DENVER–(BUSINESS WIRE)–The Western Union Company (NYSE: WU), a global leader in cross-border,
cross-currency money movement, today announced the Company has completed
the sale of its Speedpay U.S. domestic bill pay business to ACI
Worldwide for approximately $750 million in cash.
Speedpay provides electronic bill presentment and payment solutions to a
variety of business sectors in the U.S., including utilities, auto
finance, mortgage, consumer finance, insurance, telecommunications, and
government finance.
The Company also completed the sale of Walletron, a provider of mobile
bill presentment solutions previously acquired by Western Union, to ACI
Worldwide for undisclosed terms.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border,
cross-currency money movement. Our omnichannel platform connects the
digital and physical worlds and makes it possible for consumers and
businesses to send and receive money and make payments with speed, ease,
and reliability. As of March 31, 2019, our network included over 550,000
retail agent locations offering Western Union, Vigo or Orlandi Valuta
branded services in more than 200 countries and territories, with the
capability to send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2018, is available in approximately 70
countries, plus additional territories, to move money around the
world. With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial inclusion
and support economic growth. For more information, visit www.westernunion.com.
WU-G
Contacts
Media Relations:
Claire Treacy
+1 (720) 332-0652
[email protected]
Investor
Relations:
Mike Salop
+1 (720) 332-8276
[email protected]
