Backed by a brand you can trust, with over 165 years of industry innovation and an extensive global footprint, your partner to connect, empower and grow you internationally is Western Union Business Solutions.
2. BACKED BY A BRAND YOU CAN TRUST
FOUNDED
IN 1851
5.4billion
REVENUE*
1billion
OPERATING
CASH FLOW*
31
TRANSACTIONS
PER SECOND
ON AVERAGE*
500
FORTUNE
COMPANY
FIRST STOCK
TRADE IN
1865
3. LAUNCHES
THE WUยฎ EDGE
PLATFORM
FOUNDED
TELEGRAPHIC
COMPANY
FIRST
STOCK TRADE
MONEY
TRANSFER
INTRODUCED
INTRODUCED
MICROWAVE
TRANSMITTER
LAUNCHES
AMERICAโS FIRST
COMMERCIAL
SATELLITE
FOCUS
ON DIGITAL
MONEY TRANSFER
ACQUIRED CUSTOM
HOUSE CURRENCY
EXCHANGE
LAUNCHES
WESTERN UNION
BUSINESS SOLUTIONS LAUNCHED
WUยฎ GLOBALPAY
FOR NGOS
PARTNERS
WITH JAPANโS
LARGEST
ONLINE BANK,
RAKUTEN
LAUNCHES
WUยฎ MASS PAYMENTS
ACQUIRED TRAVELEX
GLOBAL BUSINESS
PAYMENTS
EXPANDS
GLOBAL PRESENCE
TO 28 COUNTRIES
165 YEARS OF INNOVATION
1851
1865
1871
1945
1974
2006
2009
2010
2011
2012
2014
2013
2016
1850 1900 2000
5. 130+ CURRENCIES
BANK PAYOUT IN 170 COUNTRIES
AND TERRITORIES
65 GLOBAL BANKING PARTNERS
500 GLOBAL BANK ACCOUNTS
71 COUNTRIES IN DIRECT
CLEARING NETWORK
Global reach of
Payment types
and currencies
EXTENSIVE GLOBAL FOOTPRINT
35
COUNTRIES
CURRENCIES
9
Domestic ACH
68
COUNTRIES
CURRENCIES
31
Domestic RTGS
25
COUNTRIES
CURRENCIES
25
Offshore RTGS
81
COUNTRIES
CURRENCIES
74
3rd Party RTGS
47
COUNTRIES
CURRENCIES
22
Domestic Incoming
15
COUNTRIES
CURRENCIES
15
Offshore Incoming
6. IT BENEFICIARY
DE BENEFICIARY
UK BENEFICIARY
GLOBAL
SETTLEMENT
ACCOUNTS
CUSTOMER GLOBAL CASH
MANAGEMENT
WUBS DOMESTIC
BANK ACCOUNT
WE PARTNER WITH LOCAL FINANCIAL INSTITUTIONS AND BANKS TO PROCESS
LOCAL PAYMENTS ON BEHALF OF FOREIGN CUSTOMERS
Less fees โฏ fast processing โฏ funds arrive in full
FAST AND EFFICIENT GLOBAL PAYMENTS
7.
8. COMPLIANCE: A TRUSTED PARTNER
3.6%
dedicated compliance
professionals
strong leadership team,
experience from OFAC,
the Fed and FinCEN
of revenue was invested
in compliance in 2015
~2000
SOPHISTICATED TECHNOLOGY
โข 1,000 real-time decisioning rules
โข Real-time response within milliseconds
โข Core compliance systems are operational
and running 24/7
We help clients transact around the
world with confidence that funds will
arrive when and where theyโre needed
9. 187LICENSES
AND 19 REGISTRATIONS
IN 28 COUNTRIES*
41
GLOBAL
REGULATORY
EXAMS
HEIGHTENED
REGULATORY
EXPECTATIONS
355
DUE DILIGENCE
REQUESTS
47
INTERNAL
AUDITS
24
THIRD PARTY
REVIEWS
A SNAPSHOT OF WESTERN UNION COMPLIANCE
REGULATORY EXPECTATIONS
10.
