Western Union names Patrick Gaston president of Western Union Foundation

The Western Union Company (NYSE: WU), a global leader in financial services, has announced the appointment of Patrick Gaston as President of The Western Union Foundation.

The Western Union Company (NYSE: WU), a global leader in financial services, has announced the appointment of Patrick Gaston as President of The Western Union Foundation.

Global payments giants Western Union and Visa teamed up with Aboitiz-led Union Bank of the Philippines to roll out a prepaid card meant to serve consumers that are otherwise not served by the traditional banking system.

In today’s economy, every dollar counts and convenience is critical as peoples’ lives get busier. To help address both, Western Union is now offering a “No Transfer Fee” promotion on qualifying transfers and other promotions for U.S. customers sending money online to the Philippines.
Western Union Co., provider of global payment services, has diversified into business-to-business payments in the Philippines in collaboration with Petnet Inc., which operates the Western Union agent network in the country.
Western Union is launching this year two new services in the Philippines to leverage on the continually strong remittance from overseas Filipinos. Patricia Z. Riingen, a senior vice president at Western Union, said in an interview that the financial service firm was looking at opportunities in new channels like prepaid cards and bank account-based money [...]
MANILA, Philippines—A significant segment of the country’s small and medium enterprises engaged in overseas trade continue to have limited options when it comes to paying for their transactions with foreign counterparts, international fund transfer firm Western Union said Sunday. As such, many SMEs are forced to use pricey payment services offered by banks—an added cost [...]