BIRMINGHAM, Ala. & ENGLEWOOD, Colo.--(BUSINESS WIRE)--Regions Bank (NYSE: RF) and Western Union (NYSE: WU), a leader in global payment services, today announced an agreement to offer the Western Union® global money transfer service and the Western Union expedited bill pay service across 1,700 Regions Bank locations in the U.S.
“At Regions we know that consumers value flexibility, convenience and reliability when choosing a financial services provider,” said John Owen, head of consumer services for Regions Bank. “Our agreement with Western Union will allow us to offer a broader suite of products and services to meet the needs of our customers and communities while continuing to deliver the exceptional customer experience that Regions is known for.”
Through the bank’s agreement with Western Union, Regions Bank accountholders and walk-in consumers will have the ability to send and receive domestic or international money transfers and make same-day payments conveniently and quickly to members of Western Union’s growing Biller network.
“Our expanding global money movement network provides consumers more ways to move money quickly to more destinations worldwide,” said Stewart A. Stockdale, executive vice president and president, global consumer financial services, Western Union. “Regions Bank is one of the largest full-service banking institutions in the U.S. Our agreement with Regions is part of Western Union’s continued focus on identifying and driving the development of best-in-class services to expand the company’s business to new consumer segments through Regions retail locations as well as through online channels.”
The services will be available later this year at Regions Bank branches in the 16 states the bank serves. Plans also include offering Western Union online services to Regions Bank online customers.
About Regions Financial Corporation
Regions Financial Corporation, with $132 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,800 banking offices and 2,200 ATMs. Its investment and securities brokerage trust and asset management division, Morgan Keegan & Company Inc., provides services from over 300 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.
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. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 455,000 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.
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