11. * Transaction fee-free EDGE Network Payment services are available between fully accredited WUBS customers that have registered to use the WUยฎEDGE platform and are authorized by a WUBS affiliate to access WUBS services in USA,
Canada, United Kingdom, France, Italy, Austria, Germany, Poland, Czech Republic, Singapore, Hong Kong, Australia, New Zealand, Malta or in other WUBS operating countries where customers have been specifically granted access to such
service. WUBS does not charge license fees to access or use the WUยฎEDGE platform. In the event that a transaction that is initiated through the WUยฎEDGE platform involves a currency conversion a WUBS affiliate will apply a foreign
currency exchange rate, which includes a margin set by WUBS. Transaction fees may also apply to transactions other than EDGE Network Payment services that are initiated through the WUEDGE platform.
** Currently only available to NGO clients for mobile payouts in certain regions.
BANK ACCOUNT
CASH
CARD
MOBILE**
130 CURRENCIES
BANK PAYOUT IN 170
COUNTRIES AND
TERRITORIES
GLOBAL PAYMENT NETWORK
CORPORATE
SMALL
BUSINESS
NGOsLEGAL
FINANCIAL
INSTITUTIONS
EDUCATIONAL
INSTITUTIONS
SOLUTIONS FOR ALL SIZES AND INDUSTRIES
โข Connect with partners
โข Real time, fee free*
โข Visibility into exposures
โข Incoming
โข Outgoing
โข Mass paymentsINTERNATIONAL
PAYMENTS
โข Hedge specialists
โข Improve cash flow
โข Help protect profitsRISK
MANAGEMENT
12. FIND NEW BUSINESS PARTNERS
and be found
FEE-FREE, REAL TIME PAYMENTS
in 51 currencies with your partners
on the EDGE Network
HOLD AND MANAGE
CASH BALANCES
across multiple
currencies
SIMPLIFY ACCOUNTS PAYABLES
by capturing, submitting and tracking
invoices with partners in-platform
BUSINESS INTELLIGENCE
that helps you make powerful business decisions
CONTROL FX COSTS
and protect profits
SAVE TIME AND MONEY
on global transactions
GROW
EMPOWER
CONNECT
A FREE, EASY-TO-USE INTERNATIONAL BUSINESS PLATFORM
WU EDGE: SIMPLIFYING INTERNATIONAL TRADE
13. TAKE COMPLEXITY OUT OF INTERNATIONAL TRANSACTIONS
OUTGOING PAYMENTS
Transact with 200 countries and
territories in over 130 currencies
INCOMING PAYMENTS
Become a preferred supplier
and allow buyers to pay in their
choice of currency, or credit card
ONLINE PAYMENTS
Online, anytime through our
network to avoid intermediaries
and extra bank fees
MASS PAYMENTS
Increase efficiency by sending up
to 10,000 payments in a single
file for delivery on time, in full
14. Manage
costs
Cross-currency
payments and
hedge tools
Deal when the rate hits your target spike
Strategically trigger payments to happen
when exchange rates are favorable
Get payment certainty in volatile markets
Lock-in a currency rate for up to 12 months using
a Forward Contract
Protect and Participate
Option Contracts give protection from adverse moves,
and the opportunity to participate in favorable shifts
Visibility of
exposure
Increase
forecasting
accuracy
Avoid
unnecessary
FX fees
Leverage our
Holding Balance
accounts
MAKE STRATEGIC CURRENCY TRADES
CASH FLOW AND RISK MANAGEMENT
HEDGE TOOLS
15. SERVING BUSINESSES OF ALL SHAPES AND SIZES
NGOs
Get money to remote locations
where it's needed, when it's needed
SMALL BUSINESS AND CORPORATE
Simplify international trade and efficiently
manage cash flow
EDUCATION
Expand your reach and serve the
growing international student market
FINANCIAL INSTITUTIONS
Help clients send and receive
money, and leverage new streams
of non-interest revenue
LEGAL
Manage risk, contain costs, and
efficiently manage finances
17. YOUR PARTNER OF CHOICE
FINANCIALLY PROMINENT
Fortune 500 Company generating $1Bn in cash
POSITIONED TO SUPPORT GROWTH
Innovative payment platforms that simplify international business
STRENGTH IN NUMBERS
Payment network spanning 200 countries & territories
PAVING THE WAY IN COMPLIANCE
Global regulatory strength managing 187 licenses
PARTNERSHIP MOVING FORWARD
Commercially flexible models to drive economic efficiencies
Letโs explore how
Western Union
Business Solutions
can help support
the growth of your
business
18. ยฉ 2017 Western Union Holdings Inc. All rights reserved.
