Does your financial institution face these challenges?
Complex global regulatory compliance
Many banks and credit unions are hesitant to offer international payment and foreign exchange services due to the complexities of navigating global compliance requirements.
There can be comfort working with a trusted provider. Western Union proactively engages regulators to help ensure compliance frameworks are based on appropriate industry standards.
A proven global payments network
White-label our web-based, 24-hour global payments network and allow your consumer and business customers to send and receive money around the world.
Our extensive global network combined with our local market knowledge helps your financial institution and its customers manage international payments in over 200 countries/territories and in more than 130 currencies. Your customers can also receive payments in over 30 currencies.
Help increase revenue opportunities
You may be aware that clients are transacting internationally using other providers. This non-interest revenue stream could be yours and may help you retain your current customers and capture new audiences.
Give clients access to an online global payments network, without having to build and maintain one in-house.
Personalized service for financial institutions
Correspondent banks are multi-focused and often don’t prioritize the needs of international payments clients.
Our experienced team is dedicated to helping ensure the needs of your financial institution, and its customers are met efficiently.
FEATURES AND BENEFITS
Efficient mass payments
Send up to 10,000 payments, in multiple currencies via a single file upload. Connect directly to our network via API or Swift protocol, integrate our white-labeled solution directly into your banking system.
Meet your customer needs
Process outgoing and incoming transactions in-house on behalf of your customers, or enable them to self-serve by white-labeling our digital solution and integrating it with your online banking platform.
Your customers send funds internationally using local clearing houses (such as ACH, SEPA or BACS) or local Real-Time Gross Settlement (RTGS) systems, and they may pay lower fees using our 500+ local bank accounts around the world.
Know the full cost
Our global network and digital platform allows your institution and its customers to view transactions in your local currency, so you know in advance the exact cost.
Get the word out
Receive marketing support and customizable campaigns to help you promote international services to your customers.
Help clients’ cash flow
Partner with us to help your customers manage foreign exchange volatility using risk management solutions.
HEAR WHAT OUR CLIENTS HAVE TO SAY
“Some community banks hesitate to offer international payments because of stringent regulations. Western Union Business Solutions really understands the global regulatory environment. This is a major reason we depend on them for our international payments.”
"Western Union Business Solutions has helped us streamline our foreign wire procedures by offering valuable real time integration into our current wire software. They have been key to helping to strengthen our relationships with our foreign wire customers."
"Partnering with Western Union Business Solutions has really helped us stake our ground amongst our top five competitors. We’ve begun to expand our business services further by referring customers with hedging needs to Western Union Business Solutions, which means we are increasing customer satisfaction further still."