2024
Western Union (NYSE:WU)
Historical Stock Chart
From Oct 2023 to Oct 2024