The Western Union Company (NYSE:WU), a leader in global payments, today announced the launch of Western Union® Small Business Payments, an online payment acceptance and accounts receivable service designed specifically for small-to-midsized businesses. The new Western Union payments solution, available nationwide in the United States, delivers payment processing, automated invoicing, recurring billing, customer management and reporting, in one integrated payment suite for small-to-medium business owners.
The Small Business Payments service is the latest offering in the full spectrum of Western Union® billing and payment solutions, including walk-in, online, sms text and mobile channels.
“Western Union understands the need for business owners to invoice and accept payments in a timely, efficient manner to optimize their cash flow and keep their businesses healthy,” said Victoria Lopez-Negrete, senior vice president and general manager, North America, Western Union. “With Western Union, small-to-medium sized businesses, which continue to play a vital role in the U.S. economy, can manage their businesses more efficiently.”
As an integrated payments solution, Small Business Payments will allow business owners to enroll for the service online quickly and effortlessly. Small business customers will benefit from the ease and convenience of online or phone payments from their checking account or credit card. More than 27 million small businesses exist in the U.S. marketplace, according to the U.S. Department of Commerce Census Bureau. The service is designed to meet the unique needs of this business segment, with features customized to deliver high value in performance, reliability, and ease of use.
Western Union: Committed to Small Businesses
The enhanced Western Union payment suite is a valuable addition to the company’s services for small business owners and entrepreneurs. Western Union has long supported small businesses through its core products and services. In addition, the Western Union Foundation has provided millions of dollars to support and fund programs that equip small business owners with business training, funding and opportunities for enhanced visibility and business networking.
To view a demo of the new Western Union payments service and for more information visit, smallbusiness.westernunion.com/demo
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of September 30, 2011, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 485,000 Agent locations in 200 countries and territories. In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving $76 billion of principal between consumers, and 405 million business payments. For more information, visit www.westernunion.com.