STRATEGIC PARTNERS
March 5, 2002
ENGLEWOOD, Colo. -- The Western Union Cash Card service has been approved for a stored-value pilot program with the STAR Network. The Western Union Cash Card, issued by Western Union Industrial Bank, is a service of Western Union Financial Services, Inc., a subsidiary of First Data Corporation (NYSE: FDC).
The Western Union Cash Card service is a pre-paid debit program providing consumers without traditional banking relationships the means to conduct financial transactions electronically.
Using the service, consumers can receive direct deposit of payroll or federal benefits and can transfer funds into the program at participating Western Union agent locations. They can also use the Western Union Cash Card to access those funds at ATMs or participating Western Union agent locations and to pay for goods and services at ATM and merchant locations throughout the United States.
Western Union Cash Card is already available through ATMs in the PLUS Network. Membership in the STAR Network will now add to the program more than 620,000 participating ATMs and merchant locations, including grocery stores, convenience stores, gas stations and restaurants.
Employers will also be able to make direct deposits of payroll through the Western Union Cash Card Corporate program.
