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The Western Union Company (WU)

15.25 0.80(4.98%) Apr 17, 4:00PM EDT
|After Hours : 15.30 Up 0.05 (0.33%) Apr 17, 6:47PM EDT
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The Western Union Company
12500 East Belford Avenue
Englewood, CO 80112
United States - Map
Phone: 866-405-5012

Index Membership:N/A
Industry:Credit Services
Full Time Employees:10,000

Business Summary 

The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations. This segment provides various options for sending and receiving funds, including walk-in and telephone money transfer, online money transfer, account based money transfer, direct to bank, and mobile money transfer services through a network of third-party agents using multi-currency and real-time money transfer processing systems. The Consumer-to-Business segment offers options to make one-time or recurring payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies, and other businesses. It also provides various products, which give consumers choices as to the payment channel and method of payment, including Speedpay, Pago Fácil, Western Union Payments, and Equity Accelerator. This segment offers its services primarily through the phone and the Internet, as well as through its agent networks and select company-owned locations. The Business Solutions segment facilitates payment and foreign exchange solutions, principally cross-border and cross-currency transactions for small and medium size enterprises and other organizations, as well as for individuals. This segment provides its services through the phone, partner channels, and the Internet. As of December 31, 2013, the company had a network of approximately 500,000 agent locations in approximately 200 countries and territories. The Western Union Company was incorporated in 2006 and is headquartered in Englewood, Colorado.

Key Statistics

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Corporate Governance 
The Western Union Company’s ISS Governance QuickScore as of Apr 1, 2014 is 4. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 6; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Hikmet Ersek , 53
Chief Exec. Officer, Pres, Director and Member of Compliance Committee
Mr. Rajesh K. Agrawal , 49
Interim Chief Financial Officer and Exec. VP
Mr. J. David Thompson , 47
Chief Information Officer and Exec. VP of Global Operations
Mr. John R. Dye , 54
Exec. VP, Gen. Counsel and Sec.
Amintore T. X. Schenkel ,
Chief Accounting Officer, Sr. VP and Controller
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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