Customers can obtain pre-paid Visa cards and reload accounts at Western Union locations.
The Western Union Company (NYSE: WU), a leader in the money transfer
segment of global payments, now offers two new fee-friendly reloadable
Visa prepaid cards. The Western Union MoneyWise(TM)
and Gold Card Visa prepaid cards provide consumers with the
convenience of a prepaid card without many of the fees - such as monthly
maintenance, purchase transaction and customer service fees.
The Western Union MoneyWise and Gold Card Visa prepaid
cards incorporate all the benefits of a reloadable Visa prepaid card and
offer consumers increased convenience and ease of use, including adding
money in four convenient ways:
The ability to use the cards anywhere Visa debit cards are accepted
including online and at ATMs
The cards are protected by Visa's zero liability policy
(details at usa.visa.com)
No credit check or bank account required to sign up for either card
The ability to manage your card account both online and over the phone
Reload money in-person at any of the over 46,000 participating Western
Union Agent locations in the U.S.
Online using a bank account
Using Direct Deposit through an employer; and
The ability to load a Western Union Money Transfer
transaction directly onto the cards.
Consumers can sign-up for the fee-friendly Western Union
MoneyWise and Gold Card Visa prepaid cards by simply visiting
WesternUnion.com. Both cards are also being merchandized through various
channels, that include direct mail and over the phone.
"When you take into account activation, maintenance and transaction fees
- among other costly additions - the typical reloadable prepaid card
user can be charged upwards of $200 in fees over the course of a year,"
said Tim Sloane, vice president client services and director Prepaid
Advisory Service for Mercator Advisory Group. "Western Union's new
reloadable prepaid programs finally deliver the value proposition
consumers have been long waiting for in this market."
We invite consumers to compare our fees to those of other cards in the
industry. "We've heard from consumers, during these economic times, that
they want a financial tool to manage their money without paying
excessive fees," said Michael Hafer, vice president, U.S. Product
Management, Western Union. "Our new fee-friendly prepaid cards provide
consumers with the freedom to spend without building debt while giving
them control of their finances."
Western Union recently piloted the MoneyWise Visa prepaid card as part
of its Overnight Home Delivery service in Kansas City and St. Louis. The
service will be offered soon via westernunion.com and over the phone.
Currently Western Union is selectively offering its 8 million Gold Card
loyalty program members, with the convenience of the reloadable Gold
Prepaid Visa card.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta and Pago Facil branded
payment services, Western Union provides consumers with fast, reliable
and convenient ways to send and receive money around the world, as well
as send payments and purchase money orders. Western Union, Vigo and
Orlandi Valuta operate through a combined network of more than 385,000
Agent locations in 200 countries and territories. Famous for its
pioneering telegraph services, the original Western Union dates back to
1851. For more information, visit www.westernunion.com.