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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Western Union Company | NYSE:WU | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.02 | 0.17% | 11.87 | 11.89 | 11.795 | 11.86 | 359,795 | 15:59:00 |
CEO Hikmet Ersek: “As a responsible global company mobilizing and responding to this humanitarian crisis immediately, is critical”
The Western Union Company and the Western Union Foundation today pledged a minimum of one million dollars USD for swift and effective support for families and communities most affected by the refugee crisis in Europe. The company is mobilizing a multi-faceted response leveraging its global network of employees and Go-to-Market business leads, Western Union Retail Agents and customers, Western Union Business Solutions clients as well as company vendors.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150909006256/en/
The Western Union Foundation will support a range of disaster response organizations, including Global NGO Partners and local response organizations. Grants totaling USD$200,000 have already been committed to be distributed among Save the Children, the Red Cross National Societies in Europe, Mercy Corps and Caritas.
As a part of the pledge, the Western Union Company will contribute ten US cents per transaction for all consumer-to-consumer transactions originated within the European Union, up to a maximum of USD$400,000. This initiative will commence on 14 September and funds will be committed for immediate local field actions, supplemented with Western Union employee grassroots activities at major refugee service centers across Europe.
A Western Union Foundation employee, Agent and vendor appeal match program has also been activated. The Western Union Foundation will offer a 2:1 employee match program and a 1:1 match program for Western Union Retail Agents, Western Union Business Solutions clients and Western Union vendors.
Western Union President and CEO Hikmet Ersek, said, “We are watching this unfolding crisis with heavy hearts. Our company is guided by a purpose of 'moving money for better' and this drives every decision we make and market we enter. Living our purpose also means giving on matters that are extremely critical to the communities we serve.
“We are mobilizing a whole-of-company approach, engaging our customers, our employees, business associates and our Foundation to pledge a minimum of one million dollars USD towards supporting the effort led by the European Union and the global community towards this unfolding humanitarian crisis.
“Our thoughts are with the men, women and children impacted as a result of this crisis. Supporting what matters in our communities, whether global or local, is the responsible thing to do," he said.
“Western Union’s core customer base is predominantly comprised of migrants, who have moved from their home to their host country for a variety of reasons, be they economic, financial, family-reason or security. History has shown that, over time, migrants make extraordinary contributions to both their host communities, and also to their home communities in the form of remittances sent back to family and friends."
Western Union Foundation President Patrick Gaston, said, “It is heartening to see international and national humanity collaborate in support of this crisis. Our giving is about helping people who need it most, in collaboration with our NGO relationships on the ground.
“With our immediate financial commitment, our NGO Partners are responding with support for relief efforts, including meals, shelter, healthcare and other necessities to the families and children most affected in coastal and arrival areas, migratory and transit areas, and settlement areas," he said.
Western Union Foundation– specific actions by NGO Partners
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. As of June 30, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to millions of bank accounts. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.
About The Western Union Foundation
The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all. Through its signature program, Education for Better, and with the support of The Western Union Company, its employees, Agents, and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief efforts as pathways toward a better future. Our combined social ventures efforts make life better for individuals, families and communities around the world. Since its inception, The Western Union Foundation has paid more than $103 million in grants and other giving. These funds have been pledged to more than 2,760 nongovernmental organizations in more than 136 countries and territories. The Western Union Foundation, is a separate §501(c)(3) recognized United States charity. To learn more, visit www.westernunionfoundation.org, or Follow us on Twitter @TheWUFoundation.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150909006256/en/
Western UnionAmericas and European Union:Pia De Lima (US), +1 954-260-5732pia.delima@westernunion.comorClaire Treacy, +44 (0)7808 243 380Claire.Treacy@westernunion.comorMiddle East, Africa, Asia-Pacific, Eastern Europe & CIS:Ingrid Sahu, +971-52-9225021ingrid.sahu@westernunion.com
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