ENGLEWOOD, Colo., April 11 /PRNewswire/ -- Western Union Financial
Services, Inc. and First Data Technologies Inc., both subsidiaries of First
Data Corporation (NYSE: FDC), announced today that they have established a
business relationship with the Orlandi Valuta companies ("Orlandi Valuta"), a
provider of electronic money transfer services. The agreement allows Western
Union branded services to be sold at Orlandi Valuta agent locations and gives
Western Union the option to purchase Orlandi Valuta. Also, according to the
agreement, First Data Technologies will provide data processing services to
Orlandi Valuta.
Financial terms of the agreement were not disclosed.
The companies entered into a 10-year agreement that will allow Orlandi
Valuta agents to sell Western Union branded products and services, including
money transfers, money orders, and in-person bill payment services.
First Data Technologies entered into an agreement to provide data
processing services in support of Orlandi Valuta's consumer money transfer
operations.
"This agreement allows both Western Union and Orlandi Valuta to expand in
what has become a fast-growing and very competitive business for money
transfers to Mexico," said Charles T. Fote, executive vice president, First
Data Corporation. "Western Union can benefit with additional outreach in
Mexico money transfer communities. Overall, this relationship will benefit
both companies and the Mexico money transfer consumer."
Founded in 1985, Los Angeles-based Orlandi Valuta provides electronic
money transfers from the U.S. to Mexico through more than 2,000 retail agent
locations in California, Texas, Illinois, Florida and Mexico.
Based in Englewood, Colorado, First Data Technologies serves as a data
processing service bureau for other First Data Corporation business units and
outside clients.
Also based in Englewood, Colorado, Western Union Financial Services, Inc.
is a provider of money transfer services. The company provides rapid money
transfer services through more than 30,000 agent locations in more than 130
countries worldwide. Famous for its pioneering telegraph services, the
original Western Union dates back to 1851 and introduced electronic money
transfer service in 1871.
Western Union and First Data Technologies are subsidiaries of First Data
Corporation. Based in Hackensack, NJ, FDC and its business units provide
payment systems, electronic commerce and information management services to
financial institutions, merchants, insurance companies, health care providers,
public utilities and consumers throughout the world.
SOURCE First Data Corporation
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CONTACT: Peter Ziverts of First Data Corporation, 303-488-8017
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