Western Union Business Solutions is a business unit of The Western Union Company. Services in the US are provided by Custom House USA, LLC (NMLS ID: 906985; MA MT license #:
FT906985) and Western Union Business Solutions (USA), LLC (NMLS ID: 907333; MA MT license #: FT0041) (collectively referred to as โWUBSโ or โWestern Union Business Solutionsโ). For
a complete listing of US state licensing, visit http://business.westernunion.com/about/notices/.
For additional information about Custom House USA, LLC and Western Union Business Solutions USA, LLC visit http://business.westernunion.com/About/Compliance-Legal.
This brochure has been prepared solely for informational purposes and does not in any way create any binding obligations on either party. Relations between you and WUBS shall be
governed by the applicable terms and conditions. No representations, warranties or conditions of any kind, express or implied, are made in this brochure.
All other logos, trademarks, service marks and trade names referenced in this material are the property of their respective owners.
business.westernunion.com
THANK YOU
Editor's Notes
Authenticate buyers and suppliers simply and quickly, with full transparency at every step.
Robust screening and monitoring practices
Global Compliance program standards across jurisdiction
Leverage effective risk management processes and practices
Due diligence is performed on all of our clients at onboarding and at re-accreditation
Comprehensive Sanctions Screening and Monitoring; transactions are screened against multiple global Watchlist prior to their release on a daily basis
Global systems with compliance capabilities
For North America, can speak to Dodd Frank features:
Process for 30 minute cancelation period
Live rates versus static rates
Direct Credit circumvents bank and bene fees so more money for your customer
Commitment โ training, seminars
Disclosure โ multiple options to deliver
We contractually assume Liability for data on disclosure enabled via automated disclosures
Toolkit
Recognized global leadership in the regulatory environment
The WUBS Compliance program provides oversight and controls required to manage compliance obligations across the jurisdictions where we operate
Last year we invested 3% of revenues on compliance and regulatory programs
WUBS acquisition, integration and technology spend of over $1.4Billion has created a modern and seamless INTERNATIONAL GROWTH NETWORK
WUBS understands the specific needs to different business segments and has tailored the WUBS solution to meet these needs.
Our Platform enables:
1. Payables and Receivables: it connects your business to a global buyer-seller payment network
2. Cash Flow visibility and management: A data rich cash management platform that provides visibility of payments and exposures
3. So you can build a Risk Management Program: To manage currency risk with certainty to protect cash flow and profits
3. Market Information: Benefit from the immediacy of real-time FX market informationย
Itโs a smarter, faster way to grow your business internationally
Introduction: Risk Management Solutions
Take the risk out of foreign payables and receivables.
3 enablers to manage foreign invoices:
Cash Management platform โ to gain visibility of cash flow
Minimize currency changes to minimize costs.
Cross Currency Payments eliminate unnecessary currency exchanges into your domestic currency for inbound and ongoing outbound foreign currency payments
Enjoy the benefits of a foreign bank account, without needing the bank account.
Pay international bills with the same speed and ease as domestic purchases. Foreign currency accounts to hold money in 40+ currencies for up to 90 days. Receive and hold funds in multiple currencies to broaden your global trading footprint, and eliminate unnecessary exchanges.
4 hedging tools to mange risk:
Simply pay a foreign invoice.
Spot payments let you buy or sell foreign currency to pay your international invoices
Deal when the rate hits your target spike.
Market Orders let you set an instruction to make a payment when a target rate is hit
Guarantee the cost of a foreign invoice, even if the market moves.
Forward Contracts let you lock in a fixed exchange rate for a future date regardless of market movements, to help secure margins and accurately forecast profits
Currency options allow you to effectively manage risk and, at the same time, take advantage of positive changes in market exchange rates
Currency options are a simple hedging solution that many SMEs today are using to protect their business from market volatility
The benefit of options is that they provide protection against adverse market developments while giving you the opportunity to participate in favourable moves, usually for zero cost.
