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Fidelity National Information Services, Western Union offer money remittance at U.S. banks
April 20, 2009
ENGLEWOOD, Colo. — The Western Union Co. and Fidelity National Information Services, a provider of processing and technology solutions for financial institutions, have partnered to offer Western Union global money transfer services to more than 8,500 banking institution clients throughout the United States.
According to a news release, the deal marks an important step in Western Union's North America "go-to-market" strategy to continue its expansion into the banking channel. As Western Union expands its service offerings, in an effort to strongly position money transfers to consumers, it looks to tap into consumer banking channels, including Cash-to-Cash, Account-to-Cash and Account-to-Account.
"FIS is excited to offer Western Union's global money transfer service to our banking institution clients, adding strategic value to a bank's portfolio of services and convenience to consumers," said Anthony Ficarra, executive vice president of FIS's eBusiness. "We see Western Union as a strong and strategic fit in providing our clients and their customers with the convenience of a well-established and strong Western Union Agent network to easily transfer money to family and friends."
Once an FIS client agrees to offer Western Union's services, the financial institution is connected to more than 334,000 Western Union Agent locations worldwide, enabling banked consumers to efficiently send money transfers in the United States and around the globe.
FIS also recently teamed with online financial application and payments provider Yodlee, Inc. and Western Union Payment Services to expand the value and capabilities of online bill pay for FIS customers and other leading financial institutions worldwide.
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