Western Union Offers Webinar for Businesses to Better Manage Currency Risk

The Western Union Company (NYSE:WU), a leader in global payment services, today announced that Western Union Business Solutions will sponsor a free webinar on China’s changing role in global financial markets. The event will be held Nov. 17, 2011 at 1 p.m. ET, and focus on the profound changes that are occurring within China – and the strategies that businesses in North America can use to manage the risks and opportunities being created. To register, go to WEBINAR | China: Looking the Gift Dragon in the Mouth

After four decades of spectacular growth, China has become one of the world’s largest economies and a vital link in the global marketplace. In many ways, this growth has been an invaluable gift for US businesses, helping to reduce supply chain costs and greatly expand international markets. The webinar will address the evolving balance of power between the major economies, from a currency trader’s distinctively independent perspective. Leading the webinar will be:

• Karl Schamotta, Senior Market Strategist at Western Union Business Solutions
• Ellen M. Heffes, Editor-in-Chief Financial Executive magazine at Financial Executives International

Mr. Schamotta and Ms. Heffes will discuss:

• Changes occurring within the Chinese economy in a historical context
• Fundamental realities hiding behind China's unprecedented rise
• China's recent impact on the global financial markets, and how this is beginning to change
• Tactics and strategies that firms can use to manage currency risk and harness the opportunities generated in this environment

Western Union Business Solutions enables companies of all sizes to send and receive cross-border payments and manage foreign exchange. With deep expertise in moving funds around the globe, access to over 140 currencies and a global financial network spanning more than 200 countries, Western Union helps companies spend less time managing international financial transactions and more time growing their businesses. Since the acquisition of Travelex Global Business Payments, Western Union is now the world’s leading nonbank provider of cross-border business payments. Western Union Business Solutions operates through locally licensed affiliates in 18 countries.

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 485,000 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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