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TheStreet Open House

Consumers Now Have More Options To Send Money Transfers, Pay Bills Via Western Union At SunTrust Bank Locations

Stocks in this article: STIWU

ENGLEWOOD, Colo. and ATLANTA, Jan. 9, 2014 /PRNewswire/ -- The Western Union Company (NYSE: WU), a leader in global payment services, and SunTrust Bank, one of the nation's largest banking organizations, have launched Western Union ® global money transfer and bill payment services at more than 1,500 bank Agent locations in the southeastern U.S.

As part of this launch, for the first time both SunTrust clients and the general public can now pay bills or load prepaid cards via Western Union services, or send money to more than 495,000 1 Western Union Agent locations in 200 countries and territories from all SunTrust bank locations.

"Western Union is adding more choices and convenience for consumers around the world. These new launches with SunTrust are examples of how we're accomplishing this with money transfer and bill payments in the U.S. and leveraging the strengths of our global brand and network," said Carter Hunt, senior vice president and general manager, U.S., Western Union.

"Western Union was a natural choice for collaboration as it gives us more options to serve our communities," said Beverly Ladley, Consumer Products and Lending Executive at SunTrust Bank. "These additional offerings will allow us to fulfill on our purpose of lighting the way to financial well-being for more families. This is especially important in the New Year as we pay off our holiday expenses and look to find additional ways to successfully manage our finances."

Western Union services are offered in the U.S. through a strategically combined Agent network of nearly 46,000 1 banks, national retail and grocery chains, and independent locations. The company also offers its customers online and mobile phone access points in certain countries for money transfer services. In 2012, 70 million consumers used Western Union to send money to more than 200 countries and territories in 120 currencies.

To find the nearest SunTrust Bank with Western Union services, visit www.westernunion.com.

1As of Sept. 30, 2013

About Western UnionThe 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 September 30, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories and approximately 115,000 ATMs.  In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

About SunTrust SunTrust Banks, Inc., (NYSE: STI) headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2013, SunTrust had total assets of $171.8 billion and total deposits of $128.9 billion. Through its flagship subsidiary, SunTrust Bank, the company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services. SunTrust's Internet address is suntrust.com.

SunTrust Bank, Member FDIC. © 2014 SunTrust Banks, Inc. SunTrust is a federally registered service mark of SunTrust Banks, Inc.